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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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May 27, 2015
10:01 EDTKBHKB Home acquires property in Broomfield's North Park community
KB Home announced that it has acquired land from McWhinney, a Colorado-based real estate investment, management and development company, for a new KB Home community within the highly desirable North Park development in Broomfield. Land development is currently underway, with plans to open the new community this fall. KB Home currently plans to build 96 paired homes at North Park, offering four two-story floor plans that range in size from 1,443 to 1,682 square feet, can accommodate up to four bedrooms, two-and-a-half baths, and feature two-car garages. All KB homes at North Park will be built to exacting ENERGY STAR guidelines, making them among the most energy-efficient new homes available today. Pricing is anticipated to begin in the mid-$300,000s.
May 19, 2015
07:34 EDTKBHJPMorgan to hold a conference
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May 15, 2015
10:01 EDTKBHOn The Fly: Analyst Downgrade Summary
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08:32 EDTKBHKB Home downgraded to Market Perform from Outperform at Raymond James
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