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

Equities research analysts expect KB Home (NYSE:KBH) to post earnings of $1.31 per share for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for KB Home’s earnings, with the highest EPS estimate coming in at $1.35 and the lowest estimate coming in at $1.25. KB Home reported earnings per share of $0.96 in the same quarter last year, which suggests a positive year over year growth rate of 36.5%. The company is scheduled to report its next earnings results 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 fiscal year, with EPS estimates ranging from $2.79 to $2.89. For the next year, analysts anticipate that the company will report earnings of $3.46 per share, with EPS estimates ranging from $3.25 to $3.55. Zacks’ EPS averages are an average based on a survey of research analysts that follow KB Home.

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

A number of research firms have commented on KBH. Bank of America lifted their price objective on shares of KB Home from $33.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. JMP Securities lifted their price objective on shares of KB Home from $35.00 to $38.00 and gave the stock a “market outperform” rating in a research report on Thursday, September 26th. Seaport Global Securities cut shares of KB Home from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. Wedbush reaffirmed a “neutral” rating and set a $32.00 price objective (up from $25.00) on shares of KB Home in a research report on Thursday, September 26th. Finally, BTIG Research reaffirmed a “hold” rating on shares of KB Home in a research report on Thursday, September 26th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. KB Home has an average rating of “Hold” and a consensus price target of $32.78.

In related news, CEO Jeffrey T. Mezger sold 3,100 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $36.00, for a total value of $111,600.00. Following the completion of the transaction, the chief executive officer now owns 1,061,326 shares of the company’s stock, valued at $38,207,736. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Jeff Kaminski sold 13,657 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $36.26, for a total value of $495,202.82. Following the completion of the transaction, the chief financial officer now directly owns 112,033 shares of the company’s stock, valued at approximately $4,062,316.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 470,643 shares of company stock valued at $16,120,743. 7.32% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the stock. Balyasny Asset Management LLC grew its position in KB Home by 666.7% in the second quarter. Balyasny Asset Management LLC now owns 2,881,172 shares of the construction company’s stock valued at $74,133,000 after acquiring an additional 2,505,382 shares during the last quarter. Nuveen Asset Management LLC grew its position in KB Home by 804.2% in the second quarter. Nuveen Asset Management LLC now owns 485,166 shares of the construction company’s stock valued at $12,483,000 after acquiring an additional 431,512 shares during the last quarter. Millennium Management LLC grew its position in KB Home by 68.1% in the third quarter. Millennium Management LLC now owns 929,694 shares of the construction company’s stock valued at $31,609,000 after acquiring an additional 376,477 shares during the last quarter. Luxor Capital Group LP bought a new position in KB Home in the third quarter valued at about $11,057,000. Finally, Invesco Ltd. grew its position in KB Home by 132.1% in the second quarter. Invesco Ltd. now owns 418,082 shares of the construction company’s stock valued at $10,757,000 after acquiring an additional 237,966 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

KBH stock traded up $0.18 during midday trading on Wednesday, reaching $34.52. 833,707 shares of the company were exchanged, compared to its average volume of 1,729,912. The company has a debt-to-equity ratio of 0.82, a current ratio of 4.82 and a quick ratio of 0.52. The business has a 50-day moving average price of $34.95 and a two-hundred day moving average price of $29.63. KB Home has a one year low of $18.24 and a one year high of $37.40. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 12.24, a price-to-earnings-growth ratio of 1.31 and a beta of 1.27.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 28th. Investors of record on Thursday, November 7th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Wednesday, November 13th. KB Home’s dividend payout ratio (DPR) is presently 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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Earnings History and Estimates for KB Home (NYSE:KBH)

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