Brokers Offer Predictions for KB Home’s FY2017 Earnings (KBH)
KB Home (NYSE:KBH) – Wedbush boosted their FY2017 earnings per share (EPS) estimates for KB Home in a report released on Monday. Wedbush analyst J. Mccanless now anticipates that the construction company will earn $1.77 per share for the year, up from their previous forecast of $1.76. Wedbush currently has a “Neutral” rating on the stock. Wedbush also issued estimates for KB Home’s Q4 2017 earnings at $0.78 EPS, Q1 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.92 EPS, FY2018 earnings at $2.26 EPS and FY2019 earnings at $2.60 EPS.
A number of other equities analysts have also commented on the company. UBS AG assumed coverage on KB Home in a research note on Wednesday, October 25th. They set a “sell” rating and a $24.00 price objective on the stock. Zacks Investment Research upgraded KB Home from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Wednesday, October 4th. MKM Partners restated a “neutral” rating and set a $26.00 price objective (up previously from $24.00) on shares of KB Home in a research note on Monday, October 2nd. Deutsche Bank AG restated a “hold” rating and set a $24.00 price objective (up previously from $23.00) on shares of KB Home in a research note on Monday, October 2nd. Finally, BTIG Research reiterated a “sell” rating and issued a $16.00 price target on shares of KB Home in a research note on Monday, October 2nd. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $22.06.
TRADEMARK VIOLATION NOTICE: “Brokers Offer Predictions for KB Home’s FY2017 Earnings (KBH)” was published by Watch List News and is the property of of Watch List News. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://www.watchlistnews.com/brokers-offer-predictions-for-kb-homes-fy2017-earnings-kbh/1703577.html.
KB Home (NYSE:KBH) opened at $28.65 on Tuesday. KB Home has a 52 week low of $15.01 and a 52 week high of $28.69. The company has a market capitalization of $2,460.00, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 0.82 and a beta of 1.66.
KB Home (NYSE:KBH) last posted its quarterly earnings data on Thursday, September 28th. The construction company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.04. KB Home had a return on equity of 7.57% and a net margin of 3.22%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the company earned $0.42 EPS. The company’s revenue was up 24.8% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Thursday, November 2nd will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.35%. The ex-dividend date is Wednesday, November 1st. KB Home’s dividend payout ratio (DPR) is 7.19%.
In other KB Home news, EVP Albert Z. Praw sold 150,000 shares of KB Home stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $25.85, for a total transaction of $3,877,500.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Brian J. Woram sold 49,529 shares of KB Home stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $27.11, for a total value of $1,342,731.19. The disclosure for this sale can be found here. Company insiders own 8.60% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Creative Planning lifted its holdings in KB Home by 34.9% during the 2nd quarter. Creative Planning now owns 4,289 shares of the construction company’s stock worth $103,000 after buying an additional 1,110 shares during the period. AllSquare Wealth Management LLC acquired a new position in KB Home during the 3rd quarter worth about $113,000. LS Investment Advisors LLC lifted its holdings in KB Home by 18.0% during the 2nd quarter. LS Investment Advisors LLC now owns 6,511 shares of the construction company’s stock worth $156,000 after buying an additional 991 shares during the period. Victory Capital Management Inc. lifted its holdings in KB Home by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 8,288 shares of the construction company’s stock worth $199,000 after buying an additional 1,241 shares during the period. Finally, Yorktown Management & Research Co Inc acquired a new position in KB Home during the 2nd quarter worth about $201,000. 97.58% of the stock is currently owned by hedge funds and other institutional investors.
About KB Home
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.
Receive News & Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related companies with Analyst Ratings Network's FREE daily email newsletter.