Brokerages predict that KB Home (NYSE:KBH) will report sales of $887.09 million for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for KB Home’s earnings, with the lowest sales estimate coming in at $863.34 million and the highest estimate coming in at $931.00 million. KB Home reported sales of $818.60 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.4%. The business is scheduled to issue its next earnings report on Thursday, March 22nd.
According to Zacks, analysts expect that KB Home will report full year sales of $887.09 million for the current fiscal year, with estimates ranging from $4.59 billion to $4.90 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $5.27 billion per share, with estimates ranging from $5.05 billion to $5.54 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow 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 Thomson Reuters’ consensus estimate of $0.77 by $0.07. The business had revenue of $1.40 billion for 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 firm’s revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 EPS.
KBH has been the topic of several research analyst reports. Wedbush downgraded KB Home from an “outperform” rating to a “neutral” rating in a research note on Thursday, October 19th. Credit Suisse Group reissued a “neutral” rating and issued a $38.00 price target (up previously from $31.00) on shares of KB Home in a research note on Monday, January 22nd. They noted that the move was a valuation call. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $27.00 price target (up previously from $25.50) on shares of KB Home in a research note on Tuesday, December 19th. Zacks Investment Research raised KB Home from a “hold” rating to a “strong-buy” rating and set a $39.00 price target on the stock in a research note on Tuesday, January 9th. Finally, Citigroup downgraded KB Home from a “neutral” rating to a “sell” rating and set a $27.00 price target on the stock. in a research note on Tuesday, January 2nd. Six equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $29.07.
Shares of KB Home (NYSE KBH) opened at $30.23 on Tuesday. The company has a market capitalization of $2,610.00, a price-to-earnings ratio of 16.52, a P/E/G 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 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 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 dividend yield of 0.33%. The ex-dividend date is Wednesday, February 7th. KB Home’s dividend payout ratio is 5.46%.
In other news, CFO Jeff Kaminski sold 125,000 shares of the firm’s 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 completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.60% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Martingale Asset Management L P bought a new position in shares of KB Home in the 4th quarter valued at about $1,282,000. Sawgrass Asset Management LLC bought a new position in shares of KB Home in the 4th quarter valued at about $1,151,000. Suntrust Banks Inc. bought a new position in shares of KB Home in the 4th quarter valued at about $208,000. ARP Americas LP bought a new position in shares of KB Home in the 4th quarter valued at about $968,000. Finally, American International Group Inc. grew its holdings in shares of KB Home by 1.3% in the 4th quarter. American International Group Inc. now owns 229,689 shares of the construction company’s stock valued at $7,339,000 after acquiring an additional 2,918 shares in the last quarter. Institutional investors own 97.67% of the company’s stock.
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About KB Home
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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