Beazer Homes USA (NYSE:BZH) Announces Quarterly Earnings Results

Beazer Homes USA (NYSE:BZH) issued its quarterly earnings data on Thursday. The construction company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.21), Zacks reports. Beazer Homes USA had a net margin of 6.02% and a return on equity of 11.95%.

Beazer Homes USA Stock Down 14.4 %

NYSE:BZH traded down $3.98 during trading hours on Friday, hitting $23.72. The stock had a trading volume of 538,884 shares, compared to its average volume of 274,872. Beazer Homes USA has a 1-year low of $23.05 and a 1-year high of $38.22. The company has a current ratio of 14.29, a quick ratio of 1.87 and a debt-to-equity ratio of 0.83. The company has a market cap of $740.06 million, a PE ratio of 5.24, a price-to-earnings-growth ratio of 0.30 and a beta of 2.24. The business has a 50 day simple moving average of $29.59 and a two-hundred day simple moving average of $31.00.

Insider Transactions at Beazer Homes USA

In related news, CFO David I. Goldberg sold 6,057 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $32.06, for a total transaction of $194,187.42. Following the transaction, the chief financial officer now directly owns 131,004 shares in the company, valued at $4,199,988.24. This trade represents a 4.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 6.52% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wedbush reaffirmed an “outperform” rating and issued a $45.00 price objective on shares of Beazer Homes USA in a research report on Monday, December 23rd. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Beazer Homes USA has an average rating of “Hold” and an average target price of $39.67.

About Beazer Homes USA

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.