KB Home Reports 2015 First Quarter Results
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Go back to KB Home Reports 2015 First Quarter Results
March 23, 2015 7:36 AM EDT
FBR Capital analyst lifted his price target on KB Home (NYSE: KBH) to $17.00 (from $15.00) following Q1 results but stopped short of upgrading the stock and maintained a Market Perform rating.
Analyst Steve Stelmach commented, "We reiterate our Market Perform rating and increase our price target to $17 (from... More
March 20, 2015 8:31 AM EDT
KB Home (NYSE: KBH) reported Q1 EPS of $0.08, $0.06 better than the analyst estimate of $0.02. Revenue for the quarter came in at $580 million versus the consensus estimate of $474.3 million.
Housing revenues grew 19% to $524.8 million in the current quarter from $440.1 million for the corresponding quarter of 2014. The Company delivered 1,593 homes in the first quarter, representing an increase of 10% from 1,442 homes delivered in the year-earlier quarter.The overall average selling price of homes delivered grew 8% to $329,500, up from $305,200 a year ago, reflecting a shift in the...
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