Equities analysts forecast that KB Home (NYSE:KBH) will announce earnings of $0.30 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for KB Home’s earnings, with estimates ranging from $0.28 to $0.31. KB Home reported earnings of $0.15 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 100%. The firm is expected to report its next quarterly 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 fiscal year, analysts anticipate that the company will post earnings of $3.12 per share, with EPS estimates ranging from $2.88 to $3.34. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms 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 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.07. KB Home had a net margin of 4.13% and a return on equity of 9.93%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the company earned $0.40 earnings per share. KB Home’s revenue for the quarter was up 17.7% on a year-over-year basis.
A number of equities analysts have commented on KBH shares. Buckingham Research lowered KB Home from a “neutral” rating to an “underperform” rating and lifted their price target for the company from $28.00 to $34.00 in a research note on Friday, January 12th. They noted that the move was a valuation call. Royal Bank of Canada lifted their target price on shares of KB Home to $40.00 and gave the stock a “sector perform” rating in a research report on Monday, January 15th. UBS Group lifted their target price on shares of KB Home from $25.00 to $30.00 and gave the stock a “sell” rating in a research report on Wednesday, January 17th. Mizuho set a $35.00 target price on shares of KB Home and gave the stock a “hold” rating in a research report on Thursday, January 18th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $38.00 target price (up previously from $31.00) on shares of KB Home in a research report on Monday, January 22nd. They noted that the move was a valuation call. Six investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. KB Home has an average rating of “Hold” and a consensus target price of $29.07.
In related news, CFO Jeff Kaminski sold 125,000 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $32.53, for a total transaction of $4,066,250.00. Following the transaction, the chief financial officer now directly 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 accessible through the SEC website. 8.60% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the stock. AllSquare Wealth Management LLC purchased a new position in KB Home during the 3rd quarter worth $113,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of KB Home by 83.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,284 shares of the construction company’s stock worth $137,000 after buying an additional 1,947 shares in the last quarter. Strs Ohio acquired a new stake in shares of KB Home during the fourth quarter worth approximately $162,000. Greenwood Capital Associates LLC acquired a new stake in shares of KB Home during the third quarter worth approximately $207,000. Finally, Suntrust Banks Inc. acquired a new stake in shares of KB Home during the fourth quarter worth approximately $208,000. Institutional investors own 98.15% of the company’s stock.
KB Home (KBH) traded up $0.27 during mid-day trading on Friday, reaching $29.42. The company’s stock had a trading volume of 3,587,382 shares, compared to its average volume of 3,013,096. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.22 and a current ratio of 5.36. The company has a market capitalization of $2,560.95, a P/E ratio of 16.08, a price-to-earnings-growth ratio of 0.75 and a beta of 1.48. KB Home has a 12-month low of $15.96 and a 12-month high of $38.80.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend is Wednesday, February 7th. KB Home’s payout ratio is currently 5.46%.
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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