Revenue Update on KB Home(NYSE:KBH)

KB Home(NYSE:KBH) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during After-Market on Mar 23, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $818.596M. Analysts estimated a revenue of $804.020M. The revenues were 1.81% above the estimates. Earnings per share were $0.15. The reported EPS was above estimates by 15.38%. Analysts had estimated an EPS of $0.13.

In a different note, On Feb 28, 2017, Buckingham said it Downgrades its rating on KB Home. The shares have been rated ‘Neutral’ by the firm. BTIG Research said it Initiates Coverage On KB Home, according to a research note issued on Feb 8, 2017. In the research note, the firm Announces the price-target to $13 per share. The shares have been rated ‘Sell’ by the firm. On Jan 24, 2017, Raymond James said it Downgrades its rating on KB Home. The shares have been rated ‘Underperform’ by the firm.

KB Home (KBH) made into the market gainers list on Fridays trading session with the shares advancing 1.50% or 0.29 points. Due to strong positive momentum, the stock ended at $19.61, which is also near the day’s high of $19.9. The stock began the session at $19.85 and the volume stood at 50,26,175 shares. The 52-week high of the shares is $19.9 and the 52 week low is $12.38. The company has a current market capitalization of $1,670 M and it has 8,51,47,549 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 27, 2016, Jeffrey T Mezger (President and CEO) sold 500,000 shares at $16.47 per share price.Also, On Apr 28, 2015, Nicholas S Franklin (EVP, Strategic Operations) purchased 5,000 shares at $14.76 per share price.

KB Home is a homebuilding company that constructs and sells homes through its operating divisions under the name KB Home. The Company operates through five operating segments which includes four homebuilding segments and one financial services segment. The Company’s homebuilding operations are organized into four segments: West Coast Southwest Central and Southeast. The Company delivered approximately 7215 homes through its four homebuilding segments. The Company’s financial services segment offers property and casualty insurance and in certain instances earthquake flood and personal property insurance to its homebuyers. The Company also provides title services in the majority of its markets located within Central and Southeast homebuilding reporting segments. This segment also offers mortgage banking services including residential consumer mortgage loan originations to its homebuyers indirectly through Home Community Mortgage LLC (HCM).

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