KB Home (KBH) Scheduled to Post Earnings on Wednesday

KB Home (NYSE:KBH – Get Rating) is scheduled to be announcing its earnings results after the market closes on Wednesday, March 22nd. Analysts expect the company to announce earnings of $1.05 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

KB Home (NYSE:KBH – Get Rating) last posted its quarterly earnings data on Wednesday, January 11th. The construction company reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.38). KB Home had a net margin of 11.83% and a return on equity of 24.06%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.99 billion. On average, analysts expect KB Home to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

KB Home Stock Up 0.9 %

KBH stock opened at $35.37 on Wednesday. KB Home has a twelve month low of $24.78 and a twelve month high of $40.92. The firm has a market cap of $2.97 billion, a PE ratio of 3.88, a price-to-earnings-growth ratio of 1.18 and a beta of 1.58. The business has a 50 day moving average of $36.12 and a 200 day moving average of $31.75.

KB Home Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 16th. Shareholders of record on Thursday, February 2nd were paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, February 1st. This represents a $0.60 annualized dividend and a yield of 1.70%. KB Home’s dividend payout ratio is 6.58%.

Institutional Trading of KB Home

A number of hedge funds have recently bought and sold shares of the business. CI Private Wealth LLC acquired a new stake in shares of KB Home during the 4th quarter worth approximately $399,000. Captrust Financial Advisors purchased a new stake in shares of KB Home during the 4th quarter worth $289,000. Lazard Asset Management LLC raised its stake in KB Home by 44.0% during the 4th quarter. Lazard Asset Management LLC now owns 4,625 shares of the construction company’s stock worth $147,000 after acquiring an additional 1,413 shares in the last quarter. Legal & General Group Plc raised its stake in KB Home by 1.1% during the 4th quarter. Legal & General Group Plc now owns 118,886 shares of the construction company’s stock worth $3,787,000 after acquiring an additional 1,348 shares in the last quarter. Finally, Millennium Management LLC raised its stake in KB Home by 4.0% during the 4th quarter. Millennium Management LLC now owns 664,346 shares of the construction company’s stock worth $21,159,000 after acquiring an additional 25,831 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on KBH shares. Royal Bank of Canada downgraded KB Home from an “outperform” rating to a “sector perform” rating and set a $34.00 target price on the stock. in a research note on Friday, January 13th. JPMorgan Chase & Co. downgraded KB Home from an “overweight” rating to an “underweight” rating and lowered their target price for the company from $36.00 to $32.50 in a research report on Monday, March 6th. UBS Group lowered their target price on KB Home from $48.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, January 12th. The Goldman Sachs Group raised their price target on KB Home from $34.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, December 21st. Finally, Barclays lifted their target price on KB Home from $41.00 to $42.00 in a report on Wednesday, December 14th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $37.19.

About KB Home

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KB Home engages in selling and building a variety of new homes. It builds various types of homes, including attached and detached single-family homes, townhomes, and condominiums. The firm operates through the following segments: West Coast, Southwest, Central, and Southeast. It offer homes in development communities, at urban in-fill locations and as part of mixed-use projects.