KB Home (NYSE:KBH) will be issuing its quarterly earnings data after the market closes on Thursday, March 22nd. Analysts expect the company to announce earnings of $0.28 per share for the quarter.
KB Home (NYSE:KBH) last released its quarterly earnings results on Wednesday, January 10th. The construction company reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.07. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.36 billion. KB Home had a net margin of 4.13% and a return on equity of 9.93%. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.40 earnings per share. On average, analysts expect KB Home to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
KB Home (KBH) opened at $28.93 on Thursday. The firm has a market cap of $2,510.00, a P/E ratio of 15.81, a PEG ratio of 0.75 and a beta of 1.54. KB Home has a 1-year low of $18.32 and a 1-year high of $38.80. The company has a quick ratio of 1.22, a current ratio of 5.36 and a debt-to-equity ratio of 1.21.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.35%. The ex-dividend date was Wednesday, February 7th. KB Home’s dividend payout ratio (DPR) is presently 5.46%.
KBH has been the subject of several research analyst reports. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $27.00 price target (up previously from $25.50) on shares of KB Home in a report on Tuesday, December 19th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $33.00 price target on shares of KB Home in a report on Friday, December 22nd. Buckingham Research cut shares of KB Home from a “neutral” rating to an “underperform” rating and upped their price target for the company from $28.00 to $34.00 in a report on Friday, January 12th. They noted that the move was a valuation call. Credit Suisse Group reiterated a “neutral” rating and issued a $38.00 price target (up previously from $31.00) on shares of KB Home in a report on Monday, January 22nd. They noted that the move was a valuation call. Finally, Royal Bank of Canada upped their price target on shares of KB Home to $40.00 and gave the company a “sector perform” rating in a report on Monday, January 15th. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $29.07.
In related news, SVP Thomas F. Norton sold 47,179 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $30.32, for a total transaction of $1,430,467.28. Following the completion of the transaction, the senior vice president now owns 103,562 shares in the company, valued at $3,139,999.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jeff Kaminski sold 125,000 shares of the stock in a transaction on 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 completion of the sale, the chief financial officer now owns 237,775 shares of the company’s stock, valued at approximately $7,734,820.75. The disclosure for this sale can be found here. Corporate insiders own 8.60% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “KB Home (KBH) Set to Announce Earnings on Thursday” was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://www.dispatchtribunal.com/2018/03/15/kb-home-kbh-set-to-announce-earnings-on-thursday.html.
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.
Receive News & Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related companies with MarketBeat.com's FREE daily email newsletter.