KB Home Expected to Post FY2017 Earnings of $1.76 Per Share (KBH)
KB Home (NYSE:KBH) – Stock analysts at KeyCorp upped their FY2017 EPS estimates for shares of KB Home in a research note issued on Monday. KeyCorp analyst K. Zener now expects that the construction company will earn $1.76 per share for the year, up from their previous forecast of $1.71. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for KB Home’s Q4 2017 earnings at $0.76 EPS and FY2018 earnings at $2.22 EPS.
KB Home (NYSE:KBH) last posted its earnings results on Thursday, September 28th. The construction company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.04. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.12 billion. KB Home had a return on equity of 7.57% and a net margin of 3.22%. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.42 EPS.
Several other analysts have also commented on KBH. Wedbush set a $22.00 price objective on KB Home and gave the company a “buy” rating in a report on Thursday, June 15th. Credit Suisse Group initiated coverage on KB Home in a report on Thursday, June 22nd. They set a “neutral” rating and a $23.00 price objective for the company. Royal Bank Of Canada reiterated a “sector perform” rating and set a $25.00 price objective (up previously from $22.00) on shares of KB Home in a report on Friday, June 23rd. Bank of America Corporation increased their price objective on KB Home from $17.00 to $19.00 and gave the company an “underperform” rating in a report on Wednesday, June 28th. Finally, MKM Partners upgraded KB Home to a “hold” rating and increased their price objective for the company from $20.00 to $24.00 in a report on Tuesday, June 27th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. KB Home currently has a consensus rating of “Hold” and a consensus price target of $21.93.
Shares of KB Home (NYSE:KBH) opened at 26.74 on Wednesday. The firm has a 50 day moving average price of $22.35 and a 200-day moving average price of $21.96. KB Home has a 12-month low of $14.06 and a 12-month high of $26.79. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 19.15 and a beta of 1.54.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Thursday, November 2nd will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend is Wednesday, November 1st. KB Home’s dividend payout ratio is currently 7.19%.
In other KB Home news, SVP William R. Hollinger sold 57,405 shares of the stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $23.19, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey T. Mezger sold 400,000 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $22.81, for a total value of $9,124,000.00. Following the sale, the insider now directly owns 682,996 shares in the company, valued at $15,579,138.76. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. grew its position in KB Home by 17.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 93,500 shares of the construction company’s stock worth $2,241,000 after purchasing an additional 13,600 shares during the period. Renaissance Group LLC acquired a new stake in KB Home during the 2nd quarter worth about $405,000. Geneva Advisors LLC acquired a new stake in KB Home during the 2nd quarter worth about $722,000. Chicago Equity Partners LLC grew its position in KB Home by 106.3% during the 2nd quarter. Chicago Equity Partners LLC now owns 192,155 shares of the construction company’s stock worth $4,606,000 after purchasing an additional 99,015 shares during the period. Finally, CIBC World Markets Inc. grew its position in KB Home by 2.6% during the 2nd quarter. CIBC World Markets Inc. now owns 186,011 shares of the construction company’s stock worth $4,459,000 after purchasing an additional 4,724 shares during the period. 98.37% of the stock is currently owned by institutional investors.
KB Home Company Profile
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.
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.