Wall Street analysts predict that KB Home (NYSE:KBH) will announce $1.13 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for KB Home’s earnings. The highest sales estimate is $1.13 billion and the lowest is $1.12 billion. KB Home reported sales of $913.28 million in the same quarter last year, which would suggest a positive year over year growth rate of 23.7%. The firm is expected to announce its next earnings report on Tuesday, September 19th.

On average, analysts expect that KB Home will report full-year sales of $1.13 billion for the current fiscal year, with estimates ranging from $4.26 billion to $4.34 billion. For the next year, analysts forecast that the business will post sales of $4.74 billion per share, with estimates ranging from $4.66 billion to $4.89 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for KB Home.

KB Home (NYSE:KBH) last issued its earnings results on Tuesday, June 27th. The construction company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.26 by $0.07. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $929.85 million. KB Home had a net margin of 3.13% and a return on equity of 7.11%. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.17 EPS.

KBH has been the topic of a number of recent analyst reports. Deutsche Bank AG raised their target price on shares of KB Home from $20.00 to $23.00 and gave the company a “hold” rating in a research note on Friday, June 30th. Wedbush lowered their target price on shares of KB Home from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, June 15th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $25.00 target price on shares of KB Home in a research note on Tuesday, August 29th. Barclays PLC reaffirmed a “sell” rating and issued a $17.00 target price on shares of KB Home in a research note on Friday, June 30th. Finally, Credit Suisse Group initiated coverage on shares of KB Home in a research note on Thursday, June 22nd. They issued a “neutral” rating and a $23.00 target price on the stock. Five 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. The stock currently has an average rating of “Hold” and an average price target of $19.88.

In other news, insider Jeffrey T. Mezger sold 400,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $22.81, for a total value of $9,124,000.00. Following the transaction, the insider now owns 682,996 shares in the company, valued at $15,579,138.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jeff Kaminski sold 163,017 shares of the firm’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $23.40, for a total transaction of $3,814,597.80. Following the completion of the transaction, the chief financial officer now owns 178,251 shares in the company, valued at approximately $4,171,073.40. The disclosure for this sale can be found here. Insiders sold 620,422 shares of company stock worth $14,269,820 in the last 90 days. Company insiders own 8.60% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of KBH. Creative Planning boosted its position in shares of KB Home by 34.9% in the second quarter. Creative Planning now owns 4,289 shares of the construction company’s stock valued at $103,000 after buying an additional 1,110 shares in the last quarter. Flinton Capital Management LLC boosted its position in shares of KB Home by 22.6% in the first quarter. Flinton Capital Management LLC now owns 5,542 shares of the construction company’s stock valued at $110,000 after buying an additional 1,020 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of KB Home by 10.5% in the first quarter. Envestnet Asset Management Inc. now owns 6,749 shares of the construction company’s stock valued at $134,000 after buying an additional 639 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of KB Home by 40.2% in the first quarter. Victory Capital Management Inc. now owns 7,047 shares of the construction company’s stock valued at $140,000 after buying an additional 2,020 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its position in shares of KB Home by 18.0% in the second quarter. LS Investment Advisors LLC now owns 6,511 shares of the construction company’s stock valued at $156,000 after buying an additional 991 shares in the last quarter. Hedge funds and other institutional investors own 98.37% of the company’s stock.

Shares of KB Home (NYSE:KBH) opened at 21.59 on Friday. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 16.63 and a beta of 1.60. The company’s 50 day moving average is $22.78 and its 200 day moving average is $21.08. KB Home has a one year low of $14.06 and a one year high of $24.37.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Thursday, August 3rd were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Tuesday, August 1st. KB Home’s dividend payout ratio is 7.69%.

COPYRIGHT VIOLATION WARNING: “Zacks: Analysts Expect KB Home (KBH) Will Announce Quarterly Sales of $1.13 Billion” was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/09/03/zacks-analysts-expect-kb-home-kbh-will-announce-quarterly-sales-of-1-13-billion.html.

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.

Get a free copy of the Zacks research report on KB Home (KBH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Stock Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related stocks with our FREE daily email newsletter.