KB Home (NYSE:KBH) to Post Q1 2022 Earnings of $1.55 Per Share, Wedbush Forecasts

KB Home (NYSE:KBH) – Investment analysts at Wedbush raised their Q1 2022 earnings per share (EPS) estimates for shares of KB Home in a research report issued to clients and investors on Thursday, January 13th. Wedbush analyst J. Mccanless now anticipates that the construction company will post earnings per share of $1.55 for the quarter, up from their previous estimate of $1.44. Wedbush also issued estimates for KB Home’s Q1 2023 earnings at $2.13 EPS, Q2 2023 earnings at $2.43 EPS, Q3 2023 earnings at $3.16 EPS and Q4 2023 earnings at $4.43 EPS.

KB Home (NYSE:KBH) last released its earnings results on Wednesday, January 12th. The construction company reported $1.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.14. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.71 billion. KB Home had a return on equity of 20.13% and a net margin of 9.86%. The company’s revenue for the quarter was up 40.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 EPS.

Several other research firms also recently weighed in on KBH. Bank of America initiated coverage on KB Home in a research report on Monday, November 8th. They set a “neutral” rating on the stock. Raymond James boosted their target price on KB Home from $55.00 to $63.00 and gave the company a “strong-buy” rating in a research report on Friday. JPMorgan Chase & Co. cut their price objective on KB Home from $59.00 to $53.00 and set a “neutral” rating on the stock in a research report on Thursday, October 14th. Zelman & Associates raised KB Home from a “hold” rating to a “buy” rating in a research report on Monday, December 13th. Finally, Royal Bank of Canada upped their price objective on KB Home from $46.00 to $55.00 in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $54.73.

NYSE KBH opened at $49.04 on Friday. The company has a market cap of $4.29 billion, a P/E ratio of 8.13, a P/E/G ratio of 0.15 and a beta of 1.76. The business’s 50 day moving average price is $43.04 and its 200-day moving average price is $41.86. KB Home has a fifty-two week low of $34.92 and a fifty-two week high of $52.48.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. 1776 Wealth LLC lifted its stake in shares of KB Home by 1.0% during the 3rd quarter. 1776 Wealth LLC now owns 24,466 shares of the construction company’s stock worth $952,000 after purchasing an additional 252 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of KB Home by 50.1% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 902 shares of the construction company’s stock worth $35,000 after purchasing an additional 301 shares during the last quarter. Texas Permanent School Fund lifted its stake in shares of KB Home by 0.5% during the 3rd quarter. Texas Permanent School Fund now owns 66,540 shares of the construction company’s stock worth $2,590,000 after purchasing an additional 316 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of KB Home by 2.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 14,182 shares of the construction company’s stock worth $551,000 after purchasing an additional 382 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in shares of KB Home by 20.9% during the 3rd quarter. Signaturefd LLC now owns 2,254 shares of the construction company’s stock worth $88,000 after purchasing an additional 389 shares during the last quarter. Hedge funds and other institutional investors own 88.54% of the company’s stock.

In related news, Director Melissa Lora sold 24,393 shares of the company’s stock in a transaction on Wednesday, October 20th. The stock was sold at an average price of $40.83, for a total transaction of $995,966.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey T. Mezger sold 121,408 shares of the company’s stock in a transaction on Thursday, November 11th. The stock was sold at an average price of $41.90, for a total value of $5,086,995.20. The disclosure for this sale can be found here. Insiders have sold a total of 352,032 shares of company stock worth $14,837,469 in the last three months. Corporate insiders own 4.40% of the company’s stock.

About KB Home

KB Home engages in selling and building a variety of new homes. It builds various types of homes, including attached and detached single-family homes, townhomes, and condominiums. The firm operates through the following segments: West Coast, Southwest, Central, and Southeast. It offer homes in development communities, at urban in-fill locations and as part of mixed-use projects.

See Also: What is a stock portfolio tracker?

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 MarketBeat.com's FREE daily email newsletter.