KB Home (KBH) Projected to Post Earnings on Monday

KB Home (NYSE:KBH) is expected to be posting its quarterly earnings results before the market opens on Monday, March 24th. Analysts expect KB Home to post earnings of $1.58 per share and revenue of $1.51 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

KB Home (NYSE:KBH) last announced its earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.08. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.99 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.85 EPS. On average, analysts expect KB Home to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

KB Home Stock Down 2.7 %

Shares of NYSE KBH opened at $59.61 on Friday. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $4.26 billion, a PE ratio of 7.04, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. The stock’s fifty day simple moving average is $64.22 and its two-hundred day simple moving average is $73.17. KB Home has a 12-month low of $58.80 and a 12-month high of $89.70.

KB Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were given a $0.25 dividend. The ex-dividend date was Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.68%. KB Home’s payout ratio is 11.81%.

Insider Transactions at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total value of $1,891,175.00. Following the sale, the chief financial officer now owns 34,473 shares of the company’s stock, valued at $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 4.44% of the company’s stock.

Wall Street Analysts Forecast Growth

KBH has been the subject of a number of recent analyst reports. Royal Bank of Canada raised KB Home from an “underperform” rating to a “sector perform” rating and lowered their price objective for the stock from $70.00 to $67.00 in a research report on Friday, January 10th. Evercore ISI lifted their price target on KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. Barclays lowered their price target on KB Home from $85.00 to $60.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Raymond James reiterated an “outperform” rating and set a $80.00 price objective (down previously from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Finally, Seaport Res Ptn upgraded KB Home from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $75.21.

KB Home Company Profile

KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.