KB Home (KBH) Set to Announce Quarterly Earnings on Friday
KB Home (NYSE:KBH) will be announcing its Q214 earnings results on Friday, June 27th. Analysts expect the company to announce earnings of $0.20 per share and revenue of $563.10 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.
KB Home (NYSE:KBH) opened at 17.94 on Thursday. KB Home has a 52-week low of $15.40 and a 52-week high of $20.78. The stock has a 50-day moving average of $16.63 and a 200-day moving average of $17.52. The company has a market cap of $1.502 billion and a price-to-earnings ratio of 25.45. KB Home also was the recipient of a large decline in short interest in the month of May. As of May 30th, there was short interest totalling 16,850,369 shares, a decline of 15.1% from the May 15th total of 19,857,925 shares. Approximately 21.3% of the company’s shares are sold short. Based on an average daily trading volume, of 2,985,513 shares, the days-to-cover ratio is presently 5.6 days.
A number of analysts have recently weighed in on KBH shares. Analysts at Citigroup Inc. initiated coverage on shares of KB Home in a research note on Friday, June 6th. They set a “buy” rating on the stock. On the ratings front, analysts at RBC Capital cut their price target on shares of KB Home from $24.00 to $20.00 in a research note on Wednesday, May 7th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of KB Home in a research note on Thursday, May 1st. They now have a $17.00 price target on the stock. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $18.81.
KB Home is a builder of single-family residential homes, townhomes and condominiums. It constructs and sells homes through its operating divisions under the name KB Home.
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