Wedbush Comments on KB Home’s Q1 2017 Earnings (KBH)
KB Home (NYSE:KBH) – Analysts at Wedbush dropped their Q1 2017 EPS estimates for KB Home in a report issued on Thursday. Wedbush analyst J. Mccanless now forecasts that the firm will post earnings per share of $0.12 for the quarter, down from their prior estimate of $0.17. Wedbush currently has a “Outperform” rating and a $22.00 target price on the stock. Wedbush also issued estimates for KB Home’s Q2 2017 earnings at $0.34 EPS, Q4 2017 earnings at $0.64 EPS, FY2017 earnings at $1.55 EPS, Q1 2018 earnings at $0.17 EPS, Q2 2018 earnings at $0.37 EPS, Q3 2018 earnings at $0.50 EPS, Q4 2018 earnings at $0.71 EPS and FY2018 earnings at $1.75 EPS.
KB Home (NYSE:KBH) last announced its quarterly earnings results on Wednesday, January 11th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.01. The business earned $1.19 billion during the quarter. KB Home had a return on equity of 6.35% and a net margin of 2.94%. The company’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 EPS.
A number of other brokerages have also recently issued reports on KBH. Evercore ISI cut KB Home from a “hold” rating to a “sell” rating and set a $14.00 target price on the stock. in a report on Thursday. Bank of America Corporation restated a “sell” rating and set a $12.50 target price on shares of KB Home in a report on Wednesday, September 21st. Zacks Investment Research upgraded KB Home from a “sell” rating to a “hold” rating in a report on Monday, November 21st. RBC Capital Markets restated a “sector perform” rating and set a $17.00 target price (up previously from $16.00) on shares of KB Home in a report on Thursday, September 22nd. Finally, MKM Partners set a $13.00 target price on KB Home and gave the stock a “hold” rating in a report on Tuesday, October 11th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. KB Home has a consensus rating of “Hold” and a consensus price target of $15.67.
Shares of KB Home (NYSE:KBH) opened at 16.25 on Friday. KB Home has a 52 week low of $9.04 and a 52 week high of $17.38. The company has a 50 day moving average price of $16.30 and a 200 day moving average price of $15.72. The company has a market cap of $1.38 billion, a PE ratio of 14.51 and a beta of 2.09.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Fund Advisors raised its position in KB Home by 1.8% in the second quarter. BlackRock Fund Advisors now owns 6,104,115 shares of the company’s stock valued at $92,844,000 after buying an additional 108,960 shares during the period. Donald Smith & CO. Inc. raised its position in KB Home by 11.6% in the second quarter. Donald Smith & CO. Inc. now owns 4,409,525 shares of the company’s stock valued at $67,069,000 after buying an additional 457,484 shares during the period. Fisher Asset Management LLC raised its position in KB Home by 2.0% in the third quarter. Fisher Asset Management LLC now owns 3,781,669 shares of the company’s stock valued at $60,961,000 after buying an additional 72,839 shares during the period. AQR Capital Management LLC raised its position in KB Home by 85.6% in the second quarter. AQR Capital Management LLC now owns 3,151,739 shares of the company’s stock valued at $47,938,000 after buying an additional 1,453,844 shares during the period. Finally, State Street Corp raised its position in KB Home by 3.2% in the second quarter. State Street Corp now owns 2,623,563 shares of the company’s stock valued at $39,907,000 after buying an additional 80,687 shares during the period. 94.93% of the stock is currently owned by hedge funds and other institutional investors.
About KB Home
KB Home is a homebuilding company in the United States. The Company constructs and sells a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes, townhomes and condominiums. Its segments include the West Coast, Southwest, Central and Southeast homebuilding segments, and financial services segment.
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