KB Home (NYSE:KBH) to Post Q4 2024 Earnings of $2.50 Per Share, Wedbush Forecasts

KB Home (NYSE:KBH) – Stock analysts at Wedbush cut their Q4 2024 EPS estimates for shares of KB Home in a research note issued to investors on Wednesday, September 25th. Wedbush analyst J. Mccanless now forecasts that the construction company will post earnings per share of $2.50 for the quarter, down from their prior forecast of $2.53. Wedbush currently has a “Neutral” rating and a $75.00 target price 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 Q1 2025 earnings at $1.79 EPS, Q3 2025 earnings at $2.48 EPS, FY2025 earnings at $9.67 EPS and Q1 2026 earnings at $1.99 EPS.

A number of other research firms have also weighed in on KBH. Barclays upped their price target on shares of KB Home from $78.00 to $99.00 and gave the stock an “overweight” rating in a research report on Wednesday. Royal Bank of Canada lowered shares of KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price target for the company. in a research report on Thursday, September 5th. Keefe, Bruyette & Woods boosted their target price on shares of KB Home from $74.00 to $77.00 and gave the stock a “market perform” rating in a report on Thursday, June 20th. Evercore ISI boosted their target price on shares of KB Home from $86.00 to $89.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, The Goldman Sachs Group boosted their target price on shares of KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, KB Home has an average rating of “Hold” and a consensus price target of $77.27.

KB Home Trading Up 2.0 %

Shares of NYSE KBH opened at $85.94 on Friday. The firm has a market capitalization of $6.46 billion, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 0.89 and a beta of 1.81. KB Home has a 12-month low of $42.11 and a 12-month high of $89.70. The firm has a 50 day moving average of $82.58 and a 200 day moving average of $73.62.

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

KB Home Announces Dividend

The firm also recently declared 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 yield of 1.16%. The ex-dividend date of this dividend was Thursday, August 8th. KB Home’s payout ratio is 13.23%.

Institutional Investors Weigh In On KB Home

Hedge funds have recently bought and sold shares of the business. Fidelis Capital Partners LLC purchased a new stake in KB Home during the first quarter valued at $60,000. Plato Investment Management Ltd raised its stake in shares of KB Home by 72.0% in the first quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company’s stock valued at $77,000 after acquiring an additional 452 shares during the period. Tortoise Investment Management LLC raised its stake in shares of KB Home by 625.3% in the second quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company’s stock valued at $78,000 after acquiring an additional 963 shares during the period. Manchester Capital Management LLC raised its stake in shares of KB Home by 134.4% in the first quarter. Manchester Capital Management LLC now owns 1,137 shares of the construction company’s stock valued at $81,000 after acquiring an additional 652 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in shares of KB Home in the first quarter valued at $120,000. Hedge funds and other institutional investors own 96.09% of the company’s stock.

KB Home Company Profile

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.