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

Wall Street brokerages expect that KB Home (NYSE:KBHGet 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:KBHGet 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.

Recommended Stories

Get a free copy of the Zacks research report on KB Home (KBH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related companies with MarketBeat.com's FREE daily email newsletter.