- Beazer Homes USA Inc BZH Board of Directors has approved a new share repurchase program for up to $50 million of its common shares.
- The new authorization replaces a prior share repurchase authorization under which $12 million was remaining.
- The company also reiterated its expectation to achieve a Net Debt to Net Capitalization ratio below 50% and its commitment to bring total debt below $1 billion by the end of fiscal 2022.
- Beazer held $197.3 million in cash and equivalents as of March 31, 2022.
- Price Action: BZH shares are trading higher by 0.69% at $14.49 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
