Published On: Fri, Sep 23rd, 2016

KB Home (KBH) Forecasted to Earn FY2016 Earnings of $1.33 Per Share

KB Home (NYSE:KBH) – Research analysts at FBR & Co decreased their FY2016 EPS estimates for shares of KB Home in a research note issued on Wednesday. FBR & Co analyst P. Kealey now anticipates that the brokerage will post earnings per share of $1.33 for the year, down from their prior estimate of $1.40. FBR & Co currently has a “Market Perform” rating and a $16.00 target price on the stock. FBR & Co also issued estimates for KB Home’s Q4 2016 earnings at $0.63 EPS.
KBH has been the subject of several other research reports. MKM Partners reiterated a “hold” rating on shares of KB Home in a report on Wednesday, June 22nd. Zacks Investment Research cut KB Home from a “hold” rating to a “sell” rating in a report on Tuesday, June 7th. Credit Suisse Group AG reiterated a “sell” rating on shares of KB Home in a report on Tuesday, June 28th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $15.00 price objective (up previously from $14.00) on shares of KB Home in a report on Sunday, June 26th. Finally, TheStreet upgraded KB Home from a “hold” rating to a “buy” rating in a report on Wednesday, June 22nd. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $15.38.
Shares of KB Home (NYSE:KBH) traded up 0.288% during midday trading on Friday, reaching $15.695. The company had a trading volume of 1,080,760 shares. The company has a 50-day moving average price of $15.46 and a 200 day moving average price of $14.63. The company has a market capitalization of $1.33 billion, a P/E ratio of 13.648 and a beta of 1.96. KB Home has a one year low of $9.04 and a one year high of $16.76.

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KB Home (NYSE:KBH) last announced its quarterly earnings results on Tuesday, September 20th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.03. KB Home had a return on equity of 6.77% and a net margin of 3.31%. The business earned $913.30 million during the quarter. During the same quarter last year, the company posted $0.23 EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year.
In related news, CEO Jeffrey T. Mezger sold 110,000 shares of KB Home stock in a transaction on Monday, July 25th. The stock was sold at an average price of $16.39, for a total value of $1,802,900.00. Following the completion of the sale, the chief executive officer now owns 606,716 shares of the company’s stock, valued at $9,944,075.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey T. Mezger sold 230,000 shares of KB Home stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $16.43, for a total value of $3,778,900.00. Following the completion of the sale, the chief executive officer now directly owns 606,716 shares of the company’s stock, valued at approximately $9,968,343.88. The disclosure for this sale can be found here. 8.60% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the company. Norges Bank purchased a new stake in shares of KB Home during the fourth quarter valued at approximately $10,377,000. Aperio Group LLC raised its stake in shares of KB Home by 42.0% in the first quarter. Aperio Group LLC now owns 167,484 shares of the company’s stock valued at $2,392,000 after buying an additional 49,537 shares during the last quarter. Nisa Investment Advisors L.L.C. raised its stake in shares of KB Home by 12.5% in the first quarter. Nisa Investment Advisors L.L.C. now owns 36,900 shares of the company’s stock valued at $527,000 after buying an additional 4,100 shares during the last quarter. Ramsey Quantitative Systems purchased a new stake in shares of KB Home during the first quarter valued at approximately $918,000. Finally, Prudential Financial Inc. raised its stake in shares of KB Home by 1,268.6% in the first quarter. Prudential Financial Inc. now owns 797,468 shares of the company’s stock valued at $11,388,000 after buying an additional 739,200 shares during the last quarter. 92.39% of the stock is owned by institutional investors.
About KB Home
KB Home is a homebuilding company in the United States. The Company constructs and sells a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes, townhomes and condominiums. Its segments include the West Coast, Southwest, Central and Southeast homebuilding segments, and financial services segment.

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