KB Home (NYSE:KBH) – Research analysts at SunTrust Banks upped their Q1 2020 earnings per share (EPS) estimates for shares of KB Home in a research note issued on Tuesday, January 7th, Zacks Investment Research reports. SunTrust Banks analyst R. Seth now forecasts that the construction company will earn $0.49 per share for the quarter, up from their prior forecast of $0.45. SunTrust Banks also issued estimates for KB Home’s Q2 2020 earnings at $0.74 EPS, Q3 2020 earnings at $0.95 EPS, FY2020 earnings at $3.60 EPS and FY2021 earnings at $3.87 EPS.
KB Home (NYSE:KBH) last released its earnings results on Thursday, January 9th. The construction company reported $1.31 EPS for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.02. KB Home had a return on equity of 11.99% and a net margin of 5.90%. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter last year, the business posted $0.96 EPS. The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year.
KBH has been the topic of a number of other reports. Evercore ISI reissued a “buy” rating on shares of KB Home in a research note on Wednesday, December 18th. Zacks Investment Research raised shares of KB Home from a “sell” rating to a “hold” rating and set a $38.00 target price on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada raised their target price on shares of KB Home from $34.00 to $39.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. BTIG Research reissued a “hold” rating on shares of KB Home in a research note on Thursday, September 26th. Finally, Barclays raised their price target on shares of KB Home from $34.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, September 26th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $33.79.
KBH opened at $36.80 on Wednesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.68 and a quick ratio of 0.27. The company’s 50 day simple moving average is $34.70 and its two-hundred day simple moving average is $31.51. KB Home has a 1-year low of $19.25 and a 1-year high of $37.59. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 0.92 and a beta of 1.24.
In other news, CEO Jeffrey T. Mezger sold 7,986 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $36.02, for a total transaction of $287,655.72. Following the sale, the chief executive officer now directly owns 937,238 shares in the company, valued at $33,759,312.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey T. Mezger sold 3,100 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $36.00, for a total value of $111,600.00. Following the sale, the chief executive officer now owns 1,061,326 shares in the company, valued at $38,207,736. The disclosure for this sale can be found here. Insiders sold 284,743 shares of company stock valued at $10,311,459 over the last three months. Insiders own 7.32% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Neo Ivy Capital Management acquired a new position in KB Home in the second quarter valued at $55,000. Penserra Capital Management LLC raised its stake in KB Home by 25.0% during the third quarter. Penserra Capital Management LLC now owns 3,620 shares of the construction company’s stock worth $123,000 after acquiring an additional 724 shares in the last quarter. Oakbrook Investments LLC acquired a new position in KB Home during the third quarter worth about $201,000. Strs Ohio raised its stake in KB Home by 510.0% during the third quarter. Strs Ohio now owns 6,100 shares of the construction company’s stock worth $207,000 after acquiring an additional 5,100 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in KB Home during the third quarter worth about $217,000. Institutional investors own 89.92% of the company’s stock.
About KB Home
KB Home operates as a homebuilding company in the United States. It operates in four segments: West Coast, Southwest, Central, and Southeast. The company 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.
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