KB Home (KBH) Set to Announce Earnings on Thursday
KB Home (NYSE:KBH) will post its quarterly earnings results after the market closes on Thursday, March 23rd. Analysts expect KB Home to post earnings of $0.13 per share for the quarter.
KB Home (NYSE:KBH) last issued its earnings results on Wednesday, January 11th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.01. KB Home had a net margin of 2.94% and a return on equity of 6.35%. The firm had revenue of $1.19 billion for the quarter. During the same period in the prior year, the business earned $0.43 EPS. The business’s revenue was up 20.9% on a year-over-year basis. On average, analysts expect KB Home to post $1.51 EPS for the current fiscal year and $1.82 EPS for the next fiscal year.
KB Home (NYSE:KBH) opened at 19.38 on Tuesday. KB Home has a one year low of $12.38 and a one year high of $19.82. The firm has a 50-day moving average of $17.36 and a 200-day moving average of $16.16. The company has a market cap of $1.65 billion, a PE ratio of 17.30 and a beta of 1.93.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 23rd. Stockholders of record on Thursday, February 9th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Tuesday, February 7th. KB Home’s payout ratio is presently 8.85%.
KBH has been the topic of several research analyst reports. BTIG Research initiated coverage on shares of KB Home in a research report on Tuesday, February 7th. They issued a “sell” rating and a $13.00 price objective on the stock. Zacks Investment Research lowered shares of KB Home from a “hold” rating to a “sell” rating in a research report on Wednesday, March 15th. Buckingham Research lowered shares of KB Home from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 28th. Barclays PLC initiated coverage on shares of KB Home in a research report on Thursday, January 5th. They issued an “underweight” rating and a $15.00 price objective on the stock. Finally, Raymond James Financial, Inc. reissued an “underperform” rating on shares of KB Home in a research report on Tuesday, January 24th. Seven research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $15.75.
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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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