KB Home (NYSE:KBH) – Analysts at Wedbush cut their Q3 2018 earnings per share (EPS) estimates for KB Home in a note issued to investors on Thursday, September 20th. Wedbush analyst J. Mccanless now expects that the construction company will earn $0.75 per share for the quarter, down from their prior forecast of $0.77. Wedbush has a “Neutral” rating and a $29.00 price objective on the stock. Wedbush also issued estimates for KB Home’s Q4 2018 earnings at $0.88 EPS, FY2018 earnings at $2.76 EPS, Q1 2019 earnings at $0.33 EPS, Q2 2019 earnings at $0.63 EPS, Q3 2019 earnings at $0.78 EPS and FY2019 earnings at $2.77 EPS.

KB Home (NYSE:KBH) last released its earnings results on Thursday, June 28th. The construction company reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.09. KB Home had a return on equity of 12.31% and a net margin of 2.67%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue was up 9.8% compared to the same quarter last year.

KBH has been the subject of a number of other reports. Credit Suisse Group cut their price objective on KB Home from $32.00 to $29.00 and set a “neutral” rating for the company in a research report on Friday, June 29th. ValuEngine cut KB Home from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th. Barclays upgraded KB Home from an “underweight” rating to an “equal weight” rating in a report on Friday, June 29th. Zacks Investment Research lowered KB Home from a “buy” rating to a “hold” rating in a research note on Monday, June 11th. Finally, Bank of America raised KB Home from an “underperform” rating to a “buy” rating and upped their price target for the company from $32.00 to $37.00 in a research note on Friday, June 29th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $31.00.

Shares of NYSE:KBH opened at $25.37 on Monday. KB Home has a 12-month low of $20.68 and a 12-month high of $38.80. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 10.94, a P/E/G ratio of 0.51 and a beta of 1.38.

In other news, insider Jeffrey T. Mezger sold 272,818 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $23.39, for a total transaction of $6,381,213.02. Following the completion of the transaction, the insider now directly owns 861,287 shares of the company’s stock, valued at $20,145,502.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey T. Mezger sold 125,000 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $24.12, for a total value of $3,015,000.00. Following the transaction, the insider now directly owns 811,287 shares of the company’s stock, valued at $19,568,242.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 497,818 shares of company stock worth $11,752,213. Insiders own 8.60% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KBH. New York State Common Retirement Fund lifted its position in shares of KB Home by 1.3% during the 1st quarter. New York State Common Retirement Fund now owns 171,413 shares of the construction company’s stock valued at $4,877,000 after acquiring an additional 2,228 shares during the last quarter. OppenheimerFunds Inc. increased its stake in shares of KB Home by 5.0% in the second quarter. OppenheimerFunds Inc. now owns 48,051 shares of the construction company’s stock worth $1,309,000 after acquiring an additional 2,298 shares during the last quarter. Mutual of America Capital Management LLC increased its position in KB Home by 3.9% during the second quarter. Mutual of America Capital Management LLC now owns 72,138 shares of the construction company’s stock worth $1,965,000 after buying an additional 2,696 shares during the last quarter. CIBC World Markets Inc. increased its position in KB Home by 1.5% during the second quarter. CIBC World Markets Inc. now owns 194,357 shares of the construction company’s stock worth $5,294,000 after buying an additional 2,828 shares during the last quarter. Finally, Zacks Investment Management increased its position in KB Home by 5.3% during the second quarter. Zacks Investment Management now owns 56,337 shares of the construction company’s stock worth $1,535,000 after buying an additional 2,831 shares during the last quarter. Hedge funds and other institutional investors own 85.30% of the company’s stock.

KB Home Company Profile

KB Home operates as a homebuilding company in the United States. It 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. The company also provides property and casualty insurance, as well as earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, including residential mortgage loan originations to its homebuyers.

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Earnings History and Estimates for KB Home (NYSE:KBH)

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