The trading price of KB Home (NYSE:KBH) closed higher on Tuesday, Jan 12, closing at $33.71, 1.31% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $33.35 and $34.45. The company’s P/E ratio in the trailing 12-month period was 10.27, while its 5Y monthly beta was 1.88. In examining the 52-week price action we see that the stock hit a 52-week high of $42.2 and a 52-week low of $9.82. Over the past month, the stock has suffered -0.9% in value.
KB Home, whose market valuation is $3.21 Billion at the time of this writing, is expected to release its quarterly earnings report Mar 24, 2021- Mar 29, 2021. The dividend yield on the company stock is 1.76, while its Forward Dividend ratio is 0.6. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.81 per share this quarter, however they have predicted annual earnings per share of $4.43 for 2021 and $5.04 for 2022. It means analysts are expecting annual earnings per share growth of 0.42% this year and 0.14% next year.
Analysts have forecast the company to bring in revenue of $1.27 Billion for the quarter, with the likely lows of $1.11 Billion and highs of $1.63 Billion. The average estimate suggests sales will likely up by 32.8% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $5.58 Billion. The company’s revenue is forecast to grow by +33.4% over what it did in 2020.
On the technical side, indicators suggest KBH has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently Hold.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned KBH a recommendation rating is 10. Out of them, 6 rate it a Hold, while 4 recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged KB Home (KBH) as Underperform, while not any of them advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.64, which symbolizes a positive outlook. A quick review shows that KBH’s price is currently -0.38% off the SMA20 and -0.7% off the SMA50. The RSI metric on the 14-day chart is currently showing 49.25, and weekly volatility stands at 4.47%. When measured over the past 30 days, the indicator reaches 3.66%. KB Home (NYSE:KBH)’s beta value is currently sitting at 1.88, while the Average True Range indicator is currently displaying 1.3. With analysts defining $35-$58 as the low and high price targets, we arrive at a consensus price target of $43.33 for the trailing 12-month period. The current price is about 2.49% off the estimated low and 69.84% off the forecast high, based on this estimate. Investors will be thrilled if KBH’s share price rises to $44, which is the median consensus price. At that level, KBH’s share price would be +28.84% above current price.
To see how KB Home stock has been performing in comparison to its peers in the industry, here are the numbers: KBH stock’s performance was +1.31% in the latest trading, and -3.15% in the past year, while D.R. Horton (DHI) has traded +0.54% on the day and positioned +27.74% higher than it was a year ago. Another comparable company Lennar Corp (LEN) saw its stock close 0.94% higher in the most recent trading session but was up +26.49% in a year. Furthermore, Lennar Corp Cl B (LEN.B) showed an increase of 1.31% on the day while its price kept declining at -3.15% over the past year. KB Home has a P/E ratio of 10.27, compared to D.R. Horton’s 10.66 and Lennar Corp’s 11.5. Also in last trading session, the S&P 500 Index has surged 0.04%, while the Dow Jones Industrial also saw a positive session, up +0.19% on the day.
An evaluation of the daily trading volume of KB Home (NYSE:KBH) indicates that the 3-month average is 1.37 Million. However, this figure has increased over the past 10 days to an average of 1.89 Million.
Currently, records show that 97.84 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 10.97% of outstanding shares, whereas institutions hold 89.78%. The stats also highlight that short interest as of December 14, 2020, stood at 3.39 Million shares, resulting in a short ratio of 2.82 at that time. From this, we can conclude that short interest is 3.47% of the company’s total outstanding shares. It is noteworthy that short shares in December were up slightly from the previous month’s figure, which was 2.56 Million. However, since the stock’s price has seen +1.88% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
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