KB Home (NYSE:KBH) issued its earnings results on Tuesday. As earning per share serves as an indicator for company’s profitability, analyst have given their estimate trends for the next year with quarterly estimate of $0.66.
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KB Home had its “market perform” rating reiterated by analysts at Keefe, Bruyette & Woods. The company had revenue of $913.30 million for the quarter, compared to analysts expectations of $942.87 million. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis.
KB Home closed down -0.37 points or -2.42% at $14.93 with 49,05,967 shares getting traded on Tuesday. The stock had a trading volume of 4,529,662 shares. The businesses 50 day moving average is 15.47 and its 200 day moving average is 14.62. The stocks closing price on Thursday was $14.88. KB Home (NYSE:KBH) shares were trading -8.57 % below from the 52-week high price mark of $16.73 and + 8.99% above from the 52-week price bottom of $8.99. The company’s shares performance for the last one month was -1.14% and 0.93% in the previous week. The stock negotiated total number of 4.91 million shares as compared to 3 months average volume of 2.31 million shares. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. BlackRock Advisors LLC now owns 39,950 shares of the company’s stock valued at $608,000 after buying an additional 3,116 shares in the last quarter. The disclosure for this sale can be found here.
During last 5 trades the stock sticks nearly 0.26%. 1 presented the recommendations about the stock as a “Buy” signal and “Overweight” signal was reported by 0. The median estimate represents a 0.81% increase from the last price of 14.88. Finally, Franklin Resources Inc. raised its stake in KB Home by 10.0% in the second quarter. Cubist Systematic Strategies LLC now owns 26,918 shares of the company’s stock valued at $409,000 after buying an additional 1,704 shares in the last quarter.
Several hedge funds and other institutional investors have recently modified their holdings of KBH.
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A number of FactSet analysts shared their views about the current stock momentum. MKM Partners set a $13.00 price objective on shares of KB Home and gave the company a “hold” rating in a research report on Wednesday, September 14th. The forecast of 1 polled investment analysts covering the stock advises investors to Buy stake in the company. The Los Angeles-based housing provider now has a price target of $22.00 from Wedbush with an “Outperform” rating – meaning the stock has a potential appreciation of 47 percent. Additionally Buckingham Research issued their verdict on the stock of the company, on record date of Jul-18-16 the stock was “Downgraded” from Buy to Neutral besides that on Jun-22-16. “The stock has been suggested as “Buy” from “2” Analysts”. Currently, Stearns Lending is offering mortgage banking services to the company’s home buyers, and KB said it and Stearns Lending are working to establish a new relationship. The Company constructs and sells a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes, townhomes and condominiums. The Companys homebuilding operations are organized into four segments: West Coast, Southwest, Central and Southeast.
