Analysts expect that KB Home (NYSE:KBH) will post $0.30 earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have provided estimates for KB Home’s earnings. The lowest EPS estimate is $0.28 and the highest is $0.31. KB Home posted earnings of $0.15 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 100%. The business is expected to report its next earnings report on Thursday, March 22nd.
On average, analysts expect that KB Home will report full-year earnings of $2.60 per share for the current financial year, with EPS estimates ranging from $2.05 to $2.78. For the next financial year, analysts forecast that the business will post earnings of $3.12 per share, with EPS estimates ranging from $2.88 to $3.34. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover KB Home.
KB Home (NYSE:KBH) last posted its quarterly earnings data on Wednesday, January 10th. The construction company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.36 billion. KB Home had a return on equity of 9.93% and a net margin of 4.13%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period last year, the firm earned $0.40 EPS.
Several equities analysts recently issued reports on the company. ValuEngine raised KB Home from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Buckingham Research upgraded KB Home from an “underperform” rating to a “neutral” rating and set a $34.00 target price on the stock in a report on Friday, January 26th. They noted that the move was a valuation call. Credit Suisse Group reiterated a “neutral” rating and issued a $38.00 target price (up previously from $31.00) on shares of KB Home in a report on Monday, January 22nd. They noted that the move was a valuation call. Mizuho set a $35.00 price objective on KB Home and gave the stock a “hold” rating in a research note on Thursday, January 18th. Finally, UBS Group boosted their price objective on KB Home from $25.00 to $30.00 and gave the stock a “sell” rating in a research note on Wednesday, January 17th. Six research analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $29.07.
In other news, CFO Jeff Kaminski sold 125,000 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $32.53, for a total transaction of $4,066,250.00. Following the completion of the sale, the chief financial officer now owns 237,775 shares in the company, valued at approximately $7,734,820.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Thomas F. Norton sold 47,179 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $30.32, for a total value of $1,430,467.28. Following the sale, the senior vice president now owns 103,562 shares of the company’s stock, valued at approximately $3,139,999.84. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in the company. Vanguard Capital Wealth Advisors acquired a new stake in shares of KB Home during the 4th quarter valued at $262,000. MetLife Investment Advisors LLC acquired a new stake in shares of KB Home during the 4th quarter valued at $2,909,000. PEAK6 Investments L.P. lifted its position in shares of KB Home by 77.7% during the 4th quarter. PEAK6 Investments L.P. now owns 22,035 shares of the construction company’s stock valued at $704,000 after acquiring an additional 9,635 shares during the last quarter. Millennium Management LLC lifted its position in shares of KB Home by 1.2% during the 4th quarter. Millennium Management LLC now owns 1,038,262 shares of the construction company’s stock valued at $33,172,000 after acquiring an additional 12,757 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in KB Home by 81.9% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,509 shares of the construction company’s stock valued at $336,000 after purchasing an additional 4,732 shares during the period. Institutional investors own 97.67% of the company’s stock.
KB Home (NYSE KBH) traded up $0.42 on Friday, hitting $31.64. The stock had a trading volume of 1,495,611 shares, compared to its average volume of 2,924,628. The firm has a market cap of $2,754.20, a PE ratio of 17.29, a P/E/G ratio of 0.80 and a beta of 1.48. KB Home has a 1-year low of $16.45 and a 1-year high of $38.80. The company has a quick ratio of 1.22, a current ratio of 5.36 and a debt-to-equity ratio of 1.21.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.32%. KB Home’s dividend payout ratio (DPR) is presently 5.46%.
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KB Home Company Profile
KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.
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