KB Home (KBH) Scheduled to Post Quarterly Earnings on Tuesday

KB Home (NYSE:KBH) is set to release its earnings data after the market closes on Tuesday, September 24th. Analysts expect KB Home to post earnings of $2.04 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

KB Home Stock Performance

KBH opened at $87.23 on Friday. The company has a market cap of $6.56 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 0.80 and a beta of 1.81. KB Home has a one year low of $42.11 and a one year high of $89.70. The business’s fifty day moving average is $81.99 and its two-hundred day moving average is $73.08.

KB Home Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were issued a $0.25 dividend. 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 presently 13.23%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective 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. Evercore ISI lifted their price objective on KB Home from $86.00 to $89.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Bank of America upped their price objective on shares of KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday. Wedbush reissued a “neutral” rating and set a $67.00 price target on shares of KB Home in a research report on Thursday, September 12th. Finally, The Goldman Sachs Group raised their price objective on KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $74.96.

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.