Zacks: Brokerages Expect KB Home (KBH) to Post $0.79 Earnings Per Share
Brokerages expect that KB Home (NYSE:KBH) will announce earnings per share (EPS) of $0.79 for the current quarter, according to Zacks. Five analysts have made estimates for KB Home’s earnings, with the highest EPS estimate coming in at $0.85 and the lowest estimate coming in at $0.75. KB Home reported earnings of $0.51 per share in the same quarter last year, which suggests a positive year over year growth rate of 54.9%. The business is scheduled to report its next quarterly earnings report on Thursday, September 27th.
According to Zacks, analysts expect that KB Home will report full-year earnings of $1.72 per share for the current financial year, with EPS estimates ranging from $1.44 to $1.90. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.29 per share, with EPS estimates ranging from $3.05 to $3.50. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow KB Home.
KB Home (NYSE:KBH) last posted its earnings results on Thursday, June 28th. The construction company reported $0.57 EPS for the quarter, beating the 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 company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the business earned $0.33 earnings per share. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis.
Shares of KB Home stock traded up $0.23 on Monday, hitting $25.09. The stock had a trading volume of 749,304 shares, compared to its average volume of 1,610,661. KB Home has a twelve month low of $20.68 and a twelve month high of $38.80. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 0.50 and a beta of 1.43.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 16th. Investors of record on Thursday, August 2nd were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Wednesday, August 1st. KB Home’s dividend payout ratio is currently 5.41%.
In related news, insider Jeffrey T. Mezger sold 272,818 shares of the 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 sale, the insider now owns 861,287 shares of the company’s stock, valued at $20,145,502.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey T. Mezger sold 100,000 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $20,291,921.72. The disclosure for this sale can be found here. Insiders have sold 497,818 shares of company stock worth $11,752,213 in the last three months. 8.60% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the stock. South Street Advisors LLC grew its position in KB Home by 2.6% during the second quarter. South Street Advisors LLC now owns 194,272 shares of the construction company’s stock worth $5,291,000 after buying an additional 4,980 shares in the last quarter. Verition Fund Management LLC grew its position in KB Home by 84.7% during the second quarter. Verition Fund Management LLC now owns 14,965 shares of the construction company’s stock worth $408,000 after buying an additional 6,863 shares in the last quarter. Zacks Investment Management grew 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 in the last quarter. Voya Investment Management LLC grew its position in KB Home by 10.0% during the second quarter. Voya Investment Management LLC now owns 266,046 shares of the construction company’s stock worth $7,247,000 after buying an additional 24,259 shares in the last quarter. Finally, Laurion Capital Management LP acquired a new stake in shares of KB Home in the 2nd quarter valued at $361,000. 87.72% of the stock is currently owned by institutional investors and hedge funds.
About KB Home
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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