Zacks: Analysts Expect KB Home (NYSE:KBH) to Post $0.66 EPS
Analysts expect KB Home (NYSE:KBH) to announce earnings of $0.66 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for KB Home’s earnings, with the highest EPS estimate coming in at $0.72 and the lowest estimate coming in at $0.60. KB Home posted earnings per share of $0.87 in the same quarter last year, which indicates a negative year over year growth rate of 24.1%. The company is expected to announce its next earnings results on Tuesday, September 24th.
On average, analysts expect that KB Home will report full year earnings of $2.68 per share for the current year, with EPS estimates ranging from $2.50 to $2.90. For the next financial year, analysts forecast that the business will post earnings of $3.10 per share, with EPS estimates ranging from $2.75 to $3.37. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover KB Home.
KB Home (NYSE:KBH) last issued its quarterly earnings results on Wednesday, June 26th. The construction company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.39 by $0.12. KB Home had a net margin of 5.94% and a return on equity of 12.43%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $933.49 million. During the same period in the previous year, the firm posted $0.57 EPS. The company’s revenue for the quarter was down 7.4% on a year-over-year basis.
NYSE:KBH traded down $0.15 on Friday, hitting $26.64. 1,418,968 shares of the company’s stock were exchanged, compared to its average volume of 1,964,865. The business has a 50-day simple moving average of $25.86. KB Home has a 52 week low of $16.82 and a 52 week high of $27.64. The stock has a market capitalization of $2.35 billion, a P/E ratio of 9.45, a P/E/G ratio of 1.14 and a beta of 1.42.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a dividend of $0.09 per share. The ex-dividend date is Wednesday, July 31st. This is a positive change from KB Home’s previous quarterly dividend of $0.03. This represents a $0.36 annualized dividend and a dividend yield of 1.35%. KB Home’s payout ratio is currently 3.55%.
In related news, CAO William R. Hollinger sold 68,147 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $26.16, for a total value of $1,782,725.52. Following the transaction, the chief accounting officer now owns 228,174 shares in the company, valued at approximately $5,969,031.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Brian J. Woram sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $27.02, for a total transaction of $270,200.00. Following the completion of the transaction, the executive vice president now owns 151,770 shares in the company, valued at approximately $4,100,825.40. The disclosure for this sale can be found here. 7.32% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cerebellum GP LLC acquired a new stake in shares of KB Home during the second quarter worth $344,000. Commonwealth Equity Services LLC acquired a new stake in KB Home in the second quarter worth $508,000. Campbell & CO Investment Adviser LLC acquired a new stake in KB Home in the second quarter worth $378,000. Crossmark Global Holdings Inc. grew its holdings in KB Home by 4.3% in the second quarter. Crossmark Global Holdings Inc. now owns 23,900 shares of the construction company’s stock worth $615,000 after purchasing an additional 975 shares during the period. Finally, Nordea Investment Management AB grew its holdings in KB Home by 3.9% in the first quarter. Nordea Investment Management AB now owns 93,215 shares of the construction company’s stock worth $2,253,000 after purchasing an additional 3,500 shares during the period. Institutional investors and hedge funds own 89.53% of the company’s stock.
About KB Home
KB Home operates as a homebuilding company in the United States. It operates in four segments: West Coast, Southwest, Central, and Southeast. The company builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers.
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