KB Home to Post FY2024 Earnings of $8.48 Per Share, Wedbush Forecasts (NYSE:KBH)

KB Home (NYSE:KBH) – Investment analysts at Wedbush cut their FY2024 earnings estimates for shares of KB Home in a research report issued on Wednesday, September 25th. Wedbush analyst J. Mccanless now anticipates that the construction company will post earnings of $8.48 per share for the year, down from their prior forecast of $8.54. Wedbush has a “Neutral” rating and a $75.00 price objective on the stock. The consensus estimate for KB Home’s current full-year earnings is $8.38 per share. Wedbush also issued estimates for KB Home’s Q2 2025 earnings at $2.27 EPS, Q4 2025 earnings at $3.15 EPS, Q2 2026 earnings at $2.49 EPS, Q3 2026 earnings at $2.79 EPS and FY2026 earnings at $11.07 EPS.

Several other analysts have also recently issued reports on KBH. Wells Fargo & Company upped their price target on shares of KB Home from $70.00 to $80.00 and gave the company an “equal weight” rating in a report on Monday, September 9th. Keefe, Bruyette & Woods lifted their price target on KB Home from $74.00 to $77.00 and gave the stock a “market perform” rating in a research note on Thursday, June 20th. Evercore ISI boosted their price objective on KB Home from $86.00 to $89.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Royal Bank of Canada downgraded KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 target price on the stock. in a report on Thursday, September 5th. Finally, The Goldman Sachs Group boosted their price target on KB Home from $72.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, September 3rd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $77.27.

KB Home Stock Down 0.5 %

Shares of KBH opened at $85.26 on Monday. The firm has a market cap of $6.41 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 0.89 and a beta of 1.81. The business’s 50 day moving average is $82.68 and its two-hundred day moving average is $73.81. KB Home has a 52-week low of $42.11 and a 52-week high of $89.70.

KB Home (NYSE:KBH) last released its quarterly earnings results on Tuesday, September 24th. The construction company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.02). KB Home had a return on equity of 15.66% and a net margin of 9.43%. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the firm posted $1.80 EPS. The company’s revenue was up 10.3% compared to the same quarter last year.

Hedge Funds Weigh In On KB Home

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Heritage Wealth Management Inc. bought a new stake in shares of KB Home during the 2nd quarter worth about $575,000. Sanctuary Advisors LLC bought a new position in KB Home during the 2nd quarter valued at $691,000. Cetera Investment Advisers boosted its stake in KB Home by 3.1% during the 2nd quarter. Cetera Investment Advisers now owns 23,097 shares of the construction company’s stock valued at $1,621,000 after purchasing an additional 698 shares in the last quarter. Invst LLC increased its position in shares of KB Home by 6.4% during the 2nd quarter. Invst LLC now owns 12,547 shares of the construction company’s stock valued at $846,000 after purchasing an additional 751 shares during the period. Finally, Creative Planning raised its stake in shares of KB Home by 20.9% in the 2nd quarter. Creative Planning now owns 23,662 shares of the construction company’s stock worth $1,661,000 after buying an additional 4,096 shares in the last quarter. Institutional investors own 96.09% of the company’s stock.

KB Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Thursday, August 8th. KB Home’s dividend payout ratio is currently 13.23%.

About KB Home

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.