Zacks Research Comments on KB Home's Q3 2024 Earnings (NYSE:KBH)

KB Home (NYSE:KBH - Free Report) - Equities research analysts at Zacks Research cut their Q3 2024 earnings per share estimates for shares of KB Home in a report released on Tuesday, September 17th. Zacks Research analyst S. Mukherjee now anticipates that the construction company will earn $2.04 per share for the quarter, down from their prior estimate of $2.07. The consensus estimate for KB Home's current full-year earnings is $8.38 per share. Zacks Research also issued estimates for KB Home's Q4 2024 earnings at $2.44 EPS, FY2024 earnings at $8.39 EPS, Q1 2025 earnings at $1.75 EPS, Q2 2025 earnings at $2.20 EPS, Q3 2025 earnings at $2.34 EPS, Q4 2025 earnings at $2.69 EPS, FY2025 earnings at $8.98 EPS, Q1 2026 earnings at $1.91 EPS, Q2 2026 earnings at $2.32 EPS and FY2026 earnings at $9.81 EPS.

A number of other research analysts have also weighed in on the stock. Evercore ISI raised their price objective on shares of KB Home from $86.00 to $89.00 and gave the company an "outperform" rating in a research note on Monday, July 15th. Royal Bank of Canada downgraded KB Home from a "sector perform" rating to an "underperform" rating and set a $70.00 price target for the company. in a research note on Thursday, September 5th. Keefe, Bruyette & Woods boosted their price objective on KB Home from $74.00 to $77.00 and gave the stock a "market perform" rating in a report on Thursday, June 20th. Wedbush restated a "neutral" rating and issued a $67.00 target price on shares of KB Home in a report on Thursday, September 12th. Finally, The Goldman Sachs Group upped their price target on KB Home from $72.00 to $82.00 and gave the stock a "neutral" rating in a report on Tuesday, September 3rd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $73.71.

KB Home Trading Down 0.1 %

NYSE KBH traded down $0.12 during mid-day trading on Wednesday, hitting $86.63. The company's stock had a trading volume of 1,172,799 shares, compared to its average volume of 1,251,621. The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 0.80 and a beta of 1.81. The company's 50 day simple moving average is $81.06 and its 200 day simple moving average is $72.69. KB Home has a twelve month low of $42.11 and a twelve month high of $89.37.

KB Home (NYSE:KBH - Get Free Report) last issued its earnings results on Tuesday, June 18th. The construction company reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.78 by $0.37. KB Home had a return on equity of 15.66% and a net margin of 9.43%. The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.64 billion.

KB Home Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, August 8th. KB Home's dividend payout ratio is presently 13.23%.

Institutional Investors Weigh In On KB Home

A number of hedge funds have recently made changes to their positions in the business. Fidelis Capital Partners LLC purchased a new stake in KB Home during the first quarter worth about $60,000. Plato Investment Management Ltd increased its stake in shares of KB Home by 72.0% during the 1st quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company's stock worth $77,000 after purchasing an additional 452 shares during the last quarter. Tortoise Investment Management LLC raised its holdings in shares of KB Home by 625.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company's stock worth $78,000 after purchasing an additional 963 shares during the period. Manchester Capital Management LLC raised its holdings in shares of KB Home by 134.4% in the 1st quarter. Manchester Capital Management LLC now owns 1,137 shares of the construction company's stock worth $81,000 after purchasing an additional 652 shares during the period. Finally, Headlands Technologies LLC purchased a new position in KB Home in the first quarter valued at approximately $120,000. 96.09% of the stock is currently owned by institutional investors.

About KB Home

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.