KB Home (KBH) Expected to Announce Earnings on Monday

KB Home (NYSE:KBH - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Monday, March 24th. Analysts expect the company to announce earnings of $1.58 per share and revenue of $1.51 billion for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

KB Home (NYSE:KBH - Get Free Report) last issued its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, beating the consensus estimate of $2.44 by $0.08. The firm had revenue of $2 billion during the quarter, compared to analysts' expectations of $1.99 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The business's quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.85 earnings per share. On average, analysts expect KB Home to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

KB Home Stock Performance

NYSE:KBH traded down $0.03 on Thursday, hitting $61.49. The company's stock had a trading volume of 640,381 shares, compared to its average volume of 1,207,895. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. The stock has a fifty day moving average of $64.37 and a two-hundred day moving average of $73.43. The firm has a market capitalization of $4.39 billion, a P/E ratio of 7.27, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. KB Home has a one year low of $59.00 and a one year high of $89.70.

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KB Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 annualized dividend and a yield of 1.63%. KB Home's dividend payout ratio is 11.81%.

Insider Transactions at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the completion of the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,370,708.21. This represents a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.44% of the stock is currently owned by company insiders.

Analyst Ratings Changes

KBH has been the topic of a number of research analyst reports. Seaport Res Ptn raised KB Home from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Keefe, Bruyette & Woods cut their target price on KB Home from $85.00 to $76.00 and set a "market perform" rating on the stock in a report on Friday, January 17th. Raymond James reissued an "outperform" rating and issued a $80.00 price objective (down from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Evercore ISI boosted their target price on KB Home from $88.00 to $95.00 and gave the company an "outperform" rating in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. cut their price target on KB Home from $82.00 to $74.50 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $75.21.

KB Home Company Profile

KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.