Q3 2018 Earnings Forecast for KB Home Issued By Wedbush (KBH)
KB Home (NYSE:KBH) – Equities researchers at Wedbush increased their Q3 2018 earnings per share (EPS) estimates for KB Home in a report released on Thursday. Wedbush analyst J. Mccanless now anticipates that the construction company will earn $0.77 per share for the quarter, up from their previous estimate of $0.76. Wedbush currently has a “Neutral” rating and a $30.00 target price on the stock. Wedbush also issued estimates for KB Home’s Q1 2019 earnings at $0.35 EPS, Q2 2019 earnings at $0.69 EPS, Q3 2019 earnings at $0.88 EPS and Q4 2019 earnings at $1.23 EPS.
Other analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of KB Home from a “buy” rating to a “hold” rating in a research note on Monday, December 4th. Credit Suisse Group reiterated a “neutral” rating and issued a $31.00 target price (up from $25.00) on shares of KB Home in a research note on Thursday. Buckingham Research cut shares of KB Home from a “neutral” rating to an “underperform” rating and set a $34.00 target price for the company. in a research note on Friday. Mizuho upgraded shares of KB Home from an “underperform” rating to a “neutral” rating and set a $21.00 target price for the company in a research note on Friday, September 29th. Finally, UBS Group assumed coverage on shares of KB Home in a research report on Wednesday, October 25th. They set a “sell” rating and a $24.00 price target for the company. Eight analysts have rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. KB Home has a consensus rating of “Hold” and a consensus target price of $25.53.
KB Home (NYSE:KBH) last released its earnings results on Wednesday, January 10th. The construction company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.36 billion. KB Home had a net margin of 3.22% and a return on equity of 7.57%. KB Home’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period last year, the business earned $0.40 EPS.
A number of institutional investors and hedge funds have recently bought and sold shares of KBH. AllSquare Wealth Management LLC purchased a new position in KB Home during the 3rd quarter worth approximately $113,000. Victory Capital Management Inc. increased its holdings in shares of KB Home by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 8,288 shares of the construction company’s stock valued at $199,000 after purchasing an additional 1,241 shares in the last quarter. Yorktown Management & Research Co Inc purchased a new position in shares of KB Home during the 2nd quarter valued at approximately $201,000. Greenwood Capital Associates LLC purchased a new position in shares of KB Home during the 3rd quarter valued at approximately $207,000. Finally, Zacks Investment Management purchased a new position in shares of KB Home during the 2nd quarter valued at approximately $209,000. 96.73% of the stock is owned by institutional investors.
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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.
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