KB Home (KBH) to Release Earnings on Tuesday

KB Home (NYSE:KBH) is scheduled to be releasing its earnings data after the market closes on Tuesday, September 24th. Analysts expect KB Home to post earnings of $2.04 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

KB Home (NYSE:KBH) last posted its earnings results on Tuesday, June 18th. The construction company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.37. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.64 billion. KB Home had a return on equity of 15.66% and a net margin of 9.43%. 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 Stock Performance

KB Home stock opened at $86.41 on Tuesday. The stock’s 50 day simple moving average is $80.63 and its two-hundred day simple moving average is $72.56. The stock has a market cap of $6.50 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 0.80 and a beta of 1.81. KB Home has a fifty-two week low of $42.11 and a fifty-two week high of $88.31.

KB Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $1.00 annualized dividend and a yield of 1.16%. KB Home’s payout ratio is 13.23%.

Wall Street Analyst Weigh In

KBH has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on shares of KB Home from $70.00 to $80.00 and gave the stock an “equal weight” rating in a report on Monday, September 9th. Royal Bank of Canada cut KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 target price on the stock. in a report on Thursday, September 5th. Keefe, Bruyette & Woods raised their target price on KB Home from $74.00 to $77.00 and gave the stock a “market perform” rating in a report on Thursday, June 20th. Wedbush reiterated a “neutral” rating and issued a $67.00 price target on shares of KB Home in a research note on Thursday, September 12th. Finally, The Goldman Sachs Group increased their price target on KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $73.71.

KB Home Company Profile

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.