Beazer Homes USA, Inc. (NYSE:BZH) to Post Q3 2024 Earnings of $0.82 Per Share, B. Riley Forecasts

Beazer Homes USA, Inc. (NYSE:BZH) – B. Riley dropped their Q3 2024 EPS estimates for shares of Beazer Homes USA in a report released on Thursday, May 2nd. B. Riley analyst A. Rygiel now forecasts that the construction company will post earnings per share of $0.82 for the quarter, down from their previous forecast of $1.27. The consensus estimate for Beazer Homes USA’s current full-year earnings is $4.61 per share. B. Riley also issued estimates for Beazer Homes USA’s FY2024 earnings at $4.52 EPS and FY2025 earnings at $5.30 EPS.

Several other analysts also recently issued reports on BZH. StockNews.com downgraded Beazer Homes USA from a “hold” rating to a “sell” rating in a research note on Friday. Wedbush restated a “neutral” rating and issued a $33.00 price objective on shares of Beazer Homes USA in a research report on Thursday, May 2nd.

Beazer Homes USA Price Performance

Shares of NYSE:BZH opened at $28.34 on Monday. Beazer Homes USA has a twelve month low of $20.04 and a twelve month high of $35.93. The company has a quick ratio of 1.30, a current ratio of 13.50 and a debt-to-equity ratio of 0.88. The company has a market cap of $894.13 million, a price-to-earnings ratio of 5.47 and a beta of 2.25. The business has a 50 day moving average price of $29.74 and a 200 day moving average price of $29.63.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings results on Wednesday, May 1st. The construction company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.35. The business had revenue of $541.50 million during the quarter, compared to analyst estimates of $569.88 million. Beazer Homes USA had a net margin of 7.48% and a return on equity of 13.97%. The business’s revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.13 earnings per share.

Institutional Trading of Beazer Homes USA

A number of institutional investors have recently bought and sold shares of BZH. Donald Smith & CO. Inc. lifted its holdings in Beazer Homes USA by 58.9% in the 4th quarter. Donald Smith & CO. Inc. now owns 2,586,642 shares of the construction company’s stock valued at $87,403,000 after purchasing an additional 958,814 shares in the last quarter. Vanguard Group Inc. boosted its position in Beazer Homes USA by 31.2% during the 3rd quarter. Vanguard Group Inc. now owns 2,194,979 shares of the construction company’s stock worth $54,677,000 after acquiring an additional 521,596 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Beazer Homes USA by 34.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 743,501 shares of the construction company’s stock valued at $18,521,000 after purchasing an additional 190,985 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of Beazer Homes USA in the fourth quarter valued at $24,971,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Beazer Homes USA by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 589,533 shares of the construction company’s stock worth $19,920,000 after purchasing an additional 22,669 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Beazer Homes USA Company Profile

Beazer Homes USA, Inc operates as a homebuilder in the United States. It designs, constructs, and sells single-family and multi-family homes under the Beazer Homes, Gatherings, and Choice Plans names. The company also sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Indiana, Delaware, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.