KB Home (NYSE:KBH) – Research analysts at KeyCorp decreased their Q4 2018 earnings per share (EPS) estimates for shares of KB Home in a research report issued on Tuesday, September 25th. KeyCorp analyst K. Zener now forecasts that the construction company will earn $1.00 per share for the quarter, down from their prior forecast of $1.04. KeyCorp also issued estimates for KB Home’s FY2019 earnings at $3.30 EPS.

KB Home (NYSE:KBH) last released its earnings results on Tuesday, September 25th. The construction company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.10. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.27 billion. KB Home had a return on equity of 14.18% and a net margin of 3.43%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 earnings per share.

Other equities analysts also recently issued research reports about the company. Bank of America upgraded KB Home from an “underperform” rating to a “buy” rating and raised their target price for the company from $32.00 to $37.00 in a research report on Friday, June 29th. Barclays upgraded KB Home from an “underweight” rating to an “equal weight” rating in a research report on Friday, June 29th. ValuEngine upgraded KB Home from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. Credit Suisse Group set a $29.00 price objective on KB Home and gave the stock a “hold” rating in a research report on Friday, July 13th. Finally, Zacks Investment Research downgraded KB Home from a “buy” rating to a “hold” rating in a research report on Monday, June 11th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $31.06.

NYSE KBH opened at $24.51 on Thursday. The company has a market capitalization of $2.22 billion, a PE ratio of 13.25, a PEG ratio of 0.51 and a beta of 1.38. KB Home has a 1-year low of $21.32 and a 1-year high of $38.80.

In other KB Home news, insider Jeffrey T. Mezger sold 125,000 shares of the firm’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $24.12, for a total transaction of $3,015,000.00. Following the completion of the sale, the insider now owns 811,287 shares of the company’s stock, valued at $19,568,242.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey T. Mezger sold 100,000 shares of the firm’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $23.56, for a total value of $2,356,000.00. Following the sale, the chief executive officer now directly owns 861,287 shares of the company’s stock, valued at approximately $20,291,921.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 497,818 shares of company stock worth $11,752,213. 8.60% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. New York State Common Retirement Fund increased its stake in KB Home by 1.3% during the first quarter. New York State Common Retirement Fund now owns 171,413 shares of the construction company’s stock worth $4,877,000 after acquiring an additional 2,228 shares during the last quarter. OppenheimerFunds Inc. increased its stake in KB Home by 5.0% during 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 stake 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 acquiring an additional 2,696 shares during the last quarter. CIBC World Markets Inc. grew its stake in shares of KB Home by 1.5% in the second quarter. CIBC World Markets Inc. now owns 194,357 shares of the construction company’s stock valued at $5,294,000 after buying an additional 2,828 shares in the last quarter. Finally, Zacks Investment Management grew its stake in shares of KB Home by 5.3% in the second quarter. Zacks Investment Management now owns 56,337 shares of the construction company’s stock valued at $1,535,000 after buying an additional 2,831 shares in the last quarter. 85.33% of the stock is owned by institutional investors.

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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