KB Home (KBH) Getting Somewhat Favorable News Coverage, Study Finds
News articles about KB Home (NYSE:KBH) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. KB Home earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the construction company an impact score of 46.3327104498741 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- KB ProjeKt Home Wins TechHome Brilliance Award – Builder Magazine (builderonline.com)
- $887.09 Million in Sales Expected for KB Home (KBH) This Quarter (americanbankingnews.com)
- Top Ranked Growth Stocks to Buy for February 12th (zacks.com)
- KeyCorp Weighs in on KB Home’s Q2 2018 Earnings (KBH) (americanbankingnews.com)
- Brokerages Anticipate KB Home (KBH) to Announce $0.30 EPS (americanbankingnews.com)
A number of equities analysts have recently commented on KBH shares. JPMorgan Chase & Co. reissued an “underweight” rating and set a $27.00 price target (up previously from $25.50) on shares of KB Home in a report on Tuesday, December 19th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $33.00 price target on shares of KB Home in a report on Friday, December 22nd. Buckingham Research cut KB Home from a “neutral” rating to an “underperform” rating and boosted their price target for the stock from $28.00 to $34.00 in a report on Friday, January 12th. They noted that the move was a valuation call. Royal Bank of Canada boosted their price target on KB Home to $40.00 and gave the stock a “sector perform” rating in a report on Monday, January 15th. Finally, Credit Suisse Group reissued a “neutral” rating and set a $38.00 price target (up previously from $31.00) on shares of KB Home in a report on Monday, January 22nd. They noted that the move was a valuation call. Six research analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. KB Home presently has an average rating of “Hold” and an average price target of $29.07.
KB Home (NYSE:KBH) last issued its quarterly earnings data on Wednesday, January 10th. The construction company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.36 billion. KB Home had a return on equity of 17.85% and a net margin of 6.01%. KB Home’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS. analysts forecast that KB Home will post 2.61 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Thursday, February 8th will be given a dividend of $0.025 per share. The ex-dividend date is Wednesday, February 7th. This represents a $0.10 dividend on an annualized basis and a yield of 0.33%. KB Home’s dividend payout ratio is currently 5.46%.
In related news, CFO Jeff Kaminski sold 125,000 shares of the business’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $32.53, for a total transaction of $4,066,250.00. Following the sale, the chief financial officer now owns 237,775 shares in the company, valued at approximately $7,734,820.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 8.60% of the company’s stock.
KB Home Company Profile
KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.
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