Brokers Issue Forecasts for KB Home’s FY2024 Earnings (NYSE:KBH)

KB Home (NYSE:KBH) – Equities researchers at Wedbush cut their FY2024 earnings per share estimates for KB Home in a report issued on Wednesday, September 25th. Wedbush analyst J. Mccanless now anticipates that the construction company will post earnings of $8.48 per share for the year, down from their prior estimate of $8.54. Wedbush currently has a “Neutral” rating and a $75.00 target price on the stock. The consensus estimate for KB Home’s current full-year earnings is $8.38 per share. Wedbush also issued estimates for KB Home’s Q2 2025 earnings at $2.27 EPS, Q4 2025 earnings at $3.15 EPS, Q2 2026 earnings at $2.49 EPS, Q3 2026 earnings at $2.79 EPS and FY2026 earnings at $11.07 EPS.

A number of other brokerages have also weighed in on KBH. Bank of America upped their price objective on KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. The Goldman Sachs Group increased their price target on shares of KB Home from $72.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, September 3rd. Keefe, Bruyette & Woods boosted their price objective on shares of KB Home from $74.00 to $77.00 and gave the stock a “market perform” rating in a report on Thursday, June 20th. Wells Fargo & Company increased their target price on shares of KB Home from $70.00 to $80.00 and gave the company an “equal weight” rating in a report on Monday, September 9th. Finally, Evercore ISI lifted their price target on shares of KB Home from $86.00 to $89.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $77.27.

KB Home Stock Down 0.5 %

Shares of NYSE:KBH opened at $85.26 on Monday. KB Home has a 52 week low of $42.11 and a 52 week high of $89.70. The company has a 50-day moving average price of $82.68 and a 200 day moving average price of $73.81. The company has a market cap of $6.41 billion, a P/E ratio of 11.28, a PEG ratio of 0.89 and a beta of 1.81.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Tuesday, September 24th. The construction company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.02). The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.73 billion. KB Home had a return on equity of 15.66% and a net margin of 9.43%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.80 EPS.

Hedge Funds Weigh In On KB Home

Institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN lifted its position in KB Home by 45.1% during the fourth quarter. Wells Fargo & Company MN now owns 140,728 shares of the construction company’s stock worth $8,790,000 after buying an additional 43,748 shares during the period. Corient Private Wealth LLC increased its holdings in shares of KB Home by 8.5% during the 4th quarter. Corient Private Wealth LLC now owns 18,597 shares of the construction company’s stock worth $1,162,000 after buying an additional 1,452 shares during the last quarter. US Bancorp DE raised its position in shares of KB Home by 35.8% in the 4th quarter. US Bancorp DE now owns 12,126 shares of the construction company’s stock worth $757,000 after buying an additional 3,199 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in KB Home by 10.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,225 shares of the construction company’s stock valued at $201,000 after acquiring an additional 293 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its stake in KB Home by 7.6% during the fourth quarter. Allianz Asset Management GmbH now owns 219,443 shares of the construction company’s stock worth $13,706,000 after acquiring an additional 15,491 shares during the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were issued a $0.25 dividend. The ex-dividend date was Thursday, August 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.17%. KB Home’s dividend payout ratio (DPR) is 13.23%.

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.