KB Home (NYSE:KBH) Declares Quarterly Dividend of $0.25

KB Home (NYSE:KBH) declared a quarterly dividend on Friday, January 24th,Wall Street Journal reports. Shareholders of record on Thursday, February 6th will be given a dividend of 0.25 per share by the construction company on Thursday, February 20th. This represents a $1.00 annualized dividend and a yield of 1.50%. The ex-dividend date is Thursday, February 6th.

KB Home has raised its dividend payment by an average of 16.6% annually over the last three years. KB Home has a payout ratio of 11.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect KB Home to earn $9.31 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 10.7%.

KB Home Trading Down 1.3 %

KBH traded down $0.90 during trading hours on Friday, hitting $66.82. The company’s stock had a trading volume of 657,322 shares, compared to its average volume of 1,682,628. KB Home has a 12 month low of $58.15 and a 12 month high of $89.70. The business’s 50-day moving average price is $71.83 and its 200-day moving average price is $77.90. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of 7.89, a P/E/G ratio of 0.93 and a beta of 1.86.

KB Home (NYSE:KBH) last released its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.44 by $0.08. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the business posted $1.85 earnings per share. The firm’s revenue was up 19.5% on a year-over-year basis. On average, analysts forecast that KB Home will post 8.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on KBH shares. JPMorgan Chase & Co. dropped their price target on shares of KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Evercore ISI increased their price target on KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Wells Fargo & Company cut their price objective on KB Home from $74.00 to $65.00 and set an “underweight” rating on the stock in a research report on Monday, January 13th. Barclays decreased their target price on KB Home from $85.00 to $60.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Finally, Royal Bank of Canada upgraded shares of KB Home from an “underperform” rating to a “sector perform” rating and decreased their price objective for the company from $70.00 to $67.00 in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, KB Home has a consensus rating of “Hold” and an average price target of $76.63.

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.