Beazer Homes USA (NYSE:BZH) Issues Earnings Results

Beazer Homes USA (NYSE:BZH) announced its earnings results on Friday. The construction company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.18, FiscalAI reports. Beazer Homes USA had a negative net margin of 0.18% and a positive return on equity of 0.99%. The business had revenue of $516.31 million during the quarter, compared to analysts’ expectations of $510.55 million. During the same period in the prior year, the company earned $0.26 earnings per share. The firm’s revenue was down 5.3% on a year-over-year basis.

Beazer Homes USA Price Performance

Shares of BZH traded down $0.29 during mid-day trading on Friday, reaching $33.17. The stock had a trading volume of 6,487,821 shares, compared to its average volume of 558,238. The firm has a market cap of $906.56 million, a price-to-earnings ratio of -221.11 and a beta of 2.17. Beazer Homes USA has a 12 month low of $17.83 and a 12 month high of $34.54. The business has a fifty day moving average of $29.56 and a 200 day moving average of $25.16. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.32 and a current ratio of 15.67.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BZH. Wall Street Zen downgraded shares of Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 10th. Weiss Ratings raised Beazer Homes USA from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, July 10th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BZH. Royal Bank of Canada increased its stake in Beazer Homes USA by 1.8% in the 1st quarter. Royal Bank of Canada now owns 73,915 shares of the construction company’s stock worth $1,507,000 after buying an additional 1,279 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Beazer Homes USA by 35.5% during the first quarter. AQR Capital Management LLC now owns 198,855 shares of the construction company’s stock worth $4,055,000 after purchasing an additional 52,062 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Beazer Homes USA by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,314 shares of the construction company’s stock worth $353,000 after purchasing an additional 734 shares in the last quarter. Rhumbline Advisers raised its stake in Beazer Homes USA by 1.4% during the 2nd quarter. Rhumbline Advisers now owns 46,206 shares of the construction company’s stock valued at $1,034,000 after purchasing an additional 642 shares during the period. Finally, American Century Companies Inc. raised its stake in Beazer Homes USA by 5.0% during the 2nd quarter. American Century Companies Inc. now owns 77,553 shares of the construction company’s stock valued at $1,735,000 after purchasing an additional 3,673 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Beazer Homes USA News Roundup

Here are the key news stories impacting Beazer Homes USA this week:

• Positive Sentiment: Takeover provides valuation support: Dream Finders Homes agreed to acquire Beazer in an all-cash transaction offering shareholders $33.50 per share. The deal values Beazer at approximately $2.2 billion including debt, or about $915 million on an equity-value basis. Reuters acquisition article
• Positive Sentiment: Quarterly results exceeded expectations: Beazer reported a fiscal third-quarter loss of $0.09 per share according to Zacks, beating the $0.34-per-share loss analysts expected. Revenue of approximately $516.3 million also topped estimates of $510.6 million. Zacks earnings article
• Neutral Sentiment: Deal completion remains the key focus: The proposed merger is subject to customary closing conditions and approvals. Because the offer is all cash and close to the current market value, trading is likely to be driven primarily by merger-certainty, closing-risk and the possibility of revised terms.
• Negative Sentiment: Underlying results remain soft: Quarterly revenue declined 5.3% from the prior year, while Beazer swung to a loss from year-ago earnings of $0.26 per share. The company also reported a negative net margin, highlighting continued operating pressure. Beazer Homes quarterly results
• Negative Sentiment: Shareholder investigations add uncertainty: Multiple law firms are investigating whether Beazer’s board fulfilled its fiduciary duties and obtained a fair price in the Dream Finders transaction. Such reviews could create legal costs, delay the merger or pressure the companies to improve deal terms. Halper Sadeh investigation

About Beazer Homes USA

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.