Zacks: Analysts Anticipate KB Home (NYSE:KBH) to Announce $0.83 Earnings Per Share

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Equities research analysts expect KB Home (NYSE:KBH) to announce earnings of $0.83 per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for KB Home’s earnings. The lowest EPS estimate is $0.69 and the highest is $0.96. KB Home posted earnings of $0.87 per share during the same quarter last year, which would indicate a negative year over year growth rate of 4.6%. The company is scheduled to issue its next quarterly earnings report on Tuesday, September 24th.

On average, analysts expect that KB Home will report full-year earnings of $2.63 per share for the current fiscal year, with EPS estimates ranging from $2.29 to $2.95. For the next year, analysts forecast that the business will report earnings of $2.94 per share, with EPS estimates ranging from $2.45 to $3.44. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow KB Home.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Wednesday, June 26th. The construction company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.12. KB Home had a net margin of 6.05% and a return on equity of 13.34%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $933.49 million. During the same period in the prior year, the firm posted $0.57 earnings per share. The company’s quarterly revenue was down 7.4% compared to the same quarter last year.

Several research firms have issued reports on KBH. Wedbush reaffirmed a “neutral” rating and set a $22.00 price target on shares of KB Home in a research report on Thursday, March 21st. Raymond James lowered shares of KB Home from a “market perform” rating to an “underperform” rating and set a $25.82 price target on the stock. in a research report on Tuesday, June 18th. They noted that the move was a valuation call. Buckingham Research upped their price target on shares of KB Home from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th. JPMorgan Chase & Co. raised shares of KB Home from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $20.50 to $23.00 in a research report on Wednesday, April 10th. Finally, Royal Bank of Canada raised shares of KB Home from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $25.00 to $30.00 in a research report on Thursday, May 16th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. KB Home currently has an average rating of “Hold” and an average target price of $26.49.

In other KB Home news, CEO Jeffrey T. Mezger sold 183,257 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $25.41, for a total value of $4,656,560.37. Following the transaction, the chief executive officer now directly owns 1,056,532 shares in the company, valued at $26,846,478.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffrey T. Mezger sold 489,258 shares of the company’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $25.37, for a total transaction of $12,412,475.46. Following the completion of the transaction, the insider now owns 1,056,532 shares in the company, valued at $26,804,216.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 983,838 shares of company stock worth $25,116,916. Corporate insiders own 7.32% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Liberty Wealth Management LLC acquired a new position in shares of KB Home in the fourth quarter valued at $25,000. Quadrant Capital Group LLC grew its stake in shares of KB Home by 2,436.3% in the first quarter. Quadrant Capital Group LLC now owns 2,029 shares of the construction company’s stock valued at $47,000 after acquiring an additional 1,949 shares in the last quarter. Penserra Capital Management LLC acquired a new position in shares of KB Home in the first quarter valued at about $59,000. Quantamental Technologies LLC acquired a new position in shares of KB Home in the first quarter valued at about $70,000. Finally, ETF Managers Group LLC grew its stake in shares of KB Home by 11.2% in the first quarter. ETF Managers Group LLC now owns 5,042 shares of the construction company’s stock valued at $122,000 after acquiring an additional 506 shares in the last quarter. Hedge funds and other institutional investors own 89.53% of the company’s stock.

NYSE KBH traded up $1.76 on Thursday, hitting $25.29. 259,961 shares of the stock were exchanged, compared to its average volume of 1,431,716. The company has a debt-to-equity ratio of 1.04, a current ratio of 5.37 and a quick ratio of 0.98. The business has a fifty day simple moving average of $26.03. KB Home has a 52 week low of $16.82 and a 52 week high of $28.26. The stock has a market capitalization of $2.08 billion, a P/E ratio of 8.98, a PEG ratio of 1.10 and a beta of 1.51.

About KB Home

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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