Brokerages Anticipate KB Home (KBH) to Announce $0.49 EPS

Equities research analysts predict that KB Home (NYSE:KBH) will post $0.49 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for KB Home’s earnings. The lowest EPS estimate is $0.44 and the highest is $0.56. KB Home posted earnings per share of $0.33 in the same quarter last year, which would indicate a positive year-over-year growth rate of 48.5%. The business is expected to issue its next quarterly earnings report on Tuesday, June 26th.

On average, analysts expect that KB Home will report full year earnings of $1.62 per share for the current fiscal year, with EPS estimates ranging from $1.50 to $1.72. For the next financial year, analysts anticipate that the company will report earnings of $3.34 per share, with EPS estimates ranging from $3.10 to $4.09. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover KB Home.

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KB Home (NYSE:KBH) last announced its quarterly earnings data on Thursday, March 22nd. The construction company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.11. KB Home had a return on equity of 11.16% and a net margin of 2.15%. The firm had revenue of $871.60 million during the quarter, compared to analysts’ expectations of $878.77 million. During the same quarter last year, the firm posted $0.15 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year.



A number of research analysts have recently weighed in on KBH shares. Citigroup lowered KB Home from a “neutral” rating to a “sell” rating and set a $27.00 target price on the stock. in a report on Tuesday, January 2nd. Zacks Investment Research upgraded KB Home from a “hold” rating to a “strong-buy” rating and set a $39.00 target price on the stock in a report on Tuesday, January 9th. ValuEngine upgraded KB Home from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. UBS raised their target price on KB Home from $25.00 to $30.00 and gave the company a “sell” rating in a report on Wednesday, January 17th. Finally, Buckingham Research upgraded KB Home from an “underperform” rating to a “neutral” rating and set a $34.00 target price on the stock in a report on Friday, January 26th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. KB Home presently has a consensus rating of “Hold” and an average price target of $30.25.

Shares of KB Home stock opened at $26.31 on Friday. KB Home has a 52 week low of $19.80 and a 52 week high of $38.80. The company has a market capitalization of $2,282.71, a price-to-earnings ratio of 12.65, a PEG ratio of 0.58 and a beta of 1.42.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 17th. Investors of record on Thursday, May 3rd will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Wednesday, May 2nd. This represents a $0.10 dividend on an annualized basis and a yield of 0.38%. KB Home’s dividend payout ratio (DPR) is currently 5.41%.

In related news, SVP Thomas F. Norton sold 47,179 shares of KB Home stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $30.32, for a total transaction of $1,430,467.28. Following the sale, the senior vice president now directly owns 103,562 shares in the company, valued at $3,139,999.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeff Kaminski sold 125,000 shares of KB Home stock in a transaction 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 sale, the chief financial officer now owns 237,775 shares in the company, valued at $7,734,820.75. The disclosure for this sale can be found here. Company insiders own 8.60% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Elkfork Partners LLC bought a new stake in KB Home during the fourth quarter worth $331,000. Xact Kapitalforvaltning AB bought a new stake in KB Home during the fourth quarter worth $245,000. Vanguard Capital Wealth Advisors bought a new stake in KB Home during the fourth quarter worth $262,000. MetLife Investment Advisors LLC bought a new stake in KB Home during the fourth quarter worth $2,909,000. Finally, PEAK6 Investments L.P. lifted its holdings in KB Home by 77.7% during the fourth quarter. PEAK6 Investments L.P. now owns 22,035 shares of the construction company’s stock worth $704,000 after acquiring an additional 9,635 shares during the period. Institutional investors and hedge funds own 95.00% of the company’s stock.

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KB Home Company Profile

KB Home operates as a homebuilding company in the United States. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers. The company also provides property and casualty insurance, as well as earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, including residential mortgage loan originations to its homebuyers.

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

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