What is Zacks Research's Estimate for KB Home Q3 Earnings?

Key Points

• Zacks Research raised its Q3 2028 EPS estimate for KB Home to $1.39, up from $1.37, while maintaining a “Hold” rating. The consensus full-year earnings estimate is $3.26 per share.
• KB Home’s latest quarterly results exceeded expectations, with EPS of $1.05 versus the $0.88 consensus estimate, although revenue fell 20% year over year to $1.30 billion and EPS declined from $1.61 a year earlier.
• Analyst sentiment remains mixed but leans “Hold,” with four Buy, ten Hold and three Sell ratings and a consensus price target of $52.23. The company also declared a quarterly dividend of $0.25 per share, implying a 2.2% yield.

KB Home (NYSE:KBH - Free Report) - Equities research analysts at Zacks Research raised their Q3 2028 earnings estimates for shares of KB Home in a research report issued on Thursday, October 22nd. Zacks Research analyst Team now forecasts that the construction company will earn $1.39 per share for the quarter, up from their prior forecast of $1.37. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for KB Home's current full-year earnings is $3.26 per share.

KBH has been the topic of a number of other research reports. Melius Research initiated coverage on KB Home in a research note on Tuesday, October 6th. They set a "sell" rating and a $43.00 price objective on the stock. Stonex Financia upgraded KB Home to a "hold" rating in a research report on Thursday, October 15th. Truist Financial cut their target price on KB Home from $55.00 to $50.00 and set a "hold" rating for the company in a research report on Wednesday, September 23rd. Citigroup reissued an "outperform" rating on shares of KB Home in a report on Wednesday, September 23rd. Finally, UBS Group reissued a "buy" rating on shares of KB Home in a report on Wednesday, September 23rd. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, KB Home presently has a consensus rating of "Hold" and a consensus price target of $52.23.

KB Home Trading Up 7.4%

Shares of KBH stock opened at $46.17 on Friday. The stock has a market cap of $2.81 billion, a P/E ratio of 10.97, a price-to-earnings-growth ratio of 2.23 and a beta of 1.34. The stock has a 50 day simple moving average of $48.96 and a 200 day simple moving average of $52.13. KB Home has a 1 year low of $40.92 and a 1 year high of $67.57.

KB Home (NYSE:KBH - Get Free Report) last announced its earnings results on Tuesday, September 22nd. The construction company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.88 by $0.17. KB Home had a net margin of 4.39% and a return on equity of 6.56%. The company had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.30 billion. During the same period last year, the firm earned $1.61 earnings per share. The business's revenue for the quarter was down 20.0% on a year-over-year basis.

Institutional Investors Weigh In On KB Home

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Inspire Investing LLC boosted its stake in KB Home by 24.8% in the third quarter. Inspire Investing LLC now owns 13,578 shares of the construction company's stock valued at $631,000 after buying an additional 2,697 shares in the last quarter. Nisa Investment Advisors LLC grew its position in KB Home by 49.4% in the third quarter. Nisa Investment Advisors LLC now owns 3,503 shares of the construction company's stock valued at $163,000 after acquiring an additional 1,158 shares during the last quarter. Mather Group LLC. bought a new position in KB Home in the third quarter valued at about $34,000. GAMMA Investing LLC raised its stake in KB Home by 26.3% during the third quarter. GAMMA Investing LLC now owns 2,470 shares of the construction company's stock worth $115,000 after acquiring an additional 514 shares in the last quarter. Finally, Polaris Financial Partners acquired a new position in KB Home during the third quarter worth about $43,000. 96.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Albert Z. Praw sold 22,015 shares of KB Home stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $58.70, for a total value of $1,292,280.50. Following the transaction, the executive vice president directly owned 104,062 shares of the company's stock, valued at $6,108,439.40. This trade represents a 17.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Arthur Collins sold 4,000 shares of KB Home stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $56.96, for a total transaction of $227,840.00. Following the completion of the transaction, the director directly owned 9,157 shares in the company, valued at $521,582.72. This trade represents a 30.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 4.69% of the company's stock.

KB Home Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Thursday, November 12th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, November 12th. KB Home's dividend payout ratio is 28.17%.

About KB Home

KB Home NYSE: KBH is a homebuilder that develops and constructs residential communities across the United States. The company primarily builds single-family homes, along with certain attached homes and townhomes, serving first-time, move-up and active-adult buyers.

KB Home offers a range of home designs, floor plans and personalization options, allowing buyers to select features and finishes during the construction process. Its activities generally include land acquisition and development, home construction, sales and customer support, with homes built in both suburban and urban communities.

Founded in 1957, KB Home operates in markets across Arizona, California, Colorado, Florida, Idaho, Nevada, North Carolina, South Carolina, Texas and Washington.

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