Brokerages expect that KB Home (NYSE:KBH) will report $1.28 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have made estimates for KB Home’s earnings. The lowest EPS estimate is $1.19 and the highest is $1.37. KB Home reported earnings per share of $0.55 in the same quarter last year, which would suggest a positive year-over-year growth rate of 132.7%. The firm is expected to announce its next earnings report on Wednesday, June 23rd.
On average, analysts expect that KB Home will report full-year earnings of $5.68 per share for the current fiscal year, with EPS estimates ranging from $5.00 to $6.24. For the next year, analysts forecast that the firm will report earnings of $6.48 per share, with EPS estimates ranging from $5.80 to $7.46. Zacks’ earnings per share averages are an average based on a survey of analysts that cover KB Home.
KB Home (NYSE:KBH) last posted its quarterly earnings data on Tuesday, March 23rd. The construction company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.92 by $0.10. KB Home had a net margin of 7.08% and a return on equity of 11.66%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the firm posted $0.63 earnings per share. KB Home’s quarterly revenue was up 6.1% on a year-over-year basis.
Several brokerages have recently issued reports on KBH. Barclays upped their target price on shares of KB Home from $47.00 to $56.00 and gave the stock an “overweight” rating in a research note on Thursday, March 25th. They noted that the move was a valuation call. Wells Fargo & Company began coverage on shares of KB Home in a research note on Wednesday, April 21st. They issued an “overweight” rating and a $55.00 target price on the stock. Wedbush upgraded shares of KB Home from a “neutral” rating to an “outperform” rating and set a $44.00 target price on the stock in a research note on Wednesday, January 13th. Credit Suisse Group upped their target price on shares of KB Home from $50.00 to $54.00 and gave the stock an “outperform” rating in a research note on Thursday, February 11th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of KB Home from $44.00 to $48.00 and gave the company a “market perform” rating in a report on Thursday, March 25th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. KB Home presently has an average rating of “Buy” and a consensus price target of $46.00.
In related news, CAO William R. Hollinger sold 50,000 shares of the company’s stock in a transaction on Friday, February 12th. The shares were sold at an average price of $44.05, for a total transaction of $2,202,500.00. Following the completion of the transaction, the chief accounting officer now owns 113,984 shares in the company, valued at $5,020,995.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jeff Kaminski sold 25,105 shares of the company’s stock in a transaction on Tuesday, February 9th. The stock was sold at an average price of $43.64, for a total transaction of $1,095,582.20. Following the transaction, the chief financial officer now owns 93,705 shares of the company’s stock, valued at approximately $4,089,286.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 215,382 shares of company stock valued at $9,743,306. Corporate insiders own 5.36% of the company’s stock.
Several large investors have recently modified their holdings of KBH. Brinker Capital Investments LLC bought a new position in shares of KB Home during the third quarter worth $527,000. Virtu Financial LLC bought a new position in shares of KB Home during the third quarter worth $564,000. Wedge Capital Management L L P NC boosted its position in shares of KB Home by 12.0% during the fourth quarter. Wedge Capital Management L L P NC now owns 11,497 shares of the construction company’s stock worth $385,000 after acquiring an additional 1,231 shares during the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of KB Home by 5.5% during the fourth quarter. Crossmark Global Holdings Inc. now owns 7,870 shares of the construction company’s stock worth $264,000 after acquiring an additional 410 shares during the last quarter. Finally, Hennessy Advisors Inc. boosted its position in shares of KB Home by 0.6% during the fourth quarter. Hennessy Advisors Inc. now owns 338,300 shares of the construction company’s stock worth $11,340,000 after acquiring an additional 1,900 shares during the last quarter. Hedge funds and other institutional investors own 86.82% of the company’s stock.
NYSE:KBH traded up $0.04 during mid-day trading on Tuesday, hitting $49.59. 745,630 shares of the company’s stock were exchanged, compared to its average volume of 1,660,071. KB Home has a one year low of $22.63 and a one year high of $50.16. The company has a debt-to-equity ratio of 0.66, a current ratio of 5.16 and a quick ratio of 0.38. The business has a fifty day moving average price of $47.27 and a 200 day moving average price of $40.00. The company has a market cap of $4.56 billion, a PE ratio of 15.84, a P/E/G ratio of 0.59 and a beta of 1.90.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 20th. Stockholders of record on Thursday, May 6th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, May 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.21%. KB Home’s dividend payout ratio (DPR) is presently 19.17%.
KB Home Company Profile
KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.
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