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Stock Market & Financial Investment News

News Breaks
December 19, 2012
12:23 EDTKBHEarnings Preview: KB Home nears 52-week high ahead of Q4 report
KB Home (KBH) is expected to report Q4 earnings Thursday, December 20 before the market open, with a conference call scheduled for 11:30 am EST. Analysts are looking for EPS of 6c on revenue of $567.06M. The consensus range is wide at (5c)-18c for EPS, and $479.39M-$602M for revenue, according to First Call. The company reported mixed Q3 results, beating EPS but narrowly missing its revenue target. On its Q3 conference call, management said it expected the company to be profitable in Q4 and anticipated higher average selling prices going forward. The companyís CEO, Jeff Mezger, said the recovery in the housing market was gaining momentum, inventory levels were declining, and home prices were rising. KBís backlog at the end of Q3 reached its highest level since 2008, rising to $744.7M. On November 21, U.S. housing starts increased to a four-year high of 894,000. This was the fastest rate since July of 2008, a positive sign for the homebuilders. Sentiment on the Street regarding KB Home has been mixed recently, with several upgrades and downgrades over the past three months. The stock has traded significantly higher since Q3 results were released, moving from around $13 to a recent $16.89 a share. A fresh 52-week high of $17.30 was made in October, and the shares are again approaching that level.
News For KBH From The Last 14 Days
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April 11, 2014
12:42 EDTKBHOn The Fly: Analyst Upgrade Summary
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06:42 EDTKBHKB Home upgraded to Market Perform from Underperform at Keefe Bruyette
Keefe Bruyette upgraded KB Home to Market Perform with a $17 price target citing valuation.
April 10, 2014
11:01 EDTKBHKB Home acquires 500 lots at Patterson Ranch in Fremont
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