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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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October 20, 2014
07:51 EDTKBHKB Home initiated with a Buy at Buckingham
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October 13, 2014
10:08 EDTKBHOn The Fly: Analyst Upgrade Summary
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07:11 EDTKBHKB Home upgraded to Neutral from Sell at Compass Point
Compass Point upgraded KB Home to Neutral citing relative valuation and focus on lower price points. Price target raised to $15.50 from $13.50.
October 10, 2014
09:30 EDTKBHKB Home upgraded to Outperform from Sector Perform at FBN Securities
FBN Securities upgraded KB Home to Outperform based on relative valuation and increased balance sheet leverage.

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