Wall Street brokerages predict that KB Home (NYSE:KBH) will post $0.26 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for KB Home’s earnings. The highest EPS estimate is $0.32 and the lowest is $0.21. KB Home posted earnings of $0.40 per share in the same quarter last year, which would suggest a negative year over year growth rate of 35%. The firm is expected to issue its next earnings results on Thursday, March 28th.
On average, analysts expect that KB Home will report full-year earnings of $2.67 per share for the current year, with EPS estimates ranging from $2.10 to $3.10. For the next fiscal year, analysts anticipate that the business will post earnings of $2.85 per share, with EPS estimates ranging from $2.35 to $3.34. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow KB Home.
Get KB Home alerts:KB Home (NYSE:KBH) last announced its earnings results on Wednesday, January 9th. The construction company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. KB Home had a return on equity of 14.31% and a net margin of 3.75%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the business posted $0.84 EPS. The company’s revenue was down 3.8% on a year-over-year basis.
A number of research firms recently weighed in on KBH. Zacks Investment Research downgraded KB Home from a “hold” rating to a “strong sell” rating in a research note on Monday, January 14th. ValuEngine downgraded KB Home from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 10th. Barclays set a $20.00 price target on KB Home and gave the company a “hold” rating in a research note on Wednesday, December 12th. Royal Bank of Canada set a $23.00 price target on KB Home and gave the company a “hold” rating in a research note on Thursday, November 15th. Finally, Wells Fargo & Co decreased their price target on KB Home from $35.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, November 15th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. KB Home presently has an average rating of “Hold” and a consensus price target of $25.73.
Shares of KBH stock traded down $0.30 during midday trading on Tuesday, hitting $22.51. The company had a trading volume of 113,439 shares, compared to its average volume of 1,823,120. KB Home has a 52-week low of $16.82 and a 52-week high of $31.83. The company has a market capitalization of $2.07 billion, a P/E ratio of 7.98, a price-to-earnings-growth ratio of 1.08 and a beta of 1.55. The company has a current ratio of 4.81, a quick ratio of 0.94 and a debt-to-equity ratio of 0.99.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 21st. Investors of record on Thursday, February 7th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Wednesday, February 6th. This represents a $0.10 annualized dividend and a yield of 0.44%. KB Home’s dividend payout ratio is presently 35.46%.
Hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. raised its holdings in KB Home by 2,537.0% during the fourth quarter. Meeder Asset Management Inc. now owns 1,424 shares of the construction company’s stock worth $27,000 after purchasing an additional 1,370 shares during the last quarter. Financial Architects Inc raised its holdings in KB Home by 97.8% during the fourth quarter. Financial Architects Inc now owns 1,622 shares of the construction company’s stock worth $31,000 after purchasing an additional 802 shares during the last quarter. ETF Managers Group LLC raised its holdings in KB Home by 15.8% during the fourth quarter. ETF Managers Group LLC now owns 4,536 shares of the construction company’s stock worth $87,000 after purchasing an additional 618 shares during the last quarter. Acadian Asset Management LLC acquired a new position in KB Home during the fourth quarter worth $163,000. Finally, GAM Holding AG acquired a new position in KB Home during the third quarter worth $225,000. 85.15% of the stock is owned by hedge funds and other institutional investors.
KB Home Company Profile
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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