KB Home (NYSE:KBH) Expected to Announce Quarterly Sales of $1.56 Billion

Equities analysts expect KB Home (NYSE:KBH) to announce sales of $1.56 billion for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for KB Home’s earnings. The highest sales estimate is $1.57 billion and the lowest is $1.54 billion. KB Home posted sales of $999.01 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 56.2%. The company is scheduled to issue its next earnings results on Tuesday, September 28th.

On average, analysts expect that KB Home will report full-year sales of $6.03 billion for the current financial year, with estimates ranging from $5.98 billion to $6.08 billion. For the next fiscal year, analysts expect that the business will post sales of $7.04 billion, with estimates ranging from $6.53 billion to $7.52 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow KB Home.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Tuesday, June 22nd. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.19. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.48 billion. KB Home had a net margin of 8.90% and a return on equity of 15.64%. The company’s quarterly revenue was up 57.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 earnings per share.

A number of equities analysts have weighed in on the stock. Raymond James increased their price target on shares of KB Home from $48.00 to $55.00 and gave the stock a “strong-buy” rating in a research note on Friday, March 26th. Barclays raised their target price on shares of KB Home from $47.00 to $56.00 and gave the company an “overweight” rating in a research note on Thursday, March 25th. They noted that the move was a valuation call. Wells Fargo & Company assumed coverage on shares of KB Home in a research note on Wednesday, April 21st. They issued an “overweight” rating and a $55.00 target price on the stock. Royal Bank of Canada raised their target price on shares of KB Home from $46.00 to $47.00 and gave the company a “sector perform” rating in a research note on Thursday, June 24th. Finally, Zacks Investment Research raised shares of KB Home from a “hold” rating to a “strong-buy” rating and set a $49.00 price target for the company in a report on Thursday, May 27th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $48.79.

Several institutional investors have recently added to or reduced their stakes in KBH. Ameritas Investment Company LLC purchased a new position in shares of KB Home in the first quarter worth approximately $27,000. Atlas Private Wealth Advisors purchased a new position in shares of KB Home in the first quarter worth approximately $35,000. Geneos Wealth Management Inc. increased its position in shares of KB Home by 512.8% in the first quarter. Geneos Wealth Management Inc. now owns 1,195 shares of the construction company’s stock worth $57,000 after acquiring an additional 1,000 shares in the last quarter. Fieldpoint Private Securities LLC increased its position in shares of KB Home by 100.1% in the first quarter. Fieldpoint Private Securities LLC now owns 1,353 shares of the construction company’s stock worth $63,000 after acquiring an additional 677 shares in the last quarter. Finally, Eudaimonia Partners LLC grew its position in KB Home by 9.9% during the first quarter. Eudaimonia Partners LLC now owns 2,527 shares of the construction company’s stock valued at $118,000 after purchasing an additional 227 shares in the last quarter. 87.55% of the stock is currently owned by institutional investors and hedge funds.

Shares of KBH opened at $41.02 on Thursday. The stock has a market capitalization of $3.78 billion, a P/E ratio of 9.18 and a beta of 1.81. The firm’s 50 day moving average price is $42.89. KB Home has a 1 year low of $30.25 and a 1 year high of $52.48.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 19th. Stockholders of record on Thursday, August 5th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Wednesday, August 4th. KB Home’s dividend payout ratio (DPR) is currently 19.17%.

KB Home Company Profile

KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.

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

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