KB Home (KBH) Projected to Post Earnings on Monday

KB Home (NYSE:KBH) is expected to release its earnings data before the market opens on Monday, March 24th. Analysts expect KB Home to post earnings of $1.58 per share and revenue of $1.51 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

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

Shares of KBH stock opened at $59.61 on Friday. The business’s 50-day moving average price is $64.22 and its 200-day moving average price is $73.17. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 7.04, a PEG ratio of 0.90 and a beta of 1.89. KB Home has a 12 month low of $58.80 and a 12 month high of $89.70.

KB Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Thursday, February 6th. KB Home’s dividend payout ratio is currently 11.81%.

Insider Activity at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was 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 of the company’s stock, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.44% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on KBH shares. Royal Bank of Canada raised KB Home from an “underperform” rating to a “sector perform” rating and lowered their price target for the company from $70.00 to $67.00 in a research report on Friday, January 10th. The Goldman Sachs Group decreased their target price on KB Home from $81.00 to $72.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Keefe, Bruyette & Woods decreased their target price on KB Home from $85.00 to $76.00 and set a “market perform” rating for the company in a research report on Friday, January 17th. Raymond James reiterated an “outperform” rating and set a $80.00 price target (down previously from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. cut their price target on KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, KB Home currently has an average rating of “Hold” and an average target price of $75.21.

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.