KB Home (KBH) Expected to Announce Earnings of $0.77 Per Share
Analysts expect KB Home (NYSE:KBH) to report $0.77 earnings per share for the current quarter, Zacks reports. Six analysts have provided estimates for KB Home’s earnings, with the highest EPS estimate coming in at $0.79 and the lowest estimate coming in at $0.75. KB Home reported earnings per share of $0.40 in the same quarter last year, which suggests a positive year over year growth rate of 92.5%. The business is scheduled to issue its next quarterly earnings report on Wednesday, January 10th.
On average, analysts expect that KB Home will report full year earnings of $1.77 per share for the current financial year, with EPS estimates ranging from $1.74 to $1.80. For the next financial year, analysts forecast that the company will report earnings of $2.17 per share, with EPS estimates ranging from $2.05 to $2.26. Zacks’ EPS calculations are an average based on a survey of research firms that follow KB Home.
KB Home (NYSE:KBH) last issued its earnings results on Thursday, September 28th. The construction company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.04. KB Home had a net margin of 3.22% and a return on equity of 7.57%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the business earned $0.42 EPS. The firm’s revenue was up 24.8% on a year-over-year basis.
Several analysts have recently weighed in on KBH shares. Zacks Investment Research lowered shares of KB Home from a “buy” rating to a “hold” rating in a research report on Tuesday, September 5th. MKM Partners restated a “neutral” rating on shares of KB Home in a research report on Tuesday, September 5th. Royal Bank Of Canada restated a “hold” rating and issued a $25.00 price target on shares of KB Home in a research report on Tuesday, August 29th. Wedbush restated an “ourperform” rating and issued a $26.00 price target on shares of KB Home in a research report on Saturday, September 16th. Finally, Keefe, Bruyette & Woods set a $24.00 price target on shares of KB Home and gave the company a “hold” rating in a research report on Saturday, August 19th. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $22.44.
Shares of KB Home (KBH) traded down $0.27 during trading on Thursday, hitting $28.38. 1,903,004 shares of the stock traded hands, compared to its average volume of 2,550,830. KB Home has a 1-year low of $15.03 and a 1-year high of $29.00. The firm has a market cap of $2,450.00, a price-to-earnings ratio of 20.61, a P/E/G ratio of 0.83 and a beta of 1.66.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Thursday, November 2nd will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend is Wednesday, November 1st. KB Home’s dividend payout ratio (DPR) is 7.19%.
In related news, EVP Albert Z. Praw sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $25.85, for a total transaction of $3,877,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brian J. Woram sold 49,529 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $27.11, for a total transaction of $1,342,731.19. The disclosure for this sale can be found here. Insiders own 8.60% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Creative Planning raised its stake in shares of KB Home by 34.9% during the second quarter. Creative Planning now owns 4,289 shares of the construction company’s stock worth $103,000 after buying an additional 1,110 shares during the last quarter. AllSquare Wealth Management LLC bought a new stake in KB Home in the third quarter valued at approximately $113,000. LS Investment Advisors LLC increased its stake in KB Home by 18.0% in the second quarter. LS Investment Advisors LLC now owns 6,511 shares of the construction company’s stock valued at $156,000 after purchasing an additional 991 shares in the last quarter. Victory Capital Management Inc. increased its stake in KB Home by 17.6% in the second quarter. Victory Capital Management Inc. now owns 8,288 shares of the construction company’s stock valued at $199,000 after purchasing an additional 1,241 shares in the last quarter. Finally, Yorktown Management & Research Co Inc bought a new stake in KB Home in the second quarter valued at approximately $201,000. 97.58% of the stock is owned by institutional investors and hedge funds.
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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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