Analysts forecast that KB Home (NYSE:KBH) will announce sales of $921.82 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for KB Home’s earnings, with estimates ranging from $904.00 million to $944.31 million. KB Home reported sales of $811.05 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.7%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, June 20th.
According to Zacks, analysts expect that KB Home will report full-year sales of $921.82 million for the current fiscal year, with estimates ranging from $4.16 billion to $4.37 billion. For the next financial year, analysts forecast that the company will report sales of $4.80 billion per share, with estimates ranging from $4.64 billion to $5.25 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow KB Home.
KB Home (NYSE:KBH) last released its earnings results on Thursday, March 23rd. The construction company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.02. The company had revenue of $818.60 million during the quarter, compared to analyst estimates of $797.78 million. KB Home had a return on equity of 6.35% and a net margin of 2.94%. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 earnings per share.
Several equities analysts have recently issued reports on KBH shares. Deutsche Bank AG boosted their price target on shares of KB Home from $17.00 to $20.00 and gave the company a “hold” rating in a report on Wednesday, March 29th. Zacks Investment Research raised shares of KB Home from a “sell” rating to a “hold” rating and set a $22.00 price target for the company in a report on Monday, March 27th. Wedbush reissued an “outperform” rating and issued a $22.00 price target on shares of KB Home in a report on Friday, March 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $21.00 price target (up previously from $17.00) on shares of KB Home in a report on Friday, March 24th. Finally, Raymond James Financial, Inc. raised shares of KB Home from an “underperform” rating to a “market perform” rating in a research note on Thursday, April 13th. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. KB Home presently has an average rating of “Hold” and a consensus price target of $17.75.
In other KB Home news, SVP Thomas F. Norton sold 45,000 shares of the business’s stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of $19.81, for a total transaction of $891,450.00. Following the sale, the senior vice president now directly owns 106,429 shares of the company’s stock, valued at approximately $2,108,358.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 8.60% of the company’s stock.
A number of large investors have recently modified their holdings of KBH. Flinton Capital Management LLC boosted its stake in shares of KB Home by 22.6% in the first quarter. Flinton Capital Management LLC now owns 5,542 shares of the construction company’s stock valued at $110,000 after buying an additional 1,020 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of KB Home by 10.5% in the first quarter. Envestnet Asset Management Inc. now owns 6,749 shares of the construction company’s stock valued at $134,000 after buying an additional 639 shares during the period. Victory Capital Management Inc. boosted its stake in shares of KB Home by 40.2% in the first quarter. Victory Capital Management Inc. now owns 7,047 shares of the construction company’s stock valued at $140,000 after buying an additional 2,020 shares during the period. Lazard Asset Management LLC boosted its stake in shares of KB Home by 28.7% in the first quarter. Lazard Asset Management LLC now owns 9,418 shares of the construction company’s stock valued at $187,000 after buying an additional 2,100 shares during the period. Finally, Hartwell J M Limited Partnership acquired a new stake in shares of KB Home during the first quarter valued at approximately $209,000. 95.74% of the stock is currently owned by hedge funds and other institutional investors.
KB Home (NYSE KBH) traded down 0.51% during mid-day trading on Thursday, hitting $21.27. The stock had a trading volume of 725,308 shares. The company has a market cap of $1.81 billion, a P/E ratio of 18.66 and a beta of 1.93. KB Home has a 1-year low of $13.66 and a 1-year high of $21.97. The company has a 50-day moving average price of $20.94 and a 200 day moving average price of $18.31.
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 18th. Shareholders of record on Thursday, May 4th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Tuesday, May 2nd. This represents a $0.10 annualized dividend and a yield of 0.47%. KB Home’s dividend payout ratio (DPR) is presently 8.85%.
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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