Wall Street analysts expect KB Home (NYSE:KBH) to post earnings per share of $0.28 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for KB Home’s earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.32. KB Home posted earnings of $0.40 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 30%. The company is scheduled to announce its next earnings report on Thursday, March 28th.

According to Zacks, analysts expect that KB Home will report full year earnings of $2.98 per share for the current year, with EPS estimates ranging from $2.68 to $3.30. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.17 per share, with EPS estimates ranging from $2.89 to $3.34. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for KB Home.

KB Home (NYSE:KBH) last issued its earnings results on Wednesday, January 9th. The construction company reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.03. KB Home had a return on equity of 14.61% and a net margin of 3.75%. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the previous year, the firm posted $0.84 earnings per share. The business’s revenue was down 3.8% compared to the same quarter last year.

Several brokerages have recently issued reports on KBH. Wedbush reduced their target price on KB Home from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Thursday. Credit Suisse Group reiterated a “sell” rating and set a $17.00 price target on shares of KB Home in a research note on Thursday. ValuEngine lowered shares of KB Home from a “sell” rating to a “strong sell” rating in a research note on Thursday. Buckingham Research started coverage on shares of KB Home in a research note on Friday. They set a “neutral” rating on the stock. Finally, JMP Securities decreased their price objective on shares of KB Home from $30.00 to $26.00 and set a “buy” rating on the stock in a report on Monday, November 19th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $26.78.

Shares of KBH stock traded up $0.16 during trading hours on Friday, hitting $21.16. The stock had a trading volume of 1,429,611 shares, compared to its average volume of 1,544,183. KB Home has a one year low of $16.82 and a one year high of $38.80. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 7.50, a price-to-earnings-growth ratio of 0.47 and a beta of 1.46.

Several hedge funds and other institutional investors have recently made changes to their positions in KBH. Itau Unibanco Holding S.A. purchased a new position in shares of KB Home in the second quarter valued at $115,000. GAM Holding AG purchased a new position in shares of KB Home in the third quarter valued at $225,000. Tower Research Capital LLC TRC boosted its stake in shares of KB Home by 989.2% in the third quarter. Tower Research Capital LLC TRC now owns 9,661 shares of the construction company’s stock valued at $231,000 after purchasing an additional 8,774 shares during the period. Toth Financial Advisory Corp purchased a new position in shares of KB Home in the third quarter valued at $239,000. Finally, Cerebellum GP LLC boosted its stake in shares of KB Home by 57.2% in the fourth quarter. Cerebellum GP LLC now owns 10,141 shares of the construction company’s stock valued at $194,000 after purchasing an additional 3,688 shares during the period. 86.39% of the stock is currently owned by institutional investors.

About KB Home

KB Home operates as a homebuilding company in the United States. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers. The company also provides property and casualty insurance, as well as earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, including residential mortgage loan originations to its homebuyers.

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