Williams Financial Group Upgrades KB Home (KBH) to Hold
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MKM Partners Boosts Target on KB Home (KBH) on Solid Results
March 22, 2013 1:22 PM EDTMKM Partners raised its price target on Buy-rated KB Home (NYSE: KBH) from $21 to $24 Friday following solid Q1 results.
"Given the company's improving operating trends, we have increased confidence in KBH's ability to achieve profitability for the full year and, as such, we feel... More
KB Home (KBH) Pops on Better Q1 Results; Peers on Watch
March 21, 2013 8:45 AM EDTKB Home (NYSE: KBH) is up a quick 4 percent on a smaller-than-expected Q1 loss and better sales. Housing peers are also on watch with PulteGroup, Inc. (NYSE: PHM) and DR Horton Inc. (NYSE: DHI)... More
KB Home (KBH) Post Smaller Q1 Loss on Better Sales
March 21, 2013 8:36 AM EDTKB Home (NYSE: KBH) reported Q1 EPS of ($0.16), $0.06 better than the analyst estimate of ($0.22). Revenue for the quarter came in at $405.2 million versus the consensus estimate of $359.8 million.
The Company delivered 1,485 homes, up 29% from the first quarter of 2012, reflecting increases in three of its four homebuilding regions.
The overall average selling price of $271,300 was $52,300, or 24%, higher than the year-earlier quarter, marking the Companys 11th consecutive quarter of year-over-year improvement, and its highest first-quarter average selling price since 2006.
Potential future housing revenues in backlog at February 28, 2013 increased to $703.9 million, up 53% from $460.0 million at... More
