Wall Street brokerages expect KB Home (NYSE:KBH) to report sales of $1.13 billion for the current quarter, Zacks reports. Four analysts have made estimates for KB Home’s earnings, with the highest sales estimate coming in at $1.13 billion and the lowest estimate coming in at $1.12 billion. KB Home reported sales of $913.28 million in the same quarter last year, which indicates a positive year over year growth rate of 23.7%. The company is scheduled to announce its next earnings results on Tuesday, September 19th.

According to Zacks, analysts expect that KB Home will report full-year sales of $1.13 billion for the current fiscal year, with estimates ranging from $4.26 billion to $4.34 billion. For the next fiscal year, analysts expect that the company will report sales of $4.74 billion per share, with estimates ranging from $4.66 billion to $4.89 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow KB Home.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Tuesday, June 27th. The construction company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $929.85 million. KB Home had a return on equity of 7.11% and a net margin of 3.13%. The business’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.17 EPS.

A number of analysts recently commented on the company. Wedbush dropped their price target on KB Home from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Thursday, June 15th. Zacks Investment Research lowered KB Home from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. Credit Suisse Group assumed coverage on KB Home in a report on Thursday, June 22nd. They set a “neutral” rating and a $23.00 price target on the stock. Royal Bank Of Canada lifted their price target on KB Home from $22.00 to $25.00 and gave the stock a “sector perform” rating in a report on Wednesday, June 28th. Finally, MKM Partners upgraded KB Home to a “hold” rating and boosted their target price for the company from $20.00 to $24.00 in a research note on Tuesday, June 27th. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $19.63.

In other KB Home news, CFO Jeff Kaminski sold 163,017 shares of KB Home stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $23.40, for a total transaction of $3,814,597.80. Following the completion of the sale, the chief financial officer now owns 178,251 shares of the company’s stock, valued at $4,171,073.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP William R. Hollinger sold 57,405 shares of KB Home stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $23.19, for a total value of $1,331,221.95. Following the sale, the senior vice president now directly owns 214,306 shares of the company’s stock, valued at approximately $4,969,756.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 620,422 shares of company stock valued at $14,269,820. Corporate insiders own 8.60% of the company’s stock.

A number of large investors have recently modified their holdings of KBH. Karp Capital Management Corp purchased a new stake in shares of KB Home during the first quarter valued at about $3,958,000. CIBC World Markets Inc. raised its stake in shares of KB Home by 1.9% in the first quarter. CIBC World Markets Inc. now owns 181,287 shares of the construction company’s stock valued at $3,604,000 after buying an additional 3,302 shares during the period. James Investment Research Inc. purchased a new stake in shares of KB Home during the second quarter valued at about $1,484,000. Norges Bank purchased a new stake in shares of KB Home during the fourth quarter valued at about $11,457,000. Finally, Prudential Financial Inc. raised its stake in shares of KB Home by 632.1% in the first quarter. Prudential Financial Inc. now owns 367,064 shares of the construction company’s stock valued at $7,297,000 after buying an additional 316,926 shares during the period. 99.16% of the stock is owned by hedge funds and other institutional investors.

KB Home (NYSE KBH) opened at 23.10 on Tuesday. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 17.80 and a beta of 1.62. The company’s 50 day moving average price is $23.41 and its 200-day moving average price is $20.57. KB Home has a 12-month low of $14.06 and a 12-month high of $24.37.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Thursday, August 3rd will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.43%. The ex-dividend date is Tuesday, August 1st. KB Home’s dividend payout ratio (DPR) is currently 7.69%.

TRADEMARK VIOLATION NOTICE: “KB Home (KBH) Expected to Post Quarterly Sales of $1.13 Billion” was posted by American Banking News and is the property of of American Banking News. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.americanbankingnews.com/2017/08/15/kb-home-kbh-expected-to-post-quarterly-sales-of-1-13-billion.html.

About KB Home

KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.

Get a free copy of the Zacks research report on KB Home (KBH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for KB Home (NYSE:KBH)

Receive News & Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related companies with MarketBeat.com's FREE daily email newsletter.