KB Home (NYSE:KBH) Expected to Post Earnings of $1.31 Per Share

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Equities analysts expect KB Home (NYSE:KBH) to post earnings of $1.31 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for KB Home’s earnings, with the lowest EPS estimate coming in at $1.25 and the highest estimate coming in at $1.35. KB Home posted earnings of $0.96 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 36.5%. The firm is expected to issue its next earnings report on Wednesday, January 8th.

According to Zacks, analysts expect that KB Home will report full year earnings of $2.85 per share for the current financial year, with EPS estimates ranging from $2.79 to $2.89. For the next year, analysts expect that the company will post earnings of $3.46 per share, with EPS estimates ranging from $3.25 to $3.55. Zacks’ earnings per share averages are an average based on a survey of research firms that follow KB Home.

KB Home (NYSE:KBH) last announced its earnings results on Wednesday, September 25th. The construction company reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.07. KB Home had a return on equity of 11.18% and a net margin of 5.58%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the business posted $0.87 earnings per share. The firm’s revenue was down 5.3% on a year-over-year basis.

Several brokerages recently commented on KBH. Barclays upped their target price on KB Home from $34.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, September 26th. Royal Bank of Canada upped their target price on KB Home to $36.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. ValuEngine cut KB Home from a “hold” rating to a “sell” rating in a report on Friday, October 4th. JMP Securities upped their target price on KB Home from $35.00 to $38.00 and gave the company a “market outperform” rating in a report on Thursday, September 26th. Finally, BTIG Research restated a “hold” rating on shares of KB Home in a report on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $32.78.

In other news, CAO William R. Hollinger sold 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $36.15, for a total transaction of $2,169,000.00. Following the transaction, the chief accounting officer now directly owns 220,027 shares of the company’s stock, valued at $7,953,976.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey T. Mezger sold 3,100 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $36.00, for a total value of $111,600.00. Following the transaction, the chief executive officer now directly owns 1,061,326 shares in the company, valued at $38,207,736. The disclosure for this sale can be found here. Insiders have sold a total of 470,643 shares of company stock worth $16,120,743 over the last 90 days. Company insiders own 7.32% of the company’s stock.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of KB Home by 2.1% during the second quarter. Vanguard Group Inc. now owns 8,244,962 shares of the construction company’s stock worth $212,142,000 after purchasing an additional 169,523 shares during the period. Balyasny Asset Management LLC raised its position in shares of KB Home by 666.7% during the second quarter. Balyasny Asset Management LLC now owns 2,881,172 shares of the construction company’s stock worth $74,133,000 after purchasing an additional 2,505,382 shares during the period. Northern Trust Corp raised its position in shares of KB Home by 10.8% during the second quarter. Northern Trust Corp now owns 1,759,883 shares of the construction company’s stock worth $45,282,000 after purchasing an additional 171,242 shares during the period. Millennium Management LLC raised its position in shares of KB Home by 68.1% during the third quarter. Millennium Management LLC now owns 929,694 shares of the construction company’s stock worth $31,609,000 after purchasing an additional 376,477 shares during the period. Finally, Nuveen Asset Management LLC raised its position in shares of KB Home by 804.2% during the second quarter. Nuveen Asset Management LLC now owns 485,166 shares of the construction company’s stock worth $12,483,000 after purchasing an additional 431,512 shares during the period. 89.92% of the stock is currently owned by institutional investors.

KBH stock traded up $0.18 during trading on Wednesday, hitting $34.52. The company had a trading volume of 833,707 shares, compared to its average volume of 1,729,912. The business has a 50-day moving average of $34.95 and a 200-day moving average of $29.63. KB Home has a one year low of $18.24 and a one year high of $37.40. The stock has a market cap of $3.06 billion, a PE ratio of 12.24, a PEG ratio of 1.31 and a beta of 1.27. The company has a current ratio of 4.82, a quick ratio of 0.52 and a debt-to-equity ratio of 0.82.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 28th. Shareholders of record on Thursday, November 7th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date was Wednesday, November 13th. KB Home’s payout ratio is 12.77%.

KB Home Company Profile

KB Home operates as a homebuilding company in the United States. It operates in four segments: West Coast, Southwest, Central, and Southeast. The company 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.

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