KB Home (NYSE:KBH) – KeyCorp issued their Q2 2018 earnings estimates for KB Home in a report released on Wednesday. KeyCorp analyst K. Zener anticipates that the construction company will post earnings per share of $0.68 for the quarter. KeyCorp also issued estimates for KB Home’s FY2018 earnings at $2.66 EPS.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Wednesday, January 10th. The construction company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.07. KB Home had a return on equity of 9.93% and a net margin of 4.13%. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the business earned $0.40 earnings per share. KB Home’s revenue for the quarter was up 17.7% compared to the same quarter last year.

Several other research firms have also recently weighed in on KBH. Buckingham Research cut KB Home from a “neutral” rating to an “underperform” rating and increased their price objective for the company from $28.00 to $34.00 in a research report on Friday, January 12th. They noted that the move was a valuation call. Royal Bank of Canada increased their price objective on KB Home to $40.00 and gave the company a “sector perform” rating in a research report on Monday, January 15th. UBS Group increased their price objective on KB Home from $25.00 to $30.00 and gave the company a “sell” rating in a research report on Wednesday, January 17th. Mizuho set a $35.00 price objective on KB Home and gave the company a “hold” rating in a research report on Thursday, January 18th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $38.00 price objective (up from $31.00) on shares of KB Home in a research report on Monday, January 22nd. They noted that the move was a valuation call. Six investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $29.07.

Shares of KB Home (NYSE KBH) opened at $30.45 on Monday. KB Home has a 12-month low of $15.96 and a 12-month high of $38.80. The company has a debt-to-equity ratio of 1.21, a current ratio of 5.36 and a quick ratio of 1.22. The firm has a market capitalization of $2,631.47, a P/E ratio of 16.64, a PEG ratio of 0.77 and a beta of 1.48.

Hedge funds and other institutional investors have recently modified their holdings of the stock. AllSquare Wealth Management LLC acquired a new position in shares of KB Home in the third quarter valued at $113,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of KB Home by 83.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,284 shares of the construction company’s stock valued at $137,000 after purchasing an additional 1,947 shares in the last quarter. Strs Ohio acquired a new position in shares of KB Home in the fourth quarter valued at $162,000. Greenwood Capital Associates LLC acquired a new position in shares of KB Home in the third quarter valued at $207,000. Finally, Suntrust Banks Inc. acquired a new position in shares of KB Home in the fourth quarter valued at $208,000. Institutional investors and hedge funds own 97.67% of the company’s stock.

In related news, CFO Jeff Kaminski sold 125,000 shares of the company’s 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 completion of the transaction, the chief financial officer now directly owns 237,775 shares in the company, valued at $7,734,820.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.60% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Thursday, February 8th will be paid a $0.025 dividend. The ex-dividend date is Wednesday, February 7th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.33%. KB Home’s payout ratio is 5.46%.

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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.

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

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