Beazer Homes USA (BZH) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.18 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.12. The company posted revenue of $459.90 million in the period, compared to analysts expectations of $438.27 million. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.
Many Wall Street Analysts have commented on Beazer Homes USA. Shares were Downgraded by UBS on May 4, 2016 to ” Neutral” and Lowered the Price Target to $ 8 from a previous price target of $12 .
Beazer Homes USA opened for trading at $9.43 and hit $9.72 on the upside on Thursday, eventually ending the session at $9.52, with a gain of 3.37% or 0.31 points. The heightened volatility saw the trading volume jump to 20,70,757 shares. Company has a market cap of $315 M.
In a different news, on May 13, 2016, Robert L. Salomon (CFO) purchased 16,500 shares at $7.43 per share price. According to the SEC, on May 11, 2016, Allan P Merrill (CEO) purchased 5,000 shares at $7.53 per share price. On May 6, 2016, Stephen P Jr Zelnak (director) purchased 55,000 shares at $7.25 per share price, according to the Form-4 filing with the securities and exchange commission.
Beazer Homes USA Inc. is a diversified homebuilder with operations in 16 states within three geographic regions in the United States: West East and Southeast. The Companys homes are designed to appeal to homeowners at various price points across various demographic segments and are generally offered for sale in advance of their construction. It has three homebuilding segments: West which includes Arizona California Nevada and Texas; East which includes Delaware Indiana Maryland New Jersey New York Pennsylvania Tennessee (Nashville) and Virginia; and Southeast which includes Florida Georgia North Carolina (Raleigh) and South Carolina. The Company partners with Moen Certain Teed and DuPont Tyvek. The Company provides information about the active communities through its Internet Website located atwww.beazer.com.