Q2 2024 EPS Estimates for KB Home (NYSE:KBH) Raised by Zacks Research

KB Home (NYSE:KBHFree Report) – Research analysts at Zacks Research raised their Q2 2024 EPS estimates for shares of KB Home in a research report issued to clients and investors on Monday, April 1st. Zacks Research analyst S. Mukherjee now expects that the construction company will earn $1.80 per share for the quarter, up from their previous estimate of $1.73. The consensus estimate for KB Home’s current full-year earnings is $7.82 per share. Zacks Research also issued estimates for KB Home’s Q3 2024 earnings at $2.04 EPS, Q4 2024 earnings at $2.31 EPS, FY2024 earnings at $7.91 EPS, Q1 2025 earnings at $1.72 EPS, Q2 2025 earnings at $2.04 EPS, Q3 2025 earnings at $2.26 EPS, FY2025 earnings at $8.44 EPS, Q1 2026 earnings at $1.82 EPS and FY2026 earnings at $8.93 EPS.

KB Home (NYSE:KBHGet Free Report) last issued its quarterly earnings results on Wednesday, March 20th. The construction company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.57 by $0.19. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. KB Home had a net margin of 9.29% and a return on equity of 15.78%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.45 EPS.

KBH has been the topic of several other reports. Barclays upped their price target on shares of KB Home from $75.00 to $77.00 and gave the company an “overweight” rating in a report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft downgraded shares of KB Home from a “hold” rating to a “sell” rating and dropped their target price for the stock from $55.00 to $46.00 in a research note on Friday, December 8th. Evercore ISI dropped their target price on shares of KB Home from $82.00 to $78.00 and set an “outperform” rating on the stock in a research note on Thursday, March 21st. Wells Fargo & Company upped their target price on shares of KB Home from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 21st. Finally, StockNews.com upgraded shares of KB Home from a “hold” rating to a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $66.11.

View Our Latest Stock Analysis on KBH

KB Home Trading Down 3.2 %

Shares of NYSE:KBH opened at $67.65 on Tuesday. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 0.82 and a beta of 1.73. KB Home has a 12 month low of $38.26 and a 12 month high of $72.00. The firm’s 50-day moving average is $64.80 and its 200 day moving average is $57.08.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $0.80 dividend on an annualized basis and a yield of 1.18%. KB Home’s payout ratio is 10.88%.

Insider Activity at KB Home

In related news, CAO William R. Hollinger sold 45,471 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $60.47, for a total transaction of $2,749,631.37. Following the completion of the sale, the chief accounting officer now owns 109,981 shares of the company’s stock, valued at $6,650,551.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO William R. Hollinger sold 45,471 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $60.47, for a total transaction of $2,749,631.37. Following the completion of the sale, the chief accounting officer now owns 109,981 shares of the company’s stock, valued at $6,650,551.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brian J. Woram sold 83,272 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $60.53, for a total transaction of $5,040,454.16. Following the sale, the executive vice president now directly owns 156,119 shares of the company’s stock, valued at approximately $9,449,883.07. The disclosure for this sale can be found here. Insiders sold 373,635 shares of company stock valued at $22,400,005 over the last 90 days. Insiders own 3.52% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. raised its holdings in shares of KB Home by 32.3% in the third quarter. American Century Companies Inc. now owns 1,251,656 shares of the construction company’s stock worth $57,927,000 after buying an additional 305,820 shares during the last quarter. Trexquant Investment LP raised its holdings in shares of KB Home by 7.1% in the third quarter. Trexquant Investment LP now owns 181,169 shares of the construction company’s stock worth $8,385,000 after buying an additional 12,048 shares during the last quarter. Advisors Preferred LLC increased its stake in shares of KB Home by 188.4% in the third quarter. Advisors Preferred LLC now owns 50,820 shares of the construction company’s stock worth $2,331,000 after acquiring an additional 33,197 shares during the period. Los Angeles Capital Management LLC increased its stake in shares of KB Home by 36.6% in the third quarter. Los Angeles Capital Management LLC now owns 15,619 shares of the construction company’s stock worth $723,000 after acquiring an additional 4,188 shares during the period. Finally, Qube Research & Technologies Ltd increased its stake in shares of KB Home by 935.4% in the third quarter. Qube Research & Technologies Ltd now owns 92,896 shares of the construction company’s stock worth $4,299,000 after acquiring an additional 83,924 shares during the period. Hedge funds and other institutional investors own 96.09% of the company’s stock.

About KB Home

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

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