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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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November 21, 2014
10:00 EDTKBHOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Best Buy (BBY) upgraded to Outperform from Market Perform at Telsey Advisory... BlackRock (BLK) upgraded to Outperform from Market Perform at Bernstein... Cerner (CERN) upgraded to Outperform from Market Perform at Cowen... Community Health (CYH) upgraded to Outperform from Market Perform at Raymond James... Lockheed Martin (LMT) upgraded to Neutral from Sell at UBS... Teekay Offshore Partners (TOO) upgraded to Buy from Neutral at Citigroup... Trinity Industries (TRN) upgraded to Buy from Neutral at Longbow... Zebra Technologies (ZBRA) upgraded to Overweight from Neutral at JPMorgan... Ross Stores (ROST) upgraded to Hold from Sell at Maxim... St. Jude Medical (STJ) upgraded to Outperform from Market Perform at Cowen... Wolverine World Wide (WWW) upgraded to Buy from Neutral at DA Davidson... D.R. Horton (DHI) upgraded to Market Perform from Underperform at Raymond James... KB Home (KBH) upgraded to Market Perform from Underperform at Raymond James... Sony (SNE) upgraded to Overweight from Neutral at JPMorgan.
08:17 EDTKBHKB Home upgraded to Market Perform from Underperform at Raymond James
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November 13, 2014
07:18 EDTKBHUBS to hold a conference
Building & Building Products Annual CEO Conference is being held in New York on November 13 with webcasted company presentations to begin at 9:30 am; not all company presentations may be webcasted. Webcast Link

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