Factors Likely to Have Influenced Earnings Results KB Home (NYSE:KBH)

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Earnings results for KB Home (NYSE:KBH)

KB Home is expected* to report earnings on 09/22/2020 after market close. The report will be for the fiscal Quarter ending Aug 2020. According to Zacks Investment Research, based on 6 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.5. The reported EPS for the same quarter last year was $0.73.

KB Home last posted its quarterly earnings data on June 24th, 2020. The construction company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.03. The company had revenue of $913.97 million for the quarter, compared to the consensus estimate of $1.08 billion. Its revenue for the quarter was down 10.6% on a year-over-year basis. KB Home has generated $2.85 earnings per share over the last year and currently has a price-to-earnings ratio of 12.1. KB Home has confirmed that its next quarterly earnings report will be published on Tuesday, September 22nd, 2020.

Analyst Opinion on KB Home (NYSE:KBH)

18 Wall Street analysts have issued ratings and price targets for KB Home in the last 12 months. Their average twelve-month price target is $35.94, predicting that the stock has a possible downside of 7.68%. The high price target for KBH is $44.00 and the low price target for KBH is $24.00. There are currently 2 sell ratings, 6 hold ratings, 8 buy ratings and 2 strong buy ratings for the stock, resulting in a consensus rating of “Buy.”

KB Home has received a consensus rating of Buy. The company’s average rating score is 2.56, and is based on 8 buy ratings, 6 hold ratings, and 2 sell ratings. According to analysts’ consensus price target of $35.94, KB Home has a forecasted downside of 7.7% from its current price of $38.93. KB Home has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: KB Home (NYSE:KBH)

KB Home has a dividend yield of 0.92%, which is in the bottom 25% of all stocks that pay dividends. KB Home has only been increasing its dividend for 1 years. The dividend payout ratio of KB Home is 12.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KB Home will have a dividend payout ratio of 9.55% next year. This indicates that KB Home will be able to sustain or increase its dividend.

Insiders buying/selling: KB Home (NYSE:KBH)

In the past three months, KB Home insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,083,799.00 in company stock. Only 5.36% of the stock of KB Home is held by insiders. 90.38% of the stock of KB Home is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of KB Home (NYSE:KBH

Earnings for KB Home are expected to grow by 41.20% in the coming year, from $2.67 to $3.77 per share. The P/E ratio of KB Home is 12.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.51. The P/E ratio of KB Home is 12.09, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 27.93. KB Home has a PEG Ratio of 1.62. PEG Ratios above 1 indicate that a company could be overvalued. KB Home has a P/B Ratio of 1.44. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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