Equity research analysts expect KB Home (NYSE:KBH – Get Rating) to report earnings of $1.97 per share for the current fiscal quarter, according to Zacks. Five analysts have released earnings estimates for KB Home, with the highest EPS estimate of $2.01 and the lowest estimate of $1.90. KB Home reported earnings of $1.50 per share in the same quarter last year, suggesting a positive year-over-year growth rate of 31.3%. The company is expected to announce its next results on Monday, January 1.
According to Zacks, analysts expect KB Home to report annual earnings of $10.18 per share for the current year, with EPS estimates ranging from $9.85 to $10.53. For the next fiscal year, analysts expect the company to post earnings of $10.88 per share, with EPS estimates ranging from $9.50 to $12.24. Zacks Investment Research’s EPS averages are an average average based on a survey of research companies that cover KB Home.
KB Home (NYSE:KBH – Get Rating) last announced its results on Wednesday, March 23. The construction company reported earnings per share of $1.47 for the quarter, missing analyst consensus estimates of $1.56 per ($0.09). The company posted revenue of $1.40 billion for the quarter, versus a consensus estimate of $1.49 billion. KB Home had a return on equity of 20.40% and a net margin of 10.06%. KB Home’s quarterly revenue increased 22.6% year-over-year. During the same period of the previous year, the company achieved EPS of $1.02.
A number of research analysts have recently released reports on the stock. Bank of America upgraded KB Home shares from a “neutral” rating to a “buy” rating and lowered its price target for the company from $56.00 to $53.00 in a Thursday, Jan. 27, report. . They noted that the move was a review call. Zacks Investment Research has downgraded KB Home shares from a “buy” rating to a “hold” rating and set a price target of $39.00 for the stock. in a Wednesday, March 16 research report. Raymond James raised his price target on KB Home shares from $55.00 to $63.00 and gave the company a “Strong Buy” rating in a Friday, Jan. 14 research report. Seaport Res Ptn upgraded KB Home shares from a “neutral” rating to a “buy” rating in a report on Friday, January 21. Finally, Royal Bank of Canada lowered its target price on KB Home shares from $55.00 to $51.00 and set an “outperform” rating on the stock in a Thursday, March 24 report. One equity research analyst gave the stock a sell rating, three gave the company a hold rating, eleven gave the company a buy rating and one gave the company a strong buy rating. According to data from MarketBeat, KB Home currently has a consensus rating of “Buy” and an average price target of $49.42.
NYSE:KBH traded at $1.38 during Friday trading hours, hitting $32.36. The company had a trading volume of 1,549,283 shares, compared to an average volume of 2,768,941 shares. The company has a market capitalization of $2.87 billion, a price/earnings ratio of 4.99, a P/E/G ratio of 0.25 and a beta of 1.71. The company’s 50-day simple moving average is $35.66 and its two-hundred-day simple moving average is $39.78. KB Home has a 12-month low of $30.13 and a 12-month high of $52.48.
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 19. Shareholders of record on Thursday, May 5 will receive a dividend of $0.15. The ex-date of this dividend is Wednesday, May 4. This represents an annualized dividend of $0.60 and a yield of 1.85%. KB Home’s dividend payout ratio (DPR) is currently 9.26%.
Hedge funds and other institutional investors have recently changed their stakes in the company. Kovitz Investment Group Partners LLC purchased a new equity position in KB Home in Q1 for approximately $515,000. Truist Financial Corp increased its holdings of KB Home shares by 9.8% in the first quarter. Truist Financial Corp now owns 9,109 shares of the construction company worth $294,000 after buying 815 more shares in the last quarter. Louisiana State Employees Retirement System increased its stake in KB Home by 1.8% in Q1. Louisiana State Employees Retirement System now owns 22,400 shares of the construction company worth $766,000 after acquiring 400 additional shares during the period. 180 Wealth Advisors LLC increased its position in KB Home shares by 4.5% during the first quarter. 180 Wealth Advisors LLC now owns 10,263 shares of the construction company valued at $350,000 after buying 442 additional shares in the last quarter. Finally, Artemis Investment Management LLP purchased a new equity stake in KB Home during the first quarter valued at approximately $8,452,000. Institutional investors and hedge funds hold 88.20% of the company’s shares.
About KB Home (Get an evaluation)
KB Home operates as a home building company in the United States. It operates through four segments: West Coast, South West, Central and South East. It builds and sells various homes, including single-family attached and detached residential homes, townhouses and condominiums, primarily for first-time, first-time, second-time buyers and working adults.
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