$1.61 Billion in Sales Expected for KB Home (NYSE:KBH) This Quarter

Wall Street brokerages expect that KB Home (NYSE:KBH – Get Rating) will post $1.61 billion in sales for the current quarter, according to Zacks. Five analysts have made estimates for KB Home’s earnings. The lowest sales estimate is $1.60 billion and the highest is $1.61 billion. KB Home reported sales of $1.44 billion during the same quarter last year, which indicates a positive year over year growth rate of 11.8%. The firm is scheduled to issue its next quarterly 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 fiscal 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’ sales calculations are a mean average based on a survey of sell-side research firms that cover KB Home.

KB Home (NYSE:KBH – Get Rating) last released its quarterly earnings results on Wednesday, March 23rd. The construction company reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.09). KB Home had a net margin of 10.06% and a return on equity of 20.40%. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the company posted $1.02 EPS. The business’s quarterly revenue was up 22.6% on a year-over-year basis.

KBH has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on KB Home in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. JPMorgan Chase & Co. lowered their price target on shares of KB Home from $49.00 to $39.00 and set an “overweight” rating for the company in a research report on Wednesday, April 13th. Bank of America raised shares of KB Home from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $56.00 to $53.00 in a research report on Thursday, January 27th. They noted that the move was a valuation call. The Goldman Sachs Group lowered their price target on shares of KB Home from $55.00 to $39.00 and set a “buy” rating for the company in a research report on Tuesday, April 12th. Finally, Seaport Res Ptn upgraded shares of KB Home from a “neutral” rating to a “buy” rating in a research note on Friday, January 21st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $47.77.

KBH stock opened at $32.89 on Tuesday. The business’s fifty day simple moving average is $34.12 and its two-hundred day simple moving average is $39.09. KB Home has a twelve month low of $30.13 and a twelve month high of $50.20. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 5.08, a PEG ratio of 0.33 and a beta of 1.60.

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 19th. Investors of record on Thursday, May 5th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Wednesday, May 4th. KB Home’s dividend payout ratio (DPR) is presently 9.26%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in KB Home by 1.4% during the first quarter. Vanguard Group Inc. now owns 7,970,899 shares of the construction company’s stock worth $258,098,000 after buying an additional 108,191 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in KB Home by 0.4% during the third quarter. Macquarie Group Ltd. now owns 3,800,144 shares of the construction company’s stock valued at $147,902,000 after purchasing an additional 13,738 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in KB Home by 3.2% during the third quarter. Dimensional Fund Advisors LP now owns 2,972,346 shares of the construction company’s stock valued at $115,691,000 after purchasing an additional 92,744 shares in the last quarter. State Street Corp lifted its holdings in KB Home by 5.4% during the first quarter. State Street Corp now owns 2,740,695 shares of the construction company’s stock valued at $88,744,000 after purchasing an additional 139,643 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its position in KB Home by 125.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,077,861 shares of the construction company’s stock worth $67,281,000 after acquiring an additional 1,156,233 shares during the last quarter. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

KB Home Company Profile (Get Rating)

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.

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