KB Home Reports 2019 Fourth Quarter and Full Year Results
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KB Home (KBH) PT Raised to $40 at RBC Capital
January 10, 2020 6:37 AM ESTRBC Capital analyst Mike Dahl raised the price target on KB Home (NYSE: KBH) to $40.00 (from $38.00) while maintaining an Outperform rating following results.
Dahl commented, "We are raising our FY20 est. to $3.88 (from $3.57) after solid 4Q orders and FY20 margin guidance,... More
KB Home (KBH) Tops Q4 EPS by 2c, Revenues Miss
January 9, 2020 4:12 PM ESTKB Home (NYSE: KBH) reported Q4 EPS of $1.31, $0.02 better than the analyst estimate of $1.29. Revenue for the quarter came in at $1.56 billion versus the consensus estimate of $1.61 billion.
Three Months Ended November 30, 2019 (comparisons on a year-over-year basis)
Revenues grew 16% to $1.56 billion.Homes delivered increased 16% to 3,929.Average selling price of $392,500 declined slightly.Homebuilding operating income increased 33% to $162.5 million. Homebuilding operating income margin was 10.5%, up 140 basis points. Excluding inventory-related charges of $4.1 million in the quarter and $9.1 million in the year-earlier quarter, this metric was 10.7%, compared to 9.7%.Housing gross profit margin improved 150... More