KB Home (NYSE:KBH) – Research analysts at Wedbush dropped their Q1 2019 earnings per share (EPS) estimates for shares of KB Home in a research note issued to investors on Thursday, January 10th. Wedbush analyst J. Mccanless now expects that the construction company will post earnings per share of $0.25 for the quarter, down from their prior forecast of $0.27. Wedbush has a “Neutral” rating and a $22.00 price target on the stock. Wedbush also issued estimates for KB Home’s Q2 2019 earnings at $0.55 EPS, Q3 2019 earnings at $0.81 EPS, Q4 2019 earnings at $1.00 EPS and Q2 2020 earnings at $0.59 EPS.
Several other research analysts also recently issued reports on KBH. Barclays set a $27.00 price target on shares of KB Home and gave the stock a “hold” rating in a report on Friday, September 14th. ValuEngine upgraded KB Home from a “sell” rating to a “hold” rating in a report on Friday, September 14th. Zacks Investment Research downgraded KB Home from a “hold” rating to a “sell” rating in a report on Monday, September 24th. JMP Securities upgraded KB Home from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a report on Wednesday, September 26th. Finally, MKM Partners set a $32.00 price objective on KB Home and gave the company a “hold” rating in a report on Wednesday, September 26th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $26.78.
KB Home (NYSE:KBH) last released its earnings results on Wednesday, January 9th. The construction company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.33 billion. KB Home had a return on equity of 14.61% and a net margin of 3.75%. The company’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.84 earnings per share.
Several hedge funds have recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. bought a new position in KB Home in the 2nd quarter valued at about $115,000. Cerebellum GP LLC lifted its position in KB Home by 57.2% in the 4th quarter. Cerebellum GP LLC now owns 10,141 shares of the construction company’s stock valued at $194,000 after acquiring an additional 3,688 shares in the last quarter. GAM Holding AG bought a new position in KB Home in the 3rd quarter valued at about $225,000. Tower Research Capital LLC TRC lifted its position in KB Home by 989.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 9,661 shares of the construction company’s stock valued at $231,000 after acquiring an additional 8,774 shares in the last quarter. Finally, Toth Financial Advisory Corp bought a new position in KB Home in the 3rd quarter valued at about $239,000. 86.39% of the stock is currently owned by institutional investors.
KB Home Company Profile
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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