KB Home Given Consensus Recommendation of “Hold” by Analysts (NYSE:KBH)
KB Home (NYSE:KBH) has earned an average recommendation of “Hold” from the seventeen brokerages that are currently covering the company, AmericanBankingNews.com reports. Six investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $19.00.
KB Home (NYSE:KBH) opened at 17.35 on Tuesday. KB Home has a 52 week low of $15.40 and a 52 week high of $20.78. The stock’s 50-day moving average is $17.73 and its 200-day moving average is $17.58. The company has a market cap of $1.593 billion and a P/E ratio of 18.31.
KB Home (NYSE:KBH) last posted its quarterly earnings results on Friday, June 27th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.07. The company had revenue of $565.00 million for the quarter, compared to the consensus estimate of $563.10 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Analysts expect that KB Home will post $1.26 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 21st. Stockholders of record on Thursday, August 7th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.76%. The ex-dividend date is Tuesday, August 5th.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of KB Home in a research note on Monday, July 21st. They now have a $19.00 price target on the stock. Finally, analysts at Barclays reiterated an “underweight” rating on shares of KB Home in a research note on Monday, June 30th. They now have a $20.00 price target on the stock, up previously from $18.00.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.