KB Home Reports 2015 Fourth Quarter and Full Year Results
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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
January 8, 2016 7:04 AM EST
FBR 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
January 7, 2016 6:30 AM EST
KB 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...
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