KB Home (NYSE:KBH) homebuilding specialist, is expected to report second quarter earnings results, after market close, on Wednesday 24th June 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.49 per share.
Looking ahead, the full year income are expected at $ 2.49 per share on the revenues of $ 4545.77 million.
Historical Earnings Performance
The pervious quarter 1Q20 results beat market expectation, the report interpreted income of $ 0.63 per share from the top line of $ 1,075.94 million, analysts anticipated $ 0.45 per share
In the same quarter last year, the 2Q19 results outsmarted wall street estimates, the report represented earnings of $ 0.51 per share from the revenues of $ 1,021.80 million, analysts expected $ 0.40 per share
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Stock Performance
According to the previous trading day, closing price of KBH was $ 34.07, representing a 246.95 % increase from the 52 week low of $ 9.82 and a 15.9 % decrease over the 52 week high of $ 40.51.
The company has a market capital of $ 3.33 billion and is part of the Consumer Cyclical sector and Residential Construction industry.
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Recent Analyst recommendations
On 11th June 2020, downgraded by JPMorgan Chase & Co. to Underweight from Neutral rating
On 10th June 2020, downgraded by RBC Capital to Sector Perform from Outperform rating, with $ 34.00 target price.
On 9th June 2020, downgraded by RBC Capital to Sector Perform from Outperform rating, with $ 34.00 target price.
On 28th May 2020, initiated by Credit Suisse Group at Outperform rating
On 15th May 2020, downgraded by KeyBanc to Sector Weight from Overweight rating
Recent Stock Dividend Announcement
On April 9, 2020, the board of directors authorized quarterly dividend of $ 0.09 per share to holders of record as of the close of business on May 7, 2020, with payment date of May 21, 2020 and ex-dividend date on May 6, 2020.
Conference Call
KB Home will be hosting a conference call at 5:00 PM eastern time on 24th June 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/evq9cv5f
KB Home operates as a homebuilding company in the United States. It operates in four segments: West Coast, Southwest, Central, and Southeast. The company builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers.
