KB Home (NYSE:KBH) Expected to Announce Quarterly Sales of $1.61 Billion

Wall Street analysts forecast that KB Home (NYSE:KBHGet Rating) will announce sales of $1.61 billion for the current quarter, according to Zacks. Five analysts have made estimates for KB Home’s earnings, with the highest sales estimate coming in at $1.61 billion and the lowest estimate coming in at $1.60 billion. KB Home reported sales of $1.44 billion during the same quarter last year, which would suggest a positive year over year growth rate of 11.8%. The company is scheduled to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that KB Home will report full-year sales of $7.40 billion for the current financial year, with estimates ranging from $7.30 billion to $7.46 billion. For the next year, analysts expect that the firm will report sales of $8.38 billion, with estimates ranging from $8.14 billion to $8.84 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for KB Home.

KB Home (NYSE:KBHGet Rating) last released its quarterly earnings data on Wednesday, March 23rd. The construction company reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.09). The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.49 billion. KB Home had a return on equity of 20.40% and a net margin of 10.06%. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.02 earnings per share.

KBH has been the topic of several analyst reports. Credit Suisse Group initiated coverage on KB Home in a report on Tuesday, April 5th. They set an “outperform” rating and a $42.00 target price on the stock. Bank of America upgraded KB Home from a “neutral” rating to a “buy” rating and dropped their target price for the company from $56.00 to $53.00 in a report on Thursday, January 27th. They noted that the move was a valuation call. Raymond James raised their target price on KB Home from $55.00 to $63.00 and gave the company a “strong-buy” rating in a report on Friday, January 14th. Barclays dropped their target price on KB Home from $50.00 to $47.00 in a report on Thursday, March 31st. Finally, UBS Group initiated coverage on KB Home in a report on Wednesday, January 19th. They set a “buy” rating and a $67.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, KB Home currently has an average rating of “Buy” and an average target price of $50.77.

Shares of KB Home stock traded up $0.71 during trading hours on Tuesday, reaching $32.16. The stock had a trading volume of 4,492,313 shares, compared to its average volume of 2,532,715. The business’s 50 day simple moving average is $36.67. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 4.96, a price-to-earnings-growth ratio of 0.23 and a beta of 1.71. KB Home has a 1 year low of $30.13 and a 1 year high of $52.48.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 19th. Stockholders of record on Thursday, May 5th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, May 4th. This represents a $0.60 annualized dividend and a dividend yield of 1.87%. KB Home’s payout ratio is 9.26%.

Institutional investors and hedge funds have recently modified their holdings of the company. Ridgewood Investments LLC bought a new stake in shares of KB Home in the 1st quarter worth approximately $352,000. Nordea Investment Management AB lifted its holdings in shares of KB Home by 1.7% in the 1st quarter. Nordea Investment Management AB now owns 180,269 shares of the construction company’s stock worth $6,028,000 after purchasing an additional 3,017 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of KB Home by 1,375.4% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 900 shares of the construction company’s stock worth $29,000 after purchasing an additional 839 shares during the last quarter. American Trust bought a new stake in shares of KB Home in the 4th quarter worth approximately $203,000. Finally, Norges Bank bought a new stake in shares of KB Home in the 4th quarter worth approximately $35,670,000. Institutional investors own 88.20% of the company’s stock.

KB Home Company Profile (Get Rating)

KB Home engages in selling and building a variety of new homes. It builds various types of homes, including attached and detached single-family homes, townhomes, and condominiums. The firm operates through the following segments: West Coast, Southwest, Central, and Southeast. It offer homes in development communities, at urban in-fill locations and as part of mixed-use projects.

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

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