KB Home (NYSE:KBH) – Research analysts at KeyCorp issued their Q2 2018 earnings per share (EPS) estimates for KB Home in a note issued to investors on Wednesday. KeyCorp analyst K. Zener expects that the construction company will earn $0.68 per share for the quarter. KeyCorp also issued estimates for KB Home’s FY2018 earnings at $2.66 EPS.
KB Home (NYSE:KBH) last released its quarterly earnings data on Wednesday, January 10th. The construction company reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the firm earned $0.40 earnings per share. The company’s quarterly revenue was up 17.7% on a year-over-year basis.
A number of other equities analysts also recently issued reports on the stock. ValuEngine upgraded shares of KB Home from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Buckingham Research upgraded shares of KB Home from an “underperform” rating to a “neutral” rating and set a $34.00 price objective on the stock in a research note on Friday, January 26th. They noted that the move was a valuation call. Credit Suisse Group reiterated a “neutral” rating and set a $38.00 price objective (up 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. Mizuho set a $35.00 price objective on shares of KB Home and gave the company a “hold” rating in a research note on Thursday, January 18th. Finally, UBS Group increased their price objective on shares of KB Home from $25.00 to $30.00 and gave the company a “sell” rating in a research note on Wednesday, January 17th. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $29.07.
KB Home (NYSE:KBH) opened at $30.45 on Monday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.22 and a current ratio of 5.36. KB Home has a one year low of $15.96 and a one year high of $38.80. The stock has a market cap of $2,631.47, a P/E ratio of 16.64, a PEG ratio of 0.77 and a beta of 1.48.
The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $0.10 annualized dividend and a yield of 0.33%. KB Home’s dividend payout ratio (DPR) is 5.46%.
In other KB Home news, CFO Jeff Kaminski sold 125,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $32.53, for a total value of $4,066,250.00. Following the completion of the sale, the chief financial officer now directly owns 237,775 shares in the company, valued at $7,734,820.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 8.60% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its stake in KB Home by 348.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,821,700 shares of the construction company’s stock valued at $58,203,000 after acquiring an additional 1,415,300 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new stake in KB Home in the fourth quarter valued at approximately $5,962,000. Amundi Pioneer Asset Management Inc. acquired a new stake in KB Home in the fourth quarter valued at approximately $640,000. Bogle Investment Management L P DE acquired a new stake in KB Home in the fourth quarter valued at approximately $14,954,000. Finally, Mackenzie Financial Corp purchased a new position in shares of KB Home in the fourth quarter worth $3,409,000. Institutional investors own 97.67% 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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