October 6, 2022

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KB Home (NYSE:KBH) Posts Earnings Results, Misses Expectations By $0.09 EPS

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KB Dwelling (NYSE:KBHGet Rating) declared its quarterly earnings final results on Wednesday. The design business noted $1.47 EPS for the quarter, lacking analysts’ consensus estimates of $1.56 by ($.09), MarketWatch Earnings stories. KB Home had a return on fairness of 19.79% and a internet margin of 9.86%. The enterprise had profits of $1.40 billion for the duration of the quarter, compared to the consensus estimate of $1.49 billion. Throughout the exact quarter in the prior year, the firm earned $1.02 earnings for every share. The business’s income was up 22.6% as opposed to the identical quarter last 12 months.

NYSE:KBH traded down $.77 on Friday, reaching $33.61. 184,863 shares of the company’s stock traded fingers, as opposed to its ordinary quantity of 2,423,878. The stock has a 50-working day uncomplicated relocating regular of $39.25 and a 200-day easy relocating ordinary of $41.14. The business has a industry cap of $2.97 billion, a PE ratio of 5.57, a P/E/G ratio of .22 and a beta of 1.74. KB Property has a 12 thirty day period very low of $33.50 and a 12 thirty day period large of $52.48.

The organization also not too long ago declared a quarterly dividend, which was paid on Thursday, February 17th. Shareholders of history on Thursday, February 3rd had been issued a dividend of $.15 per share. The ex-dividend day was Wednesday, February 2nd. This signifies a $.60 dividend on an annualized basis and a generate of 1.79%. KB Home’s dividend payout ratio is presently 9.95%.

A quantity of brokerages have recently commented on KBH. Royal Bank of Canada lessened their cost goal on shares of KB Home from $55.00 to $51.00 and established an “outperform” rating for the enterprise in a investigation note on Thursday. Zacks Financial investment Research downgraded shares of KB Household from a “buy” ranking to a “hold” rating and established a $39.00 cost goal on the stock. in a report on Wednesday, March 16th. KeyCorp dropped their selling price objective on shares of KB Household from $38.00 to $30.00 and set an “underweight” rating on the inventory in a report on Tuesday, March 15th. The Goldman Sachs Group dropped their selling price objective on shares of KB Property from $64.00 to $55.00 and set a “buy” score on the inventory in a report on Thursday. Finally, JPMorgan Chase & Co. raised shares of KB Household from a “neutral” score to an “overweight” score and dropped their selling price goal for the inventory from $64.00 to $51.00 in a report on Thursday, March 10th. 1 analyst has rated the inventory with a market ranking, two have specified a keep ranking, eleven have issued a obtain score and one has issued a strong acquire ranking to the company. According to data from MarketBeat.com, KB House has an normal ranking of “Buy” and a consensus target rate of $52.69.

Numerous institutional traders have lately modified their holdings of KBH. General public Staff members Retirement Program of Ohio grew its situation in KB Dwelling by 10.4% in the fourth quarter. Public Staff Retirement Program of Ohio now owns 6,065 shares of the construction company’s inventory worth $271,000 immediately after buying an extra 573 shares in the previous quarter. LPL Economical LLC elevated its stake in KB Property by 3.7% in the fourth quarter. LPL Economical LLC now owns 17,683 shares of the building company’s inventory worth $791,000 following acquiring an supplemental 638 shares in the final quarter. Comerica Financial institution raised its stake in KB Residence by 1.8% in the fourth quarter. Comerica Bank now owns 45,868 shares of the design company’s stock well worth $1,938,000 soon after getting an supplemental 817 shares in the last quarter. Belpointe Asset Management LLC acquired a new place in KB House in the fourth quarter worth roughly $116,000. Ultimately, Parametric Portfolio Associates LLC elevated its stake in KB House by 1.1% in the fourth quarter. Parametric Portfolio Associates LLC now owns 332,710 shares of the building company’s inventory worthy of $14,882,000 after shopping for an further 3,479 shares in the final quarter. Hedge resources and other institutional buyers personal 88.20% of the company’s inventory.

About KB Household (Get Rating)

KB Dwelling engages in marketing and developing a wide range of new homes. It builds several types of houses, which includes attached and detached one-household houses, townhomes, and condominiums. The business operates by way of the adhering to segments: West Coastline, Southwest, Central, and Southeast. It give houses in progress communities, at urban in-fill destinations and as portion of mixed-use initiatives.

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Earnings History for KB Home (NYSE:KBH)

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