KB Home (KBH) Projected to Post Quarterly Earnings on Monday

KB Home (NYSE:KBH) is projected to issue its quarterly earnings data before the market opens on Monday, March 24th. Analysts expect the company to announce earnings of $1.58 per share and revenue of $1.51 billion for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

KB Home (NYSE:KBH) last announced its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.08. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period in the previous year, the business posted $1.85 earnings per share. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. On average, analysts expect KB Home to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

KB Home Stock Performance

Shares of KBH stock opened at $60.59 on Monday. The company has a 50 day moving average price of $64.62 and a 200-day moving average price of $73.84. KB Home has a 52 week low of $59.00 and a 52 week high of $89.70. The firm has a market capitalization of $4.33 billion, a PE ratio of 7.15, a P/E/G ratio of 0.90 and a beta of 1.89. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were paid a $0.25 dividend. The ex-dividend date was Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.65%. KB Home’s dividend payout ratio is presently 11.81%.

Insider Transactions at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total value of $1,891,175.00. Following the sale, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.44% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on KBH shares. Bank of America cut their target price on shares of KB Home from $76.00 to $71.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. The Goldman Sachs Group lowered their price target on shares of KB Home from $81.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Raymond James reaffirmed an “outperform” rating and set a $80.00 price target (down previously from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Royal Bank of Canada raised shares of KB Home from an “underperform” rating to a “sector perform” rating and lowered their price target for the company from $70.00 to $67.00 in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. lowered their price target on shares of KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, KB Home has an average rating of “Hold” and an average target price of $75.21.

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.