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. The company also offers financial services, such as insurance products and title services. It has operations in Arizona, California, Colorado, Florida, Nevada, North Carolina, Texas, and Washington. The company was formerly known as Kaufman and Broad Home Corporation and changed its name to KB Home in January 2001. KB Home was founded in 1957 and is headquartered in Los Angeles, California.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on KBH. Barclays decreased their target price on KB Home from $47.00 to $44.00 and set an "overweight" rating for the company in a research report on Wednesday, June 8th. Wedbush decreased their price target on shares of KB Home from $73.00 to $60.00 and set an "outperform" rating for the company in a research report on Thursday, June 23rd. UBS Group decreased their price objective on shares of KB Home from $66.00 to $45.00 and set a "buy" rating for the company in a report on Thursday, June 16th. Wolfe Research downgraded shares of KB Home from a "market perform" rating to an "underperform" rating and set a $28.00 price objective for the company. in a report on Friday, May 13th. Finally, TheStreet downgraded shares of KB Home from a "b-" rating to a "c+" rating in a report on Friday, June 17th. Two analysts have rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $42.23.
KB Home Trading Down 2.8 %
Shares of KBH traded down $0.91 during trading hours on Tuesday, hitting $31.40. 1,506,081 shares of the stock traded hands, compared to its average volume of 2,204,440. KB Home has a 1-year low of $24.78 and a 1-year high of $50.20. The firm has a market capitalization of $2.74 billion, a PE ratio of 4.43, a price-to-earnings-growth ratio of 0.50 and a beta of 1.63. The business has a fifty day moving average of $30.59 and a 200-day moving average of $33.99.
KB Home (NYSE:KBH - Get Rating) last issued its quarterly earnings results on Wednesday, June 22nd. The construction company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.35. KB Home had a return on equity of 21.92% and a net margin of 10.69%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the prior year, the firm posted $1.50 earnings per share. As a group, equities research analysts expect that KB Home will post 10.28 earnings per share for the current fiscal year.
KB Home Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 18th. Shareholders of record on Thursday, August 4th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.91%. The ex-dividend date is Wednesday, August 3rd. KB Home's payout ratio is 8.22%.