Zacks Research Forecasts KB Home’s Q3 Earnings (NYSE:KBH)

KB Home (NYSE:KBH) – Zacks Research increased their Q3 2027 earnings per share estimates for KB Home in a report released on Monday, July 13th. Zacks Research analyst Team now anticipates that the construction company will post earnings per share of $1.02 for the quarter, up from their prior estimate of $1.01. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for KB Home’s current full-year earnings is $3.30 per share.

Several other research analysts also recently weighed in on the stock. Citizens Jmp restated a “market outperform” rating and issued a $77.00 target price on shares of KB Home in a research note on Wednesday, June 24th. Truist Financial boosted their price objective on shares of KB Home from $50.00 to $56.00 and gave the stock a “hold” rating in a report on Wednesday, June 24th. Barclays upped their price objective on shares of KB Home from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Wall Street Zen upgraded KB Home from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $53.00 price target on shares of KB Home in a report on Wednesday, June 24th. Four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $60.17.

KB Home Stock Up 2.3%

Shares of NYSE:KBH opened at $57.74 on Wednesday. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 9.35 and a beta of 1.34. The company has a 50 day moving average of $53.28 and a two-hundred day moving average of $55.75. KB Home has a 52-week low of $44.03 and a 52-week high of $68.71.

KB Home (NYSE:KBH) last released its quarterly earnings results on Tuesday, June 23rd. The construction company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.09 billion. KB Home had a return on equity of 7.67% and a net margin of 4.94%.The business’s revenue was down 27.3% on a year-over-year basis. During the same period last year, the firm posted $1.50 earnings per share.

KB Home Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. KB Home’s payout ratio is presently 34.84%.

Hedge Funds Weigh In On KB Home

Several large investors have recently modified their holdings of KBH. Bessemer Group Inc. grew its stake in KB Home by 80.0% in the first quarter. Bessemer Group Inc. now owns 495 shares of the construction company’s stock worth $26,000 after purchasing an additional 220 shares in the last quarter. Eastern Bank bought a new position in KB Home during the 2nd quarter worth approximately $26,000. First Horizon Corp lifted its holdings in KB Home by 178.9% during the 4th quarter. First Horizon Corp now owns 502 shares of the construction company’s stock worth $28,000 after buying an additional 322 shares during the last quarter. Parkside Financial Bank & Trust grew its position in shares of KB Home by 73.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock worth $33,000 after acquiring an additional 250 shares in the last quarter. Finally, Fulcrum Asset Management LLP acquired a new position in shares of KB Home in the 3rd quarter worth approximately $36,000. Institutional investors own 96.09% of the company’s stock.

KB Home Company Profile

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.