KB Home (KBH) to Post Q2 2018 Earnings of $0.46 Per Share, Wedbush Forecasts

KB Home (NYSE:KBH) – Equities researchers at Wedbush lifted their Q2 2018 earnings estimates for KB Home in a research report issued to clients and investors on Monday. Wedbush analyst J. Mccanless now forecasts that the construction company will earn $0.46 per share for the quarter, up from their previous forecast of $0.40. Wedbush currently has a “Neutral” rating on the stock.

Other research analysts have also recently issued research reports about the stock. BTIG Research reiterated a “sell” rating and issued a $16.00 target price on shares of KB Home in a research note on Monday, October 2nd. Royal Bank Of Canada reiterated a “hold” rating and issued a $25.00 target price on shares of KB Home in a research note on Tuesday, August 29th. UBS AG assumed coverage on shares of KB Home in a research note on Wednesday, October 25th. They issued a “sell” rating and a $24.00 target price for the company. Zacks Investment Research cut shares of KB Home from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. Finally, Keefe, Bruyette & Woods set a $24.00 target price on shares of KB Home and gave the company a “hold” rating in a research note on Saturday, August 19th. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. KB Home has a consensus rating of “Hold” and an average price target of $22.44.

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Shares of KB Home (NYSE:KBH) opened at $28.91 on Thursday. The firm has a market capitalization of $2,450.00, a P/E ratio of 20.61, a price-to-earnings-growth ratio of 0.83 and a beta of 1.66. KB Home has a 1-year low of $15.03 and a 1-year high of $29.00.

KB Home (NYSE:KBH) last released its quarterly earnings data on Thursday, September 28th. The construction company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.12 billion. KB Home had a return on equity of 7.57% and a net margin of 3.22%. The company’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 earnings per share.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in KB Home by 19,999.6% in the 1st quarter. BlackRock Inc. now owns 10,064,270 shares of the construction company’s stock worth $200,078,000 after purchasing an additional 10,014,198 shares during the period. Vanguard Group Inc. boosted its stake in KB Home by 7.7% in the 2nd quarter. Vanguard Group Inc. now owns 6,884,880 shares of the construction company’s stock worth $165,031,000 after purchasing an additional 492,594 shares during the period. Dimensional Fund Advisors LP boosted its stake in KB Home by 16.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,803,374 shares of the construction company’s stock worth $67,196,000 after purchasing an additional 394,584 shares during the period. State Street Corp boosted its stake in KB Home by 3.2% in the 2nd quarter. State Street Corp now owns 2,665,501 shares of the construction company’s stock worth $63,890,000 after purchasing an additional 83,179 shares during the period. Finally, Capital World Investors boosted its stake in KB Home by 30.1% in the 2nd quarter. Capital World Investors now owns 2,117,000 shares of the construction company’s stock worth $50,744,000 after purchasing an additional 490,000 shares during the period. 97.58% of the stock is owned by institutional investors.

In other news, EVP Brian J. Woram sold 49,529 shares of the business’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $27.11, for a total value of $1,342,731.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Albert Z. Praw sold 150,000 shares of the business’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $25.85, for a total transaction of $3,877,500.00. The disclosure for this sale can be found here. 8.60% of the stock is owned by insiders.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Thursday, November 2nd were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend was Wednesday, November 1st. KB Home’s dividend payout ratio (DPR) is 7.19%.

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.

Earnings History and Estimates for KB Home (NYSE:KBH)

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