Streetbeat News

KBH

KB Home

https://www.kbhome.com

Industry

Residential Construction

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. The company also offers financial services, such as insurance products and title services. It has operations in Arizona, California, Colorado, Florida, Nevada, North Carolina, Texas, and Washington. The company was formerly known as Kaufman and Broad Home Corporation and changed its name to KB Home in January 2001. KB Home was founded in 1957 and is headquartered in Los Angeles, California.

Open

80.69

Mkt cap

Volume

721K

High

82.69

P/E Ratio

10.48

52-wk high

89.70

Low

80.32

Div yield

0.01

52-wk low

50.34

KB Home (NYSE:KBH) reported Q1 financial results with revenue of $1.47 billion and EPS of $1.76, both exceeding estimates. The company saw a 55% increase in net orders and a 58% increase in net order value. Despite a slight decrease in average selling price, inventories rose by 2% year-over-year. KB Home repurchased $50 million of its stock and ended the quarter with $1.75 billion in liquidity. The company anticipates full-year 2024 housing revenues between $6.5 billion and $6.9 billion, with average selling prices ranging from $480,000 to $490,000.

Portfolio Pulse from Adam Eckert

March 20, 2024 | 8:41 pm

KB Home (NYSE:KBH) reported Q1 earnings with an EPS of $1.76, beating estimates by 12.0% and showing a revenue increase of $83.69 million from the previous year. Despite past earnings beats, the share price dropped 1.0% the day after last quarter's announcement.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 8:25 pm

KB Home (NYSE:KBH) reported Q1 earnings of $1.76 per share, surpassing the $1.57 estimate, marking a 21.38% increase from last year. Sales reached $1.47B, exceeding the $1.46B estimate, up 5.97% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 8:11 pm

US stock futures indicate a cautious opening as investors await the Federal Reserve's interest rate decision. Weak bond yields and gold prices suggest expectations of a dovish Fed stance. The S&P 500 showed signs of a near-term top, with potential for a 5-6% pullback. Premarket trading saw SPY and QQQ ETFs move slightly, while individual stocks like BNTX, PDD, JKS, NDAQ, and CMG saw significant premarket activity due to earnings and announcements.

Portfolio Pulse from Shanthi Rexaline

March 20, 2024 | 11:28 am

Numerous companies are scheduled to report their quarterly earnings on March 20, 2024, with expectations ranging from significant profits to losses. Notable mentions include BioNTech with projected earnings of $2.64 per share, PDD Holdings expecting $1.60 per share, and Micron Technology anticipated to report a loss of $0.26 per share. The diversity in performance across sectors highlights the varied economic landscape.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 9:32 am

KB Home (NYSE:KBH) is scheduled to release its quarterly earnings report on March 20, 2024, with analysts expecting an EPS of $1.57. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter beating EPS estimates by $0.16 but resulting in a 1.23% drop in share price the next day. KB Home's stock has seen an 83.53% increase over the last 52 weeks, trading at $67.06 as of March 18.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 2:01 pm

Shares of homebuilders and housing stocks, including Lennar, are trading lower after Lennar reported mixed Q1 financial results. The sector is also impacted by a larger-than-expected Producer Price Index (PPI) increase, indicating potential inflationary pressures that could affect consumer spending and interest rates, further influencing the housing market.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 2:32 pm

Shares of homebuilders and housing-related stocks, including DHI, KBH, LEN, PHM, and TOL, are trading higher following a drop in mortgage rates. This decrease in mortgage rates could be making home buying more accessible, thus potentially increasing demand for new homes.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 7:35 pm

Shares of companies in the consumer discretionary sector, including ADT, AENT, BALY, and others, are trading lower due to January CPI data indicating a higher-than-expected inflation rise.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 8:52 pm

Recent insider sales have been reported for DoorDash, KB Home, Interactive Brokers, and Huntington Bancshares. These sales come amidst various company-specific news, such as analyst ratings, executive promotions, and earnings reports. While insider sales can indicate various sentiments about a company's stock, they are not the sole factor to consider for investment decisions.

Portfolio Pulse from Avi Kapoor

February 02, 2024 | 12:40 pm

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