KB Home (KBH) Projected to Post Quarterly Earnings on Monday

KB Home (NYSE:KBH) is expected to issue its quarterly earnings data before the market opens on Monday, March 24th. Analysts expect the company to announce earnings of $1.58 per share and revenue of $1.51 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.08. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the previous year, the business posted $1.85 earnings per share. The business’s revenue was up 19.5% compared to the same quarter last year. On average, analysts expect KB Home to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

KB Home Trading Up 1.2 %

KBH stock opened at $60.59 on Monday. The firm’s fifty day simple moving average is $64.62 and its two-hundred day simple moving average is $73.84. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 7.15, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. KB Home has a twelve month low of $59.00 and a twelve month high of $89.70.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Thursday, February 6th. KB Home’s payout ratio is presently 11.81%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on KBH shares. The Goldman Sachs Group cut their price target on shares of KB Home from $81.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Evercore ISI upped their price objective on shares of KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. Royal Bank of Canada raised shares of KB Home from an “underperform” rating to a “sector perform” rating and lowered their price objective for the stock from $70.00 to $67.00 in a research note on Friday, January 10th. Keefe, Bruyette & Woods lowered their price objective on shares of KB Home from $85.00 to $76.00 and set a “market perform” rating for the company in a research note on Friday, January 17th. Finally, Wells Fargo & Company lowered their price objective on shares of KB Home from $65.00 to $63.00 and set an “underweight” rating for the company in a research note on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $75.21.

Insider Buying and Selling at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the completion of the sale, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at approximately $2,370,708.21. This represents a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.44% of the company’s stock.

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.