KB Home (KBH) to Release Quarterly Earnings on Monday
KB Home (NYSE:KBH) is scheduled to be announcing its earnings results after the market closes on Monday, September 18th. Analysts expect the company to announce earnings of $0.47 per share for the quarter.
KB Home (NYSE:KBH) last posted its earnings results on Tuesday, June 27th. The construction company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.07. KB Home had a net margin of 3.13% and a return on equity of 7.11%. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $929.85 million. During the same period in the prior year, the company posted $0.17 EPS. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. On average, analysts expect KB Home to post $1.71 EPS for the current fiscal year and $2.04 EPS for the next fiscal year.
Shares of KB Home (KBH) opened at 21.41 on Monday. The stock has a market capitalization of $1.83 billion, a PE ratio of 16.49 and a beta of 1.60. The firm has a 50-day moving average of $22.51 and a 200 day moving average of $21.21. KB Home has a 1-year low of $14.06 and a 1-year high of $24.37.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Thursday, August 3rd were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Tuesday, August 1st. This represents a $0.10 annualized dividend and a yield of 0.47%. KB Home’s dividend payout ratio (DPR) is 7.69%.
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In related news, SVP William R. Hollinger sold 57,405 shares of the company’s stock in a transaction 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 owns 214,306 shares of the company’s stock, valued at $4,969,756.14. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Jeff Kaminski sold 163,017 shares of the company’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $23.40, for a total transaction of $3,814,597.80. Following the sale, the chief financial officer now directly 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 three months. Insiders own 8.60% of the company’s stock.
A number of research firms have weighed in on KBH. BidaskClub lowered shares of KB Home from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. MKM Partners reiterated a “neutral” rating on shares of KB Home in a research report on Tuesday, September 5th. Wedbush set a $22.00 price target on shares of KB Home and gave the stock a “buy” rating in a research report on Thursday, June 15th. Bank of America Corporation upped their price target on shares of KB Home from $17.00 to $19.00 and gave the stock an “underperform” rating in a research report on Wednesday, June 28th. Finally, Keefe, Bruyette & Woods set a $24.00 price target on shares of KB Home and gave the stock a “hold” rating in a research report on Saturday, August 19th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $19.88.
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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