Headlines about KB Home (NYSE:KBH) have trended somewhat positive on Wednesday, according to Accern Sentiment. The research firm identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. KB Home earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned headlines about the construction company an impact score of 46.9316141867532 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
- KB Home Expected to Post FY2017 Earnings of $1.76 Per Share (KBH) (americanbankingnews.com)
- Zacks Industry Outlook Highlights: SPDR S&P Homebuilders ETF, iShares U.S. Home Construction ETF, KB Home, Lennar and PulteGroup (finance.yahoo.com)
- KB Home Elects James C. (“Rad”) Weaver to Its Board of Directors (finance.yahoo.com)
- Will Economic Growth, Job Creation Support Housing Stocks? (finance.yahoo.com)
- KB Home (KBH) Boosts Community Count With Bella Cortina – Nasdaq (nasdaq.com)
A number of research firms have recently weighed in on KBH. BTIG Research reissued 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 reissued a “hold” rating and issued a $25.00 target price on shares of KB Home in a research note on Tuesday, August 29th. Wedbush reissued an “ourperform” rating and issued a $26.00 target price on shares of KB Home in a research note on Saturday, September 16th. Credit Suisse Group began coverage on KB Home in a research note on Thursday, June 22nd. They issued a “neutral” rating and a $23.00 target price for the company. Finally, Zacks Investment Research lowered KB Home from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $21.93.
KB Home (NYSE KBH) opened at 26.74 on Wednesday. The stock has a market cap of $2.31 billion, a P/E ratio of 19.15 and a beta of 1.54. KB Home has a one year low of $14.06 and a one year high of $26.79. The company’s 50-day moving average price is $22.35 and its 200-day moving average price is $21.96.
KB Home (NYSE:KBH) last announced its quarterly earnings data on Thursday, September 28th. The construction company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.04. KB Home had a net margin of 3.22% and a return on equity of 7.57%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the firm earned $0.42 earnings per share. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. Analysts forecast that KB Home will post $1.74 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Thursday, November 2nd will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Wednesday, November 1st. KB Home’s dividend payout ratio is presently 7.19%.
In other news, insider Jeffrey T. Mezger sold 400,000 shares of KB Home stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $22.81, for a total transaction of $9,124,000.00. Following the completion of the sale, the insider now owns 682,996 shares of the company’s stock, valued at $15,579,138.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP William R. Hollinger sold 57,405 shares of KB Home stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $23.19, for a total transaction of $1,331,221.95. Following the sale, the senior vice president now directly owns 214,306 shares of the company’s stock, valued at approximately $4,969,756.14. The disclosure for this sale can be found here. Insiders own 8.60% of the company’s stock.
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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.
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