KB Home (KBH) to Release Earnings on Monday

KB Home (NYSE:KBH) will likely be releasing its earnings data before the market opens on Monday, March 24th. Analysts expect KB Home to post earnings of $1.58 per share and revenue of $1.51 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, beating the consensus estimate of $2.44 by $0.08. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the prior year, the business posted $1.85 EPS. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. On average, analysts expect KB Home to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

KB Home Trading Down 2.7 %

Shares of NYSE:KBH opened at $59.61 on Friday. The business’s 50-day moving average is $64.22 and its 200 day moving average is $73.12. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83. KB Home has a 1 year low of $58.80 and a 1 year high of $89.70. The firm has a market capitalization of $4.26 billion, a P/E ratio of 7.04, a P/E/G ratio of 0.90 and a beta of 1.89.

KB Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Thursday, February 6th. KB Home’s payout ratio is currently 11.81%.

Analysts Set New Price Targets

KBH has been the subject of several research analyst reports. UBS Group decreased their price objective on shares of KB Home from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company decreased their price objective on shares of KB Home from $65.00 to $63.00 and set an “underweight” rating for the company in a research report on Monday, March 10th. Royal Bank of Canada raised shares of KB Home from an “underperform” rating to a “sector perform” rating and decreased their price objective for the company from $70.00 to $67.00 in a research report on Friday, January 10th. The Goldman Sachs Group decreased their price objective on shares of KB Home from $81.00 to $72.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Finally, Bank of America decreased their price objective on shares of KB Home from $76.00 to $71.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $75.21.

Insiders Place Their Bets

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the completion of the transaction, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at approximately $2,370,708.21. This trade represents a 44.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.89% of the stock is currently owned by insiders.

About KB Home

KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.