KB Home (NYSE:KBH) – Research analysts at Wedbush decreased their Q3 2020 earnings estimates for shares of KB Home in a research report issued on Thursday, June 25th. Wedbush analyst J. Mccanless now anticipates that the construction company will earn $0.50 per share for the quarter, down from their previous forecast of $0.59. Wedbush has a “Neutral” rating and a $31.00 price objective on the stock. Wedbush also issued estimates for KB Home’s Q4 2020 earnings at $0.94 EPS, FY2020 earnings at $2.63 EPS, Q1 2021 earnings at $0.47 EPS, Q2 2021 earnings at $0.69 EPS and Q3 2021 earnings at $0.88 EPS.
KB Home (NYSE:KBH) last posted its quarterly earnings data on Wednesday, June 24th. The construction company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. KB Home had a return on equity of 12.82% and a net margin of 6.43%. The firm had revenue of $913.97 million during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the company earned $0.51 EPS. The firm’s revenue was down 10.6% compared to the same quarter last year.
Other research analysts also recently issued reports about the company. Credit Suisse Group started coverage on KB Home in a research note on Wednesday, May 27th. They issued an “outperform” rating and a $36.00 price objective for the company. Barclays reissued a “buy” rating on shares of KB Home in a research note on Sunday. Evercore ISI downgraded KB Home from an “outperform” rating to an “in-line” rating and cut their target price for the stock from $39.00 to $33.00 in a research note on Thursday, June 25th. ValuEngine downgraded KB Home from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 25th. Finally, Royal Bank of Canada cut their target price on KB Home from $34.00 to $33.00 and set a “sector perform” rating for the company in a research note on Thursday, June 25th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $33.72.
NYSE KBH opened at $29.96 on Monday. The business has a fifty day moving average price of $31.49 and a 200 day moving average price of $30.35. KB Home has a one year low of $9.82 and a one year high of $40.51. The company has a market cap of $2.78 billion, a P/E ratio of 9.30, a P/E/G ratio of 1.75 and a beta of 1.94.
Large investors have recently modified their holdings of the stock. First Mercantile Trust Co. acquired a new stake in shares of KB Home during the 1st quarter worth about $26,000. Verus Capital Partners LLC acquired a new stake in shares of KB Home during the 1st quarter worth about $27,000. Accurate Investment Solutions Inc. purchased a new position in KB Home during the 1st quarter valued at about $36,000. Eudaimonia Partners LLC purchased a new position in KB Home during the 1st quarter valued at about $42,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in KB Home by 286.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,683 shares of the construction company’s stock valued at $49,000 after acquiring an additional 1,988 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.
KB Home Company Profile
KB Home operates as a homebuilding company in the United States. It operates in four segments: West Coast, Southwest, Central, and Southeast. The company builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers.
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