$0.52 Earnings Per Share Expected for KB Home (KBH) This Quarter

Wall Street brokerages expect KB Home (NYSE:KBH) to report $0.52 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have issued estimates for KB Home’s earnings, with the lowest EPS estimate coming in at $0.44 and the highest estimate coming in at $0.61. KB Home reported earnings of $0.33 per share during the same quarter last year, which indicates a positive year over year growth rate of 57.6%. The firm is expected to report its next earnings results on Tuesday, June 26th.

On average, analysts expect that KB Home will report full year earnings of $2.78 per share for the current fiscal year, with EPS estimates ranging from $2.60 to $3.10. For the next year, analysts expect that the firm will post earnings of $3.32 per share, with EPS estimates ranging from $3.10 to $4.09. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for KB Home.

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KB Home (NYSE:KBH) last announced its quarterly earnings results on Thursday, March 22nd. The construction company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.11. The company had revenue of $871.60 million for the quarter, compared to analysts’ expectations of $878.77 million. KB Home had a net margin of 2.15% and a return on equity of 11.16%. KB Home’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.15 EPS.

KBH has been the topic of several research analyst reports. ValuEngine cut shares of KB Home from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 1st. Credit Suisse Group restated a “neutral” rating and set a $38.00 target price (up previously from $31.00) on shares of KB Home in a research note on Monday, January 22nd. They noted that the move was a valuation call. JPMorgan Chase restated an “underweight” rating and set a $27.00 target price (up previously from $25.50) on shares of KB Home in a research note on Tuesday, December 19th. Zacks Investment Research upgraded shares of KB Home from a “hold” rating to a “strong-buy” rating and set a $39.00 target price on the stock in a research note on Tuesday, January 9th. Finally, Citigroup cut shares of KB Home from a “neutral” rating to a “sell” rating and set a $27.00 target price on the stock. in a research note on Tuesday, January 2nd. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $29.69.

In other news, CFO Jeff Kaminski sold 125,000 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $32.53, for a total value of $4,066,250.00. Following the transaction, the chief financial officer now owns 237,775 shares in the company, valued at approximately $7,734,820.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Thomas F. Norton sold 47,179 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $30.32, for a total transaction of $1,430,467.28. Following the completion of the transaction, the senior vice president now owns 103,562 shares in the company, valued at approximately $3,139,999.84. The disclosure for this sale can be found here. 8.60% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the company. Elkfork Partners LLC bought a new position in shares of KB Home in the 4th quarter worth approximately $331,000. Xact Kapitalforvaltning AB bought a new position in shares of KB Home in the 4th quarter worth approximately $245,000. Vanguard Capital Wealth Advisors bought a new position in shares of KB Home in the 4th quarter worth approximately $262,000. MetLife Investment Advisors LLC bought a new position in shares of KB Home in the 4th quarter worth approximately $2,909,000. Finally, PEAK6 Investments L.P. lifted its stake in shares of KB Home by 77.7% in the 4th quarter. PEAK6 Investments L.P. now owns 22,035 shares of the construction company’s stock worth $704,000 after purchasing an additional 9,635 shares during the period. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Shares of KB Home stock opened at $29.91 on Tuesday. The stock has a market capitalization of $2,540.39, a P/E ratio of 14.08, a PEG ratio of 0.65 and a beta of 1.43. KB Home has a 1 year low of $19.39 and a 1 year high of $38.80. The company has a current ratio of 1.37, a quick ratio of 0.26 and a debt-to-equity ratio of 1.21.

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

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