Wall Street brokerages expect that KB Home (NYSE:KBH) will post earnings per share (EPS) of $0.50 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for KB Home’s earnings. The lowest EPS estimate is $0.44 and the highest is $0.61. KB Home reported earnings per share of $0.33 during the same quarter last year, which would suggest a positive year-over-year growth rate of 51.5%. The company is expected to report its next quarterly earnings report on Tuesday, June 26th.
On average, analysts expect that KB Home will report full-year earnings of $2.79 per share for the current financial year, with EPS estimates ranging from $2.60 to $3.10. For the next year, analysts expect that the firm will post earnings of $3.32 per share, with EPS estimates ranging from $3.10 to $4.09. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that cover KB Home.
KB Home (NYSE:KBH) last posted its quarterly earnings results on Thursday, March 22nd. The construction company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.11. KB Home had a net margin of 2.15% and a return on equity of 11.16%. The business had revenue of $871.60 million for the quarter, compared to analysts’ expectations of $878.77 million. During the same period in the prior year, the company posted $0.15 EPS. The business’s revenue for the quarter was up 6.5% on a year-over-year basis.
A number of research firms have recently weighed in on KBH. Credit Suisse Group reaffirmed a “neutral” rating and set a $31.00 price target (up from $25.00) on shares of KB Home in a research note on Thursday, January 11th. Zacks Investment Research raised shares of 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. ValuEngine raised shares of KB Home from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Barclays set a $27.00 price target on shares of KB Home and gave the stock an “underweight” rating in a research note on Friday, March 23rd. Finally, Wedbush upped their price target on shares of KB Home from $28.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, December 29th. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. KB Home currently has a consensus rating of “Hold” and an average price target of $29.69.
In related news, CFO Jeff Kaminski sold 125,000 shares of the stock in a transaction dated 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 sale, the chief financial officer now directly owns 237,775 shares of the company’s stock, valued at approximately $7,734,820.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Thomas F. Norton sold 47,179 shares of the stock in a transaction dated 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 sale, the senior vice president now directly owns 103,562 shares in the company, valued at $3,139,999.84. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of KBH. Teachers Advisors LLC boosted its stake in shares of KB Home by 1.1% during the 4th quarter. Teachers Advisors LLC now owns 156,448 shares of the construction company’s stock worth $4,999,000 after purchasing an additional 1,676 shares during the last quarter. SignalPoint Asset Management LLC boosted its stake in shares of KB Home by 6.3% during the 4th quarter. SignalPoint Asset Management LLC now owns 30,886 shares of the construction company’s stock worth $987,000 after purchasing an additional 1,835 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of KB Home by 83.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,284 shares of the construction company’s stock worth $137,000 after purchasing an additional 1,947 shares during the last quarter. ING Groep NV boosted its stake in shares of KB Home by 24.4% during the 4th quarter. ING Groep NV now owns 12,701 shares of the construction company’s stock worth $406,000 after purchasing an additional 2,495 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of KB Home by 1.5% during the 3rd quarter. Rhumbline Advisers now owns 174,535 shares of the construction company’s stock worth $4,210,000 after purchasing an additional 2,649 shares during the last quarter. 95.66% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:KBH traded down $0.83 on Tuesday, reaching $29.08. 1,610,771 shares of the company were exchanged, compared to its average volume of 2,175,487. The company has a quick ratio of 0.26, a current ratio of 1.37 and a debt-to-equity ratio of 1.21. KB Home has a 1-year low of $19.72 and a 1-year high of $38.80. The stock has a market cap of $2,523.04, a PE ratio of 15.72, a price-to-earnings-growth ratio of 0.64 and a beta of 1.43.
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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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