$887.09 Million in Sales Expected for KB Home (KBH) This Quarter

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.

A number of research analysts have commented on KBH shares. Keefe, Bruyette & Woods restated a “hold” rating and issued a $33.00 target price on shares of KB Home in a research note on Friday, December 22nd. Zacks Investment Research downgraded KB Home from a “buy” rating to a “hold” rating in a research note on Monday, December 4th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $31.00 price target on shares of KB Home in a report on Wednesday, November 15th. Mizuho set a $35.00 price target on KB Home and gave the company a “hold” rating in a report on Thursday, January 18th. Finally, Wedbush upped their price target on KB Home from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, December 29th. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $29.07.

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%.

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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.

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

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