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Stock Market & Financial Investment News

News Breaks
May 13, 2014
09:01 EDTKBHKB Home acquires land for 276 new homes
KB Home announced it has purchased 78 acres along San Antonio’s popular IH-10 corridor for a new community called Mirabel, where the builder plans to construct 276 Built to Order homes at the base of the Texas Hill Country. Development is scheduled to begin in September, with an official grand opening anticipated in spring of FY15.
News For KBH From The Last 14 Days
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September 25, 2014
10:06 EDTKBHOn The Fly: Analyst Downgrade Summary
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05:51 EDTKBHKB Home downgraded to Sector Perform from Outperform at RBC Capital
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September 24, 2014
11:59 EDTKBHKB Home sees higher backlog conversion rate in Q4 vs.Q3
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11:53 EDTKBHKB Home sees housing recovery steady, will take time to get to historical norm
11:39 EDTKBHKB Home backs FY14 delivery view of 7,200-7,400 homes
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11:38 EDTKBHKB Home says disappointed in performance of closings in Q3
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11:35 EDTKBHKB Home says gaining momentum in community count
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08:38 EDTKBHKB Home drops 3% to $16.49 after Q3 results miss estimates
KH Home (KBH) peers include Beazer Homes (BZH), D.R. Horton (DHI), Hovnanian (HOV), Lennar (LEN), M.D.C. Holdings (MDC), PulteGroup (PHM), Ryland Group (RYL) and Toll Brothers (TOL).
08:36 EDTKBHKB Home reports potential future housing revenues in backlog up 37%
KB Home said potential future housing revenues in backlog at August 31 grew 37% to $1.1B from $808.5M at August 31, 2013. The company’s backlog at August 31 was comprised of 3,432 homes, up 13% from 3,039 homes in backlog at August 31, 2013. Net orders increased 5% in Q3 to 1,827, up from 1,736 for the year-earlier quarter.
08:34 EDTKBHKB Home reports Q3 EPS 28c, consensus 40c
Reports Q3 revenue $589.2M, consensus $646.76M. The company delivered 1,793 homes in the third quarter, compared to 1,825 homes delivered in the year-earlier quarter. KB said deliveries in the quarter were tempered by delays in construction schedules and customer mortgage loan closings that resulted in some deliveries being deferred to Q4. The overall average selling price rose 9% to $327,000.
September 23, 2014
15:36 EDTKBHKB Homes calls active into Q3 and outlook
KB Homes October and November 17 calls are active into Q3. October call option implied volatility is at 35, November is at 30, January is at 30, April is at 32; compared to its 26-week average of 33 according to Track Data, suggesting non-directional price movement into the expected release of Q3 results on September 24.
15:27 EDTKBHNotable companies reporting before tomorrow's open
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15:07 EDTKBHKB Home technical comments before results
In the past three months returns have been lower than the broader averages, falling by over 2.5%. The trend has been down to sideways in a range largely bounded by $18.50 at the high and $16.50 at the low. Those ranges may help us navigate post-earnings price reactions. A move lower on worse than expected news that breaks the range low at $16.50 might have bearish implications for price thereafter. In the past two years, the $16 level has held as support. Any news which could break that support could lead to further price weakness. Additional downside support would be at $15.16 , $14.32, and $13.19. If the news is positive and exceeds current expectations, we could see a run back to the top of the range at $18.50. On progressively stronger news or outlook, the following resistance levels could become additional upside objectives: $19.34, and $20.78 which is the 52-week high.
September 19, 2014
12:14 EDTKBHKB Homes volatility flat into Q3 and outlook
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