Wedbush Weighs in on KB Home’s Q3 2018 Earnings (KBH)

KB Home (NYSE:KBH) – Stock analysts at Wedbush lifted their Q3 2018 EPS estimates for KB Home in a research note issued to investors on Thursday. Wedbush analyst J. Mccanless now forecasts that the construction company will earn $0.77 per share for the quarter, up from their previous forecast of $0.76. Wedbush has a “Neutral” rating and a $30.00 price target on the stock. Wedbush also issued estimates for KB Home’s Q1 2019 earnings at $0.35 EPS, Q2 2019 earnings at $0.69 EPS, Q3 2019 earnings at $0.88 EPS and Q4 2019 earnings at $1.23 EPS.

Several other equities research analysts also recently issued reports on KBH. Buckingham Research downgraded shares of KB Home from a “neutral” rating to an “underperform” rating and set a $34.00 price objective for the company. in a research note on Friday. Credit Suisse Group boosted their price objective on shares of KB Home from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, September 29th. Barclays boosted their price objective on shares of KB Home from $17.00 to $18.00 and gave the stock an “underweight” rating in a research note on Friday, September 29th. Mizuho upgraded shares of KB Home from an “underperform” rating to a “neutral” rating and set a $21.00 price objective for the company in a research note on Friday, September 29th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $24.00 price objective on shares of KB Home in a research note on Friday, September 29th. Seven analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company’s stock. KB Home currently has a consensus rating of “Hold” and an average price target of $26.25.

KB Home (KBH) traded down $1.60 on Friday, reaching $36.98. 4,995,093 shares of the company’s stock traded hands, compared to its average volume of 2,394,580. The company has a current ratio of 5.36, a quick ratio of 0.22 and a debt-to-equity ratio of 1.21. KB Home has a 12 month low of $15.51 and a 12 month high of $38.80. The stock has a market capitalization of $3,337.18, a P/E ratio of 20.21, a P/E/G ratio of 0.67 and a beta of 1.70.

KB Home (NYSE:KBH) last released its earnings results on Wednesday, January 10th. The construction company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. KB Home had a net margin of 4.13% and a return on equity of 9.93%. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the firm earned $0.40 earnings per share. KB Home’s revenue was up 17.7% compared to the same quarter last year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. AllSquare Wealth Management LLC acquired a new position in shares of KB Home during the third quarter worth $113,000. Victory Capital Management Inc. lifted its position in shares of KB Home by 17.6% during the second quarter. Victory Capital Management Inc. now owns 8,288 shares of the construction company’s stock worth $199,000 after purchasing an additional 1,241 shares in the last quarter. Yorktown Management & Research Co Inc acquired a new position in shares of KB Home during the second quarter worth $201,000. Greenwood Capital Associates LLC acquired a new position in shares of KB Home during the third quarter worth $207,000. Finally, Shelton Capital Management acquired a new position in shares of KB Home during the second quarter worth $209,000. 96.73% of the stock is currently owned by institutional investors and hedge funds.

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About KB Home

KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.

Earnings History and Estimates for KB Home (NYSE:KBH)

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