Wall Street analysts predict that KB Home (NYSE:KBH) will post $887.09 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for KB Home’s earnings, with estimates ranging from $863.34 million to $931.00 million. KB Home reported sales of $818.60 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.4%. The business is scheduled to report its next earnings results on Thursday, March 22nd.
On average, analysts expect that KB Home will report full year sales of $887.09 million for the current financial year, with estimates ranging from $4.59 billion to $4.90 billion. For the next fiscal year, analysts expect that the business will post sales of $5.27 billion per share, with estimates ranging from $5.05 billion to $5.54 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover KB Home.
KB Home (NYSE:KBH) last posted its quarterly earnings results on Wednesday, January 10th. The construction company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.07. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.36 billion. KB Home had a return on equity of 9.93% and a net margin of 4.13%. KB Home’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 earnings per share.
In other news, CFO Jeff Kaminski sold 125,000 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $32.53, for a total value of $4,066,250.00. Following the completion of the transaction, the chief financial officer now directly owns 237,775 shares of the company’s stock, valued at approximately $7,734,820.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 8.60% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Martingale Asset Management L P acquired a new position in shares of KB Home in the 4th quarter worth approximately $1,282,000. Sawgrass Asset Management LLC acquired a new position in shares of KB Home in the 4th quarter worth approximately $1,151,000. Suntrust Banks Inc. acquired a new position in shares of KB Home in the 4th quarter worth approximately $208,000. ARP Americas LP acquired a new position in shares of KB Home in the 4th quarter worth approximately $968,000. Finally, American International Group Inc. raised its holdings in shares of KB Home by 1.3% in the 4th quarter. American International Group Inc. now owns 229,689 shares of the construction company’s stock worth $7,339,000 after buying an additional 2,918 shares in the last quarter. 97.67% of the stock is owned by institutional investors and hedge funds.
KB Home (NYSE:KBH) opened at $30.23 on Tuesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 5.36 and a quick ratio of 1.22. KB Home has a 52 week low of $15.96 and a 52 week high of $38.80. The company has a market capitalization of $2,610.00, a PE ratio of 16.52, a price-to-earnings-growth ratio of 0.75 and a beta of 1.48.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th will be issued a $0.025 dividend. The ex-dividend date is Wednesday, February 7th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.33%. KB Home’s payout ratio is presently 5.46%.
COPYRIGHT VIOLATION NOTICE: “$887.09 Million in Sales Expected for KB Home (KBH) This Quarter” was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece of content can be viewed at https://sportsperspectives.com/2018/02/13/887-09-million-in-sales-expected-for-kb-home-kbh-this-quarter.html.
About KB Home
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.