Beazer Homes USA (BZH) NewsBite - BZH Rises on Q4 Profit
Posted: Tuesday, November 10, 2009 10:01 AM EDT
By: Market Intelligence Center Staff
Beazer Homes USA (NYSE: BZH) opened at $5.09. So far today, the stock has hit a low of $5.07 and a high of $5.44. BZH is now trading at $5.35, up $0.66 (14.07%). Over the last 52 weeks the stock has ranged from a low of $.24 to a high of $6.93. BZH reported a fourth-quarter profit this morning of $33.8 million, or 84 cents per share, on revenue of $376.35 million. BZH reported an adjusted loss of 87 cents per share, beating analysts' forecasts of a $1.24 loss per share on revenue of $338.29 million. Technical indicators for the stock are neutral and S&P gives BZH a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on BZH the stock seems like it could be a candidate for a May covered call above the 5 range. [ABR-Seven Summits Strategic Investments NewsBite]
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