FY2024 EPS Estimates for KB Home (NYSE:KBH) Reduced by Analyst

KB Home (NYSE:KBH) – Investment analysts at Wedbush lowered their FY2024 EPS estimates for KB Home in a research note issued on Wednesday, September 25th. Wedbush analyst J. Mccanless now expects that the construction company will post earnings of $8.48 per share for the year, down from their previous forecast of $8.54. Wedbush currently has a “Neutral” rating and a $75.00 target price on the stock. The consensus estimate for KB Home’s current full-year earnings is $8.38 per share. Wedbush also issued estimates for KB Home’s Q2 2025 earnings at $2.27 EPS, Q4 2025 earnings at $3.15 EPS, Q2 2026 earnings at $2.49 EPS, Q3 2026 earnings at $2.79 EPS and FY2026 earnings at $11.07 EPS.

KB Home (NYSE:KBH) last released its quarterly earnings data on Tuesday, September 24th. The construction company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.02). KB Home had a net margin of 9.43% and a return on equity of 15.66%. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the previous year, the firm earned $1.80 earnings per share. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis.

Several other analysts have also issued reports on KBH. Royal Bank of Canada lowered shares of KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 target price for the company. in a research report on Thursday, September 5th. The Goldman Sachs Group boosted their target price on shares of KB Home from $72.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Bank of America boosted their target price on shares of KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Barclays boosted their target price on shares of KB Home from $78.00 to $99.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Finally, Keefe, Bruyette & Woods upped their price target on shares of KB Home from $74.00 to $77.00 and gave the stock a “market perform” rating in a research report on Thursday, June 20th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $77.27.

KB Home Stock Up 2.0 %

KBH opened at $85.94 on Monday. The firm has a 50 day moving average price of $82.58 and a 200-day moving average price of $73.65. The stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 0.89 and a beta of 1.81. KB Home has a twelve month low of $42.11 and a twelve month high of $89.70.

KB Home Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were paid a dividend of $0.25 per share. The ex-dividend date 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%.

Hedge Funds Weigh In On KB Home

Several institutional investors have recently bought and sold shares of KBH. LSV Asset Management grew its stake in KB Home by 118.4% during the second quarter. LSV Asset Management now owns 1,056,400 shares of the construction company’s stock valued at $74,138,000 after acquiring an additional 572,800 shares in the last quarter. Swedbank AB purchased a new position in KB Home during the first quarter valued at $13,047,000. WINTON GROUP Ltd grew its stake in KB Home by 754.7% during the second quarter. WINTON GROUP Ltd now owns 206,789 shares of the construction company’s stock valued at $14,512,000 after acquiring an additional 182,595 shares in the last quarter. American Century Companies Inc. grew its stake in KB Home by 9.6% during the second quarter. American Century Companies Inc. now owns 1,684,863 shares of the construction company’s stock valued at $118,244,000 after acquiring an additional 147,326 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in KB Home by 190.8% during the second quarter. Assenagon Asset Management S.A. now owns 104,708 shares of the construction company’s stock valued at $7,348,000 after acquiring an additional 68,697 shares in the last quarter. 96.09% of the stock is owned by hedge funds and other institutional investors.

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.