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.
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.
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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.
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