KeyCorp Comments on KB Home’s Q1 2018 Earnings (KBH)

KB Home (NYSE:KBH) – Analysts at KeyCorp issued their Q1 2018 EPS estimates for KB Home in a research note issued on Wednesday. KeyCorp analyst K. Zener anticipates that the construction company will post earnings per share of $0.31 for the quarter. KeyCorp also issued estimates for KB Home’s Q3 2018 earnings at $0.69 EPS, Q4 2018 earnings at $0.97 EPS and FY2019 earnings at $2.88 EPS.

KB Home (NYSE:KBH) last issued its earnings results on Wednesday, January 10th. The construction company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.07. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.36 billion. KB Home had a return on equity of 9.93% and a net margin of 4.13%. The business’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period last year, the company posted $0.40 EPS.

Other research analysts have also issued reports about the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $33.00 target price on shares of KB Home in a research report on Friday, December 22nd. Zacks Investment Research lowered KB Home from a “buy” rating to a “hold” rating in a research report on Monday, December 4th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $31.00 target price on shares of KB Home in a research report on Wednesday, November 15th. Mizuho set a $35.00 target price on KB Home and gave the stock a “hold” rating in a research report on Thursday, January 18th. Finally, Wedbush raised their price objective on KB Home from $28.00 to $30.00 and gave the company a “neutral” rating in a research report on Friday, December 29th. Six investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $29.07.

KB Home (KBH) opened at $29.15 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 5.36 and a quick ratio of 1.22. The firm has a market capitalization of $2,658.45, a price-to-earnings ratio of 15.93, a P/E/G ratio of 0.78 and a beta of 1.48. KB Home has a 52-week low of $15.96 and a 52-week high of $38.80.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $0.10 annualized dividend and a dividend yield of 0.34%. KB Home’s dividend payout ratio is presently 5.46%.

In other news, CFO Jeff Kaminski sold 125,000 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $32.53, for a total transaction of $4,066,250.00. Following the completion of the sale, the chief financial officer now directly owns 237,775 shares in the company, valued at $7,734,820.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.60% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. First Allied Advisory Services Inc. acquired a new position in KB Home in the fourth quarter worth about $296,000. The Manufacturers Life Insurance Company grew its stake in KB Home by 9.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 200,465 shares of the construction company’s stock worth $6,405,000 after purchasing an additional 17,425 shares in the last quarter. First Trust Advisors LP grew its stake in KB Home by 49.4% in the fourth quarter. First Trust Advisors LP now owns 75,936 shares of the construction company’s stock worth $2,426,000 after purchasing an additional 25,095 shares in the last quarter. New Mexico Educational Retirement Board acquired a new position in KB Home in the fourth quarter worth about $658,000. Finally, IPG Investment Advisors LLC acquired a new position in KB Home in the fourth quarter worth about $258,000. Institutional investors and hedge funds own 98.15% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “KeyCorp Comments on KB Home’s Q1 2018 Earnings (KBH)” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international copyright legislation. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2018/02/09/keycorp-comments-on-kb-homes-q1-2018-earnings-kbh.html.

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.

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.

Leave a Reply