New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 19, 2014
10:17 EDTHOV, LEN, TOL, PHM, WLH, RYLHomebuilders rebound after KB Home results beat expectations
Shares of homebuilders are rising in today's down market after one of the companies in the sector, KB Home (KBH), reported stronger than expected results. WHAT'S NEW: KB Home reported first quarter earnings per share of 12c, compared with analysts' consensus estimate of 8c. The company's revenue was also higher than expected. KB's homebuilding operating income jumped to $17.7M, versus $500K in the same period a year earlier. The average selling price of the company's homes jumped 12% year-over-year, and the net value of its orders rose 18%. KB's housing gross profit margin increased to 17.7%, up from 14.8% in the same period a year earlier. WHAT'S NOTABLE: KB Home's stronger than expected results come after some recent negative news for the sector. On February 25, homebuilder Toll Brothers said that its contracts for units had dropped about 8% in the first three and a half weeks of its second quarter. The company also reduced the high end of its fiscal 2014 home delivery guidance. On March 12, Credit Suisse downgraded its rating on Toll Brothers (TOL), along with peers Pulte Group (PHM) and William Lyon Homes (WLH). The spring selling season looks set to be "underwhelming," the firm warned. PRICE ACTION: In early trading, Lennar rose 4% to $42.20, Ryland (RYL) advanced 2.8% to $42.55, Hovnanian (HOV) added 3% to $5.10, PulteGroup gained 3% to $20.05, William Lyon added 1.5% to $29.80, and KB Home rose 9% to $19.25.
News For LEN;RYL;PHM;HOV;WLH;TOL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
April 24, 2015
09:39 EDTPHMPulteGroup upgraded to Buy from Hold at Zelman
Subscribe for More Information
09:07 EDTPHMSusquehanna keeps Positive rating on PulteGroup despite Q1 shortfall
Susquehanna maintained its Positive rating on PulteGroup following the company's Q1 miss, which the company blamed on construction delays that pushed deliveries into the second half of the year. The firm noted that the company retained its full year guidance and expects gross margins off 23%. Susquehanna is tweaking its estimates to reflect cost pressures and limited pricing power, but maintained its $26 price target on PulteGroup shares.
April 23, 2015
09:58 EDTPHMPulteGroup falls after earnings miss, levels to watch
Subscribe for More Information
09:18 EDTPHMOn The Fly: Pre-market Movers
Subscribe for More Information
06:32 EDTPHMPulteGroup reports Q1 EPS 15c, consensus 20c
Subscribe for More Information
April 22, 2015
15:50 EDTPHMNotable companies reporting before tomorrow's open
Subscribe for More Information
April 13, 2015
10:02 EDTHOVHovnanian management to meet with Sidoti
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use