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

KB Home (NYSE:KBH) – Research analysts at Wedbush dropped their Q4 2024 EPS estimates for shares of KB Home in a research report issued on Wednesday, September 25th. Wedbush analyst J. Mccanless now expects that the construction company will earn $2.50 per share for the quarter, down from their previous forecast of $2.53. 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 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.

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

A number of other research firms have also recently weighed in on KBH. Bank of America raised their price target on shares of KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. Royal Bank of Canada lowered shares of KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price objective for the company. in a research report on Thursday, September 5th. Keefe, Bruyette & Woods increased their price objective on shares of KB Home from $74.00 to $77.00 and gave the company a “market perform” rating in a research report on Thursday, June 20th. Wells Fargo & Company increased their price objective on shares of KB Home from $70.00 to $80.00 and gave the company an “equal weight” rating in a research report on Monday, September 9th. Finally, Barclays increased their price objective on shares of KB Home from $78.00 to $99.00 and gave the company an “overweight” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $77.27.

KB Home Stock Performance

NYSE:KBH opened at $85.94 on Friday. KB Home has a fifty-two week low of $42.11 and a fifty-two week high of $89.70. The stock has a market capitalization of $6.46 billion, a P/E ratio of 11.37, a P/E/G ratio of 0.89 and a beta of 1.81. The company’s 50-day simple moving average is $82.58 and its 200-day simple moving average is $73.62.

KB Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, August 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.16%. KB Home’s payout ratio is 13.23%.

Institutional Investors Weigh In On KB Home

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fidelis Capital Partners LLC acquired a new stake in shares of KB Home during the 1st quarter worth approximately $60,000. Plato Investment Management Ltd grew its stake in shares of KB Home by 72.0% during the 1st quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company’s stock worth $77,000 after purchasing an additional 452 shares during the period. Tortoise Investment Management LLC grew its stake in shares of KB Home by 625.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company’s stock worth $78,000 after purchasing an additional 963 shares during the period. Manchester Capital Management LLC grew its stake in KB Home by 134.4% in the 1st 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 acquired a new stake in KB Home in the 1st quarter valued at $120,000. Institutional investors and hedge funds 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.