Beazer Homes USA (NYSE:BZH) Releases Quarterly Earnings Results, Misses Expectations By $0.64 EPS

Beazer Homes USA (NYSE:BZH - Get Free Report) posted its quarterly earnings results on Thursday. The construction company reported ($1.13) earnings per share for the quarter, missing the consensus estimate of ($0.49) by ($0.64), FiscalAI reports. The firm had revenue of $363.49 million for the quarter, compared to the consensus estimate of $423.23 million. Beazer Homes USA had a return on equity of 4.46% and a net margin of 1.92%.Get Beazer Homes USA alerts:Beazer Homes USA Stock PerformanceBeazer Homes USA is an Overlooked Opportunity in HousingBeazer Homes USA stock traded up $0.62 during mid-day trading on Thursday, reaching $24.20. 508,286 shares of the stock traded hands, compared to its average volume of 423,174. Beazer Homes USA has a 12-month low of $17.37 and a 12-month high of $28.08. The business's 50-day moving average is $22.14 and its 200-day moving average is $23.28. The company has a debt-to-equity ratio of 0.82, a current ratio of 16.21 and a quick ratio of 2.07. The stock has a market capitalization of $714.20 million, a PE ratio of 15.82, a price-to-earnings-growth ratio of 0.99 and a beta of 2.18. Analyst Upgrades and DowngradesBZH has been the subject of a number of research reports. Wall Street Zen raised shares of Beazer Homes USA from a "sell" rating to a "hold" rating in a research note on Saturday, December 13th. Zacks Research raised Beazer Homes USA from a "strong sell" rating to a "hold" rating in a research note on Friday, January 16th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Beazer Homes USA in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $31.33.KB Home Constructs Bullish Price Action As Wider Industry ThrivesCheck Out Our Latest Research Report on Beazer Homes USAHedge Funds Weigh In On Beazer Homes USAA number of hedge funds have recently modified their holdings of BZH. Millennium Management LLC grew its position in shares of Beazer Homes USA by 928.5% in the 3rd quarter. Millennium Management LLC now owns 376,183 shares of the construction company's stock worth $9,235,000 after buying an additional 339,607 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Beazer Homes USA by 1,385.2% during the third quarter. JPMorgan Chase & Co. now owns 229,705 shares of the construction company's stock worth $5,639,000 after acquiring an additional 214,239 shares during the last quarter. AQR Capital Management LLC increased its stake in Beazer Homes USA by 35.5% during the 1st quarter. AQR Capital Management LLC now owns 198,855 shares of the construction company's stock valued at $4,055,000 after purchasing an additional 52,062 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of Beazer Homes USA by 32.3% in the 3rd quarter. Squarepoint Ops LLC now owns 141,234 shares of the construction company's stock valued at $3,467,000 after acquiring an additional 34,515 shares during the period. Finally, Cerity Partners LLC raised its stake in shares of Beazer Homes USA by 101.4% in the second quarter. Cerity Partners LLC now owns 127,555 shares of the construction company's stock worth $2,853,000 after purchasing an additional 64,220 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors. Beazer Homes USA Company Profile (Get Free Report)Beazer Homes NYSE: BZH Breaks Out Again, Are Shares Headed Higher?Beazer Homes USA, Inc is a national homebuilder specializing in the design, construction and sale of single-family homes. The company serves a diverse range of buyers, offering product lines that span from entry-level homes to move-up and active adult communities. In addition to its core homebuilding operations, Beazer provides mortgage financing, title and closing services through its subsidiaries, aiming to simplify the home-buying process and manage risk across the transaction. Operating in key growth markets across the United States, Beazer Homes maintains a presence in more than a dozen metropolitan areas, including select markets in the Southeast, Southwest and West.Featured StoriesFive stocks we like better than Beazer Homes USADo not delete, read immediatelyRefund From 1933: Trump’s Reset May Create Instant WealthNEW LAW: Congress Approves Setup For Digital Dollar?“Fed Proof” Your Bank Account with THESE 4 Simple StepsA U.S. “birthright” claim worth trillions - activated quietlyThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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