Zacks: Analysts Expect KB Home (KBH) to Post $0.77 Earnings Per Share

Wall Street analysts expect that KB Home (NYSE:KBH) will report $0.77 earnings per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for KB Home’s earnings. The highest EPS estimate is $0.79 and the lowest is $0.75. KB Home reported earnings of $0.40 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 92.5%. The business is scheduled to report its next quarterly earnings results after the market closes on Wednesday, January 10th.

On average, analysts expect that KB Home will report full-year earnings of $1.77 per share for the current year, with EPS estimates ranging from $1.74 to $1.80. For the next fiscal year, analysts anticipate that the company will post earnings of $2.17 per share, with EPS estimates ranging from $2.05 to $2.26. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for KB Home.

KB Home (NYSE:KBH) last posted its earnings results 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. KB Home had a return on equity of 7.57% and a net margin of 3.22%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the previous year, the firm earned $0.42 earnings per share. The business’s revenue was up 24.8% compared to the same quarter last year.

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods reissued a “hold” rating and set a $33.00 target price on shares of KB Home in a research note on Friday. Credit Suisse Group boosted their target price on KB Home from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, September 29th. J P Morgan Chase & Co reissued an “underweight” rating and set a $27.00 target price (up from $25.50) on shares of KB Home in a research note on Tuesday. Barclays boosted their target price on KB Home from $17.00 to $18.00 and gave the company an “underweight” rating in a research note on Friday, September 29th. Finally, Mizuho raised KB Home from an “underperform” rating to a “neutral” rating and set a $21.00 price target on the stock in a research note on Friday, September 29th. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $23.24.

KB Home (NYSE KBH) opened at $31.53 on Friday. KB Home has a 12 month low of $15.51 and a 12 month high of $31.95. The stock has a market capitalization of $2,738.60, a P/E ratio of 22.68, a PEG ratio of 0.75 and a beta of 1.69.

In other KB Home news, EVP Brian J. Woram sold 49,529 shares of the business’s stock in a transaction on Thursday, October 12th. The stock was 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 SEC, which is available through the SEC website. Also, EVP Albert Z. Praw sold 150,000 shares of the business’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $25.85, for a total value of $3,877,500.00. The disclosure for this sale can be found here. 8.60% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Atlantic Trust Group LLC bought a new stake in KB Home in the third quarter worth $1,250,000. GSA Capital Partners LLP bought a new position in shares of KB Home during the third quarter valued at $247,000. Piedmont Investment Advisors LLC bought a new position in shares of KB Home during the third quarter valued at $1,041,000. California Public Employees Retirement System lifted its holdings in shares of KB Home by 12.1% during the third quarter. California Public Employees Retirement System now owns 280,808 shares of the construction company’s stock valued at $6,773,000 after purchasing an additional 30,408 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in shares of KB Home during the third quarter valued at $706,000. 96.73% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This piece was originally reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another site, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The original version of this piece can be read at https://www.com-unik.info/2017/12/23/zacks-analysts-expect-kb-home-kbh-to-post-0-77-earnings-per-share.html.

About KB Home

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.

Get a free copy of the Zacks research report on KB Home (KBH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit