KB Home (KBH) Set to Announce Quarterly Earnings on Wednesday

KB Home (NYSE:KBH) will be announcing its earnings results after the market closes on Wednesday, September 20th. Analysts expect the company to announce earnings of $1.37 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

KB Home (NYSE:KBH) last released its quarterly earnings data on Wednesday, June 21st. The construction company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.61. KB Home had a return on equity of 20.85% and a net margin of 10.98%. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the company posted $2.32 earnings per share. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, analysts expect KB Home to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

KB Home Stock Down 2.3 %

NYSE:KBH opened at $49.58 on Wednesday. KB Home has a 52 week low of $25.31 and a 52 week high of $55.37. The company has a market capitalization of $4.00 billion, a P/E ratio of 5.69, a P/E/G ratio of 1.13 and a beta of 1.68. The stock’s fifty day moving average is $51.77 and its two-hundred day moving average is $46.06.

KB Home Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Thursday, August 3rd were given a $0.20 dividend. The ex-dividend date was Wednesday, August 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.61%. This is an increase from KB Home’s previous quarterly dividend of $0.15. KB Home’s payout ratio is currently 9.17%.

Insider Transactions at KB Home

In other news, CFO Jeff Kaminski sold 108,396 shares of the firm’s stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $51.15, for a total transaction of $5,544,455.40. Following the sale, the chief financial officer now owns 152,626 shares in the company, valued at $7,806,819.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Jeff Kaminski sold 108,396 shares of KB Home stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $51.15, for a total value of $5,544,455.40. Following the transaction, the chief financial officer now owns 152,626 shares in the company, valued at $7,806,819.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Brian J. Woram sold 40,000 shares of KB Home stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $52.80, for a total value of $2,112,000.00. Following the completion of the transaction, the executive vice president now owns 158,654 shares in the company, valued at approximately $8,376,931.20. The disclosure for this sale can be found here. Insiders have sold 162,574 shares of company stock worth $8,399,080 over the last quarter. 4.44% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KBH. Harbour Investments Inc. purchased a new stake in shares of KB Home during the second quarter worth about $26,000. Lazard Asset Management LLC purchased a new stake in shares of KB Home during the first quarter worth about $40,000. Acadian Asset Management LLC increased its position in shares of KB Home by 35.5% during the first quarter. Acadian Asset Management LLC now owns 2,169 shares of the construction company’s stock worth $69,000 after acquiring an additional 568 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of KB Home during the second quarter worth about $135,000. Finally, Captrust Financial Advisors increased its position in shares of KB Home by 27.4% during the second quarter. Captrust Financial Advisors now owns 5,825 shares of the construction company’s stock worth $166,000 after acquiring an additional 1,251 shares during the last quarter. 91.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Credit Suisse Group upped their price target on KB Home from $42.00 to $51.00 in a report on Thursday, June 22nd. Raymond James upgraded KB Home from a “market perform” rating to an “outperform” rating and set a $61.00 price target on the stock in a report on Friday, July 14th. UBS Group upped their price target on KB Home from $48.00 to $65.00 in a report on Thursday, June 22nd. Seaport Res Ptn restated a “neutral” rating on shares of KB Home in a report on Wednesday, June 14th. Finally, StockNews.com started coverage on KB Home in a report on Thursday, August 17th. They set a “hold” rating on the stock. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, KB Home has a consensus rating of “Hold” and an average target price of $52.27.

KB Home Company Profile

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.