Wall Street brokerages expect that KB Home (NYSE:KBH) will post sales of $1.05 billion for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for KB Home’s earnings, with the highest sales estimate coming in at $1.11 billion and the lowest estimate coming in at $1.01 billion. KB Home reported sales of $1.00 billion during the same quarter last year, which indicates a positive year over year growth rate of 5%. The business is expected to issue its next quarterly earnings results on Tuesday, June 26th.
According to Zacks, analysts expect that KB Home will report full year sales of $4.72 billion for the current year, with estimates ranging from $4.59 billion to $4.99 billion. For the next fiscal year, analysts anticipate that the business will report sales of $5.30 billion per share, with estimates ranging from $5.13 billion to $5.96 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover KB Home.
KB Home (NYSE:KBH) last released its earnings results on Thursday, March 22nd. The construction company reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.11. KB Home had a return on equity of 11.16% and a net margin of 2.15%. The company had revenue of $871.60 million during the quarter, compared to analysts’ expectations of $878.77 million. During the same period in the prior year, the business posted $0.15 EPS. The business’s revenue was up 6.5% on a year-over-year basis.
KBH has been the topic of a number of recent research reports. ValuEngine cut KB Home from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research upgraded KB Home from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Tuesday, March 27th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $34.00 price target on shares of KB Home in a report on Wednesday, March 21st. Mizuho set a $35.00 price target on KB Home and gave the company a “hold” rating in a report on Thursday, January 18th. Finally, Deutsche Bank lowered their price target on KB Home from $36.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, April 9th. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. KB Home has an average rating of “Hold” and a consensus target price of $30.25.
KBH stock traded up $0.14 during mid-day trading on Wednesday, reaching $25.34. The company had a trading volume of 2,525,895 shares, compared to its average volume of 2,294,197. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 0.58 and a beta of 1.43. KB Home has a one year low of $24.68 and a one year high of $25.54.
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 17th. Investors of record on Thursday, May 3rd will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend is Wednesday, May 2nd. KB Home’s payout ratio is currently 5.41%.
A number of large investors have recently added to or reduced their stakes in the stock. Teachers Advisors LLC grew its holdings in KB Home by 1.1% during the fourth quarter. Teachers Advisors LLC now owns 156,448 shares of the construction company’s stock worth $4,999,000 after acquiring an additional 1,676 shares during the period. SignalPoint Asset Management LLC grew its holdings in KB Home by 6.3% during the fourth quarter. SignalPoint Asset Management LLC now owns 30,886 shares of the construction company’s stock worth $987,000 after acquiring an additional 1,835 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in KB Home by 83.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,284 shares of the construction company’s stock worth $137,000 after acquiring an additional 1,947 shares during the period. New York State Common Retirement Fund grew its holdings in KB Home by 1.3% during the first quarter. New York State Common Retirement Fund now owns 171,413 shares of the construction company’s stock worth $4,877,000 after acquiring an additional 2,228 shares during the period. Finally, ING Groep NV grew its holdings in KB Home by 24.4% during the fourth quarter. ING Groep NV now owns 12,701 shares of the construction company’s stock worth $406,000 after acquiring an additional 2,495 shares during the period. 93.36% of the stock is currently owned by hedge funds and other institutional investors.
KB Home Company Profile
KB Home operates as a homebuilding company in the United States. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers. The company also provides property and casualty insurance, as well as earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, including residential mortgage loan originations to its homebuyers.
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