SunTrust Banks Comments on KB Home’s Q1 2020 Earnings (NYSE:KBH)

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.

See Also: How to invest using market indexes

Get a free copy of the Zacks research report on KB Home (KBH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for KB Home (NYSE:KBH)

Receive News & Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News