KB Home Reports 2015 Fourth Quarter and Full Year Results
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UPDATE: MKM Partners Downgrades KB Home (KBH) to Neutral
January 8, 2016 7:33 AM EST(Updated - January 8, 2016 11:46 AM EST)
MKM Partners downgraded KB Home (NYSE: KBH) from Buy to Neutral with a price target of $13.00 (from $20.00). Analyst Megan McGrath pointed out its 4Q miss and disappointing guidance.
"Our Buy rating was predicated on the belief that KBH would... More
KB Home (KBH) Attributes 4Q Miss to Inclement Weather - FBR Capital Cuts PT to $11.50
January 8, 2016 7:04 AM ESTFBR Capital maintained a Market Perform rating on KB Home (NYSE: KBH), and cut the price target to $11.50 (from $16.00), following the company's 4Q earnings This was a disappointing quarter for KB Home, as the company missed Street expectations for new orders, deliveries, and gross margins; but it did realize... More
KB Home (KBH) Misses Q4 EPS by 7c
January 7, 2016 6:30 AM ESTKB Home (NYSE: KBH) reported Q4 EPS of $0.43, $0.07 worse than the analyst estimate of $0.50. Revenue for the quarter came in at $985.8 thousand versus the consensus estimate of $1.07 million.
Backlog and Net Orders
The dollar value of homes in backlog grew 40% to $1.28 billion at November 30, 2015 from $914.0 million at November 30, 2014, reflecting substantial... More