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Beazer Homes USA (NYSE:BZH) Sets New 52-Week High on Better-Than-Expected Earnings

Beazer Homes USA, Inc. (NYSE:BZH - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday following a better than expected earnings announcement. The stock traded as high as $32.58 and last traded at $32.06, with a volume of 716350 shares changing hands. The stock had previously closed at $27.74.The construction company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.54. Beazer Homes USA had a net margin of 8.54% and a return on equity of 21.32%. The business...