Analysts expect KB Home (NYSE:KBH) to announce earnings of $0.30 per share for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for KB Home’s earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.28. KB Home posted earnings of $0.15 per share during the same quarter last year, which would suggest a positive year over year growth rate of 100%. The business is expected to issue its next quarterly earnings results after the market closes on Thursday, March 22nd.
On average, analysts expect that KB Home will report full-year earnings of $2.60 per share for the current year, with EPS estimates ranging from $2.05 to $2.78. For the next fiscal year, analysts expect that the firm will report earnings of $3.12 per share, with EPS estimates ranging from $2.88 to $3.34. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for KB Home.
KB Home (NYSE:KBH) last issued its quarterly earnings data on Wednesday, January 10th. The construction company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.77 by $0.07. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.36 billion. KB Home had a return on equity of 9.93% and a net margin of 4.13%. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 earnings per share.
Several research firms recently issued reports on KBH. ValuEngine raised KB Home from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 7th. Zacks Investment Research lowered KB Home from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. Credit Suisse Group reissued a “neutral” rating and set a $31.00 price objective (up previously from $25.00) on shares of KB Home in a research note on Thursday, January 11th. Mizuho set a $35.00 price objective on KB Home and gave the company a “hold” rating in a research note on Thursday, January 18th. Finally, Wedbush lifted their price objective on KB Home from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, December 29th. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. KB Home presently has an average rating of “Hold” and an average price target of $29.07.
KB Home (NYSE:KBH) traded up $0.36 during trading hours on Friday, reaching $29.03. The company had a trading volume of 608,174 shares, compared to its average volume of 2,554,653. The company has a market capitalization of $2,485.73, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 0.73 and a beta of 1.54. KB Home has a 12 month low of $18.73 and a 12 month 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 company also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th were given a dividend of $0.025 per share. The ex-dividend date was Wednesday, February 7th. This represents a $0.10 dividend on an annualized basis and a yield of 0.34%. KB Home’s payout ratio is 5.46%.
In other news, CFO Jeff Kaminski sold 125,000 shares of KB Home stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $32.53, for a total value of $4,066,250.00. Following the transaction, the chief financial officer now owns 237,775 shares in the company, valued at $7,734,820.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Thomas F. Norton sold 47,179 shares of KB Home stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $30.32, for a total value of $1,430,467.28. Following the completion of the transaction, the senior vice president now owns 103,562 shares in the company, valued at approximately $3,139,999.84. The disclosure for this sale can be found here. Company insiders own 8.60% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Swiss National Bank increased its holdings in shares of KB Home by 2.9% in the fourth quarter. Swiss National Bank now owns 129,400 shares of the construction company’s stock worth $4,134,000 after buying an additional 3,700 shares during the period. Prudential Financial Inc. increased its holdings in shares of KB Home by 1.0% in the third quarter. Prudential Financial Inc. now owns 693,448 shares of the construction company’s stock worth $16,726,000 after buying an additional 6,570 shares during the period. Foundry Partners LLC increased its holdings in shares of KB Home by 3.3% in the fourth quarter. Foundry Partners LLC now owns 682,170 shares of the construction company’s stock worth $21,795,000 after buying an additional 21,749 shares during the period. Piedmont Investment Advisors LLC purchased a new position in shares of KB Home in the third quarter worth about $1,041,000. Finally, American International Group Inc. increased its holdings in shares of KB Home by 3.0% in the third quarter. American International Group Inc. now owns 226,771 shares of the construction company’s stock worth $5,470,000 after buying an additional 6,581 shares during the period. Hedge funds and other institutional investors own 95.66% of the company’s stock.
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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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