Beazer Homes USA (BZH) is Downgraded by FBN Securities to Sector Perform, Lowers Price Target to $ 11.50

Beazer Homes USA (BZH) was Downgraded by FBN Securities to ” Sector Perform” while Lowering the Price Target of the company shares to $ 11.50 from a previous price target of $13.50 . Earlier the firm had a rating of “Outperform ” on the company shares. FBN Securities advised their investors in a research report released on Oct 10, 2016.

On the company’s financial health, Beazer Homes USA reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.12. The company had revenue of $459.90 million for the quarter, 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.

Beazer Homes USA closed down -0.28 points or -2.36% at $11.58 with 6,67,469 shares getting traded on Friday. Post opening the session at $11.895, the shares hit an intraday low of $11.52 and an intraday high of $11.93 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Sep 13, 2016, Brian C Beazer (director) purchased 1,000 shares at $11.88 per share price. According to the SEC, on Aug 29, 2016, Stephen P Jr Zelnak (director) purchased 13,649 shares at $10.50 per share price. On May 13, 2016, Robert L. Salomon (CFO) purchased 16,500 shares at $7.43 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 Company’s 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.

Beazer Homes USA

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