FY2017 EPS Estimates for KB Home (KBH) Boosted by Analyst
KB Home (NYSE:KBH) – Investment analysts at Wedbush boosted their FY2017 EPS estimates for shares of KB Home in a research note issued to investors on Monday. Wedbush analyst J. Mccanless now expects that the construction company will earn $1.77 per share for the year, up from their previous estimate of $1.76. Wedbush has a “Neutral” rating on the stock. Wedbush also issued estimates for KB Home’s Q4 2017 earnings at $0.78 EPS, Q1 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.92 EPS, FY2018 earnings at $2.26 EPS and FY2019 earnings at $2.60 EPS.
Other research analysts also recently issued research reports about the company. Zacks Investment Research upgraded KB Home from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Friday, September 22nd. BidaskClub downgraded KB Home from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Keefe, Bruyette & Woods restated a “hold” rating and set a $24.00 price objective on shares of KB Home in a report on Friday, September 29th. Royal Bank Of Canada restated a “hold” rating and set a $25.00 price objective on shares of KB Home in a report on Tuesday, August 29th. Finally, KeyCorp reiterated a “hold” rating on shares of KB Home in a report on Tuesday, September 26th. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. KB Home currently has an average rating of “Hold” and a consensus target price of $22.06.
KB Home (NYSE:KBH) last posted its quarterly earnings data on Thursday, September 28th. The construction company reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.04. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate 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 in the previous year, the business earned $0.42 EPS.
A number of hedge funds have recently added to or reduced their stakes in KBH. UBS Asset Management Americas Inc. increased its position in KB Home by 51.4% during the 1st quarter. UBS Asset Management Americas Inc. now owns 57,232 shares of the construction company’s stock worth $1,138,000 after purchasing an additional 19,430 shares in the last quarter. Teachers Advisors LLC increased its position in KB Home by 2.6% in the 1st quarter. Teachers Advisors LLC now owns 148,233 shares of the construction company’s stock valued at $2,947,000 after acquiring an additional 3,766 shares during the period. Legal & General Group Plc increased its position in KB Home by 24.0% in the 1st quarter. Legal & General Group Plc now owns 54,403 shares of the construction company’s stock valued at $1,082,000 after acquiring an additional 10,530 shares during the period. Vanguard Group Inc. increased its position in KB Home by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 6,392,286 shares of the construction company’s stock valued at $127,079,000 after acquiring an additional 244,007 shares during the period. Finally, Geode Capital Management LLC increased its position in KB Home by 45.2% in the 1st quarter. Geode Capital Management LLC now owns 813,270 shares of the construction company’s stock valued at $16,166,000 after acquiring an additional 253,176 shares during the period. Institutional investors and hedge funds own 97.58% of the company’s stock.
In related news, EVP Brian J. Woram sold 49,529 shares of the company’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $27.11, for a total transaction of $1,342,731.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Albert Z. Praw sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $25.85, for a total transaction of $3,877,500.00. The disclosure for this sale can be found here. 8.60% of the stock is owned by corporate insiders.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Thursday, November 2nd will be given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.35%. The ex-dividend date is Wednesday, November 1st. KB Home’s payout ratio is presently 7.19%.
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.
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