Revenue Update on Beazer Homes USA(NYSE:BZH)

Beazer Homes USA(NYSE:BZH) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $459.94M. Analysts estimated a revenue of $435.58M. Earnings per share were $0.19. Analysts had estimated an EPS of $0.11.

In a different note, On May 3, 2016, UBS said it Downgrades its rating on Beazer Homes USA. The shares have been rated ‘Neutral’ by the firm.

Beazer Homes USA (BZH) shares turned negative on Thursdays trading session with the shares closing down -0.1 points or -1.04% at a volume of 6,28,855. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $9.68. The peak price level was also seen at $9.68 while the days lowest was $9.43. Finally the shares closed at $9.52. The 52-week high of the shares is $18.98 while the 52-week low is $6.07. According to the latest information available, the market cap of the company is $315 M.

Several Insider Transactions has been reported to the SEC. On May 13, 2016, Robert L. Salomon (CFO) purchased 16,500 shares at $7.43 per share price.Also, 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 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

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