KB Home (KBH) Expected to Announce Quarterly Sales of $1.36 Billion

Equities analysts predict that KB Home (NYSE:KBH) will report sales of $1.36 billion for the current fiscal quarter, Zacks reports. Six analysts have made estimates for KB Home’s earnings. The lowest sales estimate is $1.34 billion and the highest is $1.38 billion. KB Home reported sales of $1.19 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 14.3%. The company is scheduled to report its next earnings report on Wednesday, January 10th.

According to Zacks, analysts expect that KB Home will report full year sales of $1.36 billion for the current fiscal year, with estimates ranging from $4.29 billion to $4.35 billion. For the next fiscal year, analysts forecast that the company will report sales of $4.72 billion per share, with estimates ranging from $4.59 billion to $4.79 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for KB Home.

KB Home (NYSE:KBH) last released its earnings results on Thursday, September 28th. The construction company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.04. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.12 billion. KB Home had a return on equity of 7.57% and a net margin of 3.22%. The company’s revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 EPS.

Several equities analysts have recently weighed in on the company. Zacks Investment Research cut KB Home from a “buy” rating to a “hold” rating in a report on Monday. Royal Bank Of Canada restated a “hold” rating and issued a $31.00 price objective on shares of KB Home in a report on Wednesday, November 15th. UBS assumed coverage on KB Home in a report on Wednesday, October 25th. They issued a “sell” rating and a $24.00 price objective for the company. Wedbush cut KB Home from an “outperform” rating to a “neutral” rating in a report on Thursday, October 19th. Finally, MKM Partners restated a “neutral” rating and issued a $26.00 price objective (up previously from $24.00) on shares of KB Home in a report on Monday, October 2nd. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the company. KB Home has an average rating of “Hold” and an average target price of $22.44.

KB Home (KBH) traded up $0.68 during mid-day trading on Thursday, reaching $30.77. The company’s stock had a trading volume of 551,976 shares, compared to its average volume of 2,534,157. The company has a market cap of $2,605.39, a PE ratio of 21.67, a PEG ratio of 0.71 and a beta of 1.69. KB Home has a 52-week low of $15.51 and a 52-week high of $31.47.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Thursday, November 2nd were given a $0.025 dividend. The ex-dividend date was Wednesday, November 1st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.32%. KB Home’s payout ratio is 7.19%.

In other news, EVP Brian J. Woram sold 49,529 shares of KB Home stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $27.11, for a total value of $1,342,731.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Albert Z. Praw sold 150,000 shares of KB Home stock in a transaction that occurred on Monday, October 9th. The shares were 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 currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of KBH. Vanguard Group Inc. grew its stake in shares of KB Home by 7.7% in the second quarter. Vanguard Group Inc. now owns 6,884,880 shares of the construction company’s stock worth $165,031,000 after purchasing an additional 492,594 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in KB Home by 16.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,803,374 shares of the construction company’s stock valued at $67,196,000 after buying an additional 394,584 shares during the period. State Street Corp raised its holdings in shares of KB Home by 3.2% during the second quarter. State Street Corp now owns 2,665,501 shares of the construction company’s stock valued at $63,890,000 after purchasing an additional 83,179 shares during the period. Capital World Investors raised its holdings in shares of KB Home by 30.1% during the second quarter. Capital World Investors now owns 2,117,000 shares of the construction company’s stock valued at $50,744,000 after purchasing an additional 490,000 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of KB Home by 1.9% during the second quarter. Northern Trust Corp now owns 1,337,380 shares of the construction company’s stock valued at $32,058,000 after purchasing an additional 25,523 shares during the period. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

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

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