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.
WARNING: This piece was first published by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be accessed at https://sportsperspectives.com/2017/11/18/kb-home-kbh-to-post-q2-2018-earnings-of-0-46-per-share-wedbush-forecasts.html.
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.
Receive News & Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related companies with MarketBeat.com's FREE daily email newsletter.