Q3 2024 EPS Estimates for KB Home (NYSE:KBH) Cut by Zacks Research

KB Home (NYSE:KBH) – Zacks Research dropped their Q3 2024 earnings per share estimates for KB Home in a note issued to investors on Tuesday, September 17th. Zacks Research analyst S. Mukherjee now anticipates that the construction company will post earnings per share of $2.04 for the quarter, down from their prior estimate of $2.07. The consensus estimate for KB Home’s current full-year earnings is $8.38 per share. Zacks Research also issued estimates for KB Home’s Q4 2024 earnings at $2.44 EPS, FY2024 earnings at $8.39 EPS, Q1 2025 earnings at $1.75 EPS, Q2 2025 earnings at $2.20 EPS, Q3 2025 earnings at $2.34 EPS, Q4 2025 earnings at $2.69 EPS, FY2025 earnings at $8.98 EPS, Q1 2026 earnings at $1.91 EPS, Q2 2026 earnings at $2.32 EPS and FY2026 earnings at $9.81 EPS.

KB Home (NYSE:KBH) last issued its earnings results on Tuesday, June 18th. The construction company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.37. KB Home had a return on equity of 15.66% and a net margin of 9.43%. The firm had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.64 billion.

A number of other equities research analysts have also commented on KBH. Keefe, Bruyette & Woods raised their price target on KB Home from $74.00 to $77.00 and gave the stock a “market perform” rating in a research report on Thursday, June 20th. The Goldman Sachs Group raised their price target on KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Wedbush reissued a “neutral” rating and issued a $67.00 target price on shares of KB Home in a research report on Thursday, September 12th. Evercore ISI lifted their target price on KB Home from $86.00 to $89.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Finally, Wells Fargo & Company lifted their target price on KB Home from $70.00 to $80.00 and gave the company an “equal weight” rating in a research report on Monday, September 9th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $73.71.

KB Home Price Performance

NYSE KBH opened at $86.63 on Wednesday. The firm has a market cap of $6.51 billion, a P/E ratio of 11.46, a P/E/G ratio of 0.80 and a beta of 1.81. The stock’s 50-day moving average is $81.45 and its 200-day moving average is $72.79. KB Home has a one year low of $42.11 and a one year high of $89.37.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in KBH. Fidelis Capital Partners LLC bought a new position in shares of KB Home during the 1st quarter worth approximately $60,000. Plato Investment Management Ltd boosted its stake in KB Home by 72.0% in the 1st quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company’s stock valued at $77,000 after purchasing an additional 452 shares during the period. Tortoise Investment Management LLC boosted its stake in KB Home by 625.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company’s stock valued at $78,000 after purchasing an additional 963 shares during the period. Manchester Capital Management LLC boosted its stake in KB Home by 134.4% in the 1st quarter. Manchester Capital Management LLC now owns 1,137 shares of the construction company’s stock valued at $81,000 after purchasing an additional 652 shares during the period. Finally, Headlands Technologies LLC bought a new stake in KB Home in the 1st quarter valued at $120,000. Institutional investors and hedge funds own 96.09% of the company’s stock.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Thursday, August 8th. KB Home’s dividend payout ratio (DPR) is 13.23%.

About KB Home

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.