Q3 2024 Earnings Estimate for Beazer Homes USA, Inc. (NYSE:BZH) Issued By Wedbush

Beazer Homes USA, Inc. (NYSE:BZH) – Equities research analysts at Wedbush dropped their Q3 2024 earnings per share estimates for shares of Beazer Homes USA in a research note issued on Thursday, May 2nd. Wedbush analyst J. Mccanless now forecasts that the construction company will post earnings of $0.87 per share for the quarter, down from their previous forecast of $1.41. Wedbush has a “Neutral” rating and a $33.00 price objective on the stock. The consensus estimate for Beazer Homes USA’s current full-year earnings is $4.61 per share. Wedbush also issued estimates for Beazer Homes USA’s FY2024 earnings at $4.70 EPS, Q2 2025 earnings at $1.21 EPS, Q3 2025 earnings at $1.58 EPS, Q4 2025 earnings at $1.70 EPS and FY2025 earnings at $4.93 EPS.

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

Separately, StockNews.com downgraded shares of Beazer Homes USA from a “hold” rating to a “sell” rating in a report on Friday, May 3rd.

Beazer Homes USA Price Performance

Shares of BZH opened at $28.95 on Monday. Beazer Homes USA has a 52 week low of $20.04 and a 52 week high of $35.93. The company has a current ratio of 13.50, a quick ratio of 1.30 and a debt-to-equity ratio of 0.88. The firm has a market cap of $913.37 million, a price-to-earnings ratio of 5.59 and a beta of 2.25. The stock has a 50 day moving average of $29.71 and a 200-day moving average of $29.68.

Institutional Trading of Beazer Homes USA

Institutional investors and hedge funds have recently made changes to their positions in the stock. DGS Capital Management LLC boosted its holdings in shares of Beazer Homes USA by 4.1% during the first quarter. DGS Capital Management LLC now owns 9,817 shares of the construction company’s stock valued at $322,000 after acquiring an additional 386 shares during the period. Capstone Investment Advisors LLC increased its position in Beazer Homes USA by 8.2% in the 1st quarter. Capstone Investment Advisors LLC now owns 7,071 shares of the construction company’s stock valued at $232,000 after acquiring an additional 533 shares during the period. Barclays PLC raised its stake in Beazer Homes USA by 1.7% during the 3rd quarter. Barclays PLC now owns 33,188 shares of the construction company’s stock valued at $827,000 after acquiring an additional 559 shares in the last quarter. Swiss National Bank boosted its position in Beazer Homes USA by 1.0% during the 3rd quarter. Swiss National Bank now owns 62,100 shares of the construction company’s stock worth $1,547,000 after acquiring an additional 600 shares during the period. Finally, Jump Financial LLC grew its stake in shares of Beazer Homes USA by 1.6% in the third quarter. Jump Financial LLC now owns 49,277 shares of the construction company’s stock worth $1,227,000 after purchasing an additional 776 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

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.