KB Home (KBH) Scheduled to Post Earnings on Thursday
KB Home (NYSE:KBH) will post its quarterly earnings results after the market closes on Thursday, September 28th. Analysts expect KB Home to post earnings of $0.47 per share for the quarter.
KB Home (NYSE:KBH) last posted its quarterly earnings results on Tuesday, June 27th. The construction company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.07. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $929.85 million. KB Home had a net margin of 3.13% and a return on equity of 7.11%. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 earnings per share. On average, analysts expect KB Home to post $1.69 EPS for the current fiscal year and $2.06 EPS for the next fiscal year.
Shares of KB Home (NYSE KBH) opened at 21.115 on Tuesday. KB Home has a 1-year low of $14.06 and a 1-year high of $24.37. The firm has a 50-day moving average of $22.15 and a 200 day moving average of $21.46. The company has a market capitalization of $1.81 billion, a P/E ratio of 16.267 and a beta of 1.60.
A number of equities analysts have commented on KBH shares. Zacks Investment Research cut shares of KB Home from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. Wedbush set a $22.00 price objective on shares of KB Home and gave the stock a “buy” rating in a research note on Thursday, June 15th. Credit Suisse Group started coverage on shares of KB Home in a research note on Thursday, June 22nd. They issued a “neutral” rating and a $23.00 price objective for the company. Royal Bank Of Canada reissued a “sector perform” rating and issued a $25.00 price objective (up from $22.00) on shares of KB Home in a research note on Friday, June 23rd. Finally, Bank of America Corporation lifted their price objective on shares of KB Home from $17.00 to $19.00 and gave the stock an “underperform” rating in a research note on Wednesday, June 28th. Five analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $20.93.
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In related news, insider Jeffrey T. Mezger sold 400,000 shares of KB Home stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $22.81, for a total transaction of $9,124,000.00. Following the completion of the sale, the insider now owns 682,996 shares in the company, valued at approximately $15,579,138.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP William R. Hollinger sold 57,405 shares of KB Home stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $23.19, for a total transaction of $1,331,221.95. Following the sale, the senior vice president now owns 214,306 shares of the company’s stock, valued at approximately $4,969,756.14. The disclosure for this sale can be found here. Insiders have sold a total of 620,422 shares of company stock valued at $14,269,820 in the last quarter. 8.60% of the stock is currently owned by company insiders.
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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