Equities Analysts Set Expectations for KB Home’s Q3 2016 Earnings (KBH)
KB Home (NYSE:KBH) – Equities researchers at Wedbush issued their Q3 2016 earnings per share estimates for shares of KB Home in a research report issued to clients and investors on Monday. Wedbush analyst J. Mccanless anticipates that the brokerage will post earnings per share of $0.40 for the quarter. Wedbush currently has a “Outperform” rating and a $22.00 target price on the stock. Wedbush also issued estimates for KB Home’s Q4 2016 earnings at $0.67 EPS, FY2016 earnings at $1.36 EPS, Q1 2017 earnings at $0.16 EPS, Q2 2017 earnings at $0.31 EPS, Q3 2017 earnings at $0.41 EPS, Q4 2017 earnings at $0.76 EPS and FY2017 earnings at $1.64 EPS.
KB Home (NYSE:KBH) last announced its quarterly earnings results on Tuesday, September 20th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.03. KB Home had a net margin of 2.89% and a return on equity of 5.83%. The company had revenue of $913.30 million for the quarter. During the same quarter in the prior year, the firm earned $0.23 EPS. KB Home’s quarterly revenue was up 8.3% compared to the same quarter last year.
A number of other research firms have also weighed in on KBH. TheStreet upgraded shares of KB Home from a “hold” rating to a “buy” rating in a research note on Wednesday, June 22nd. Zacks Investment Research upgraded shares of KB Home from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Monday, July 18th. Buckingham Research upgraded shares of KB Home from a “neutral” rating to a “buy” rating in a research note on Monday. Argus reiterated a “hold” rating on shares of KB Home in a research note on Monday, July 18th. Finally, MKM Partners reiterated a “hold” rating on shares of KB Home in a research note on Wednesday, June 22nd. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $15.47.
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Shares of KB Home (NYSE:KBH) traded up 0.80% during trading on Wednesday, hitting $15.05. 2,581,250 shares of the company traded hands. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 15.40 and a beta of 1.96. KB Home has a 52 week low of $9.04 and a 52 week high of $16.76. The company has a 50 day moving average price of $15.47 and a 200 day moving average price of $14.62.
In other KB Home news, CEO Jeffrey T. Mezger sold 110,000 shares of the business’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $16.39, for a total value of $1,802,900.00. Following the completion of the sale, the chief executive officer now directly owns 606,716 shares of the company’s stock, valued at $9,944,075.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey T. Mezger sold 230,000 shares of the business’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $16.43, for a total transaction of $3,778,900.00. Following the completion of the sale, the chief executive officer now directly owns 606,716 shares of the company’s stock, valued at $9,968,343.88. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of KBH. Mason Street Advisors LLC purchased a new position in KB Home during the second quarter worth about $580,000. Royal Bank of Canada boosted its position in KB Home by 46.7% in the second quarter. Royal Bank of Canada now owns 151,340 shares of the company’s stock worth $2,302,000 after buying an additional 48,163 shares during the last quarter. Sterling Capital Management LLC purchased a new position in KB Home during the second quarter worth about $743,000. Schwab Charles Investment Management Inc. boosted its position in KB Home by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 303,504 shares of the company’s stock worth $4,617,000 after buying an additional 1,771 shares during the last quarter. Finally, Strategic Wealth Advisors Group LLC boosted its position in KB Home by 16.5% in the second quarter. Strategic Wealth Advisors Group LLC now owns 17,483 shares of the company’s stock worth $266,000 after buying an additional 2,476 shares during the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.
KB Home Company Profile
KB Home is a homebuilding company in the United States. The Company constructs and sells a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes, townhomes and condominiums. Its segments include the West Coast, Southwest, Central and Southeast homebuilding segments, and financial services segment.
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