KB Home (KBH) to Release Earnings on Monday

KB Home (NYSE:KBH) is expected to be announcing its earnings results before the market opens on Monday, March 24th. Analysts expect the company to announce earnings of $1.58 per share and revenue of $1.51 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

KB Home (NYSE:KBH) last released its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.08. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter last year, the company earned $1.85 EPS. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. 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 Trading Down 2.7 %

Shares of KBH opened at $59.61 on Friday. KB Home has a 52-week low of $58.80 and a 52-week high of $89.70. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. The firm’s fifty day moving average is $64.22 and its two-hundred day moving average is $73.12. The stock has a market cap 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.

KB Home Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, February 6th. This represents a $1.00 annualized dividend and a yield of 1.68%. KB Home’s dividend payout ratio (DPR) is presently 11.81%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. The Goldman Sachs Group reduced their price target on KB Home from $81.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. UBS Group reduced their price target on KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Evercore ISI lifted their price target on KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Barclays reduced their price target on KB Home from $85.00 to $60.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Finally, Bank of America reduced their price target on KB Home from $76.00 to $71.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, KB Home presently has an average rating of “Hold” and a consensus price target of $75.21.

Insider Activity at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were 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 directly owns 34,473 shares in the company, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.89% of the stock is owned by insiders.

About KB Home

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.