KB Home NYSE: KBH deweloper, budowa domów mieszkalnych

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wykres
https://finance.yahoo.com/chart/kbh?ltr=1
https://stockcharts.com/h-sc/ui?s=kbh

KB Home NYSE: KBH is a homebuilding company based in the United States, founded in 1957 as Kaufman & Broad in Detroit, Michigan. It was the first company to be traded on the NYSE as a home builder and was a Fortune 500 company from 2000 through 2008. Its headquarters are in Los Angeles, California.

The company has built 550,000 homes since its founding. It builds homes primarily for first-time home buyers.
S&P 400 Component [03.2020]

https://en.wikipedia.org/wiki/KB_Home
http://www.kbhome.com/
dywidendy ok. 1,5% duże podwyżki ale co kilka lat
https://finviz.com/quote.ashx?t=KBH
https://seekingalpha.com/symbol/KBH/dividends/history
https://www.nasdaq.com/market-activity/ ... nd-history

TAGI dom, budowa domów

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KB Home Beats Earnings Estimates - Eases Land Acquisition Due to Coronavirus

KB Home shares surged in after-hours trading Thursday after the homebuilder reported stronger-than-expected fiscal-first-quarter results.

KB Home (KBH) - Get Report shares surged in after-hours trading Thursday after the homebuilder reported stronger-than-expected fiscal-first-quarter earnings.

For the quarter ended Feb. 29, KB’s net income totaled $59.7 million, or 63 cents a share, up from $30 million, or 31 cents, in the year-earlier period. Analysts surveyed by FactSet expected per-share earnings of 45 cents for the latest quarter.

KB reported revenue of $1.08 billion, up 33% from the year-earlier quarter and topping analysts’ forecast of $957.7 million. It was the company’s strongest first quarter for revenue since 2007.

Understandably enough, Chief Executive Jeffrey Mezger’s focus isn’t on quarterly earnings.

“Our principal focus today is the concern for the health and welfare of our employees, customers and business partners, and their families, in light of the wide-ranging efforts to contain Covid-19 and the impact it will have on the global economy,” he said in a statement.

“While our performance in the first quarter was strong, with underlying market conditions that were robust, these results preceded the Covid-19 pandemic declaration, and we are now taking actions to adjust our business in this period of uncertainty.”

He lauded the company’s “strong balance sheet” and over $1.2 billion in liquidity. “With our built-to-order model, we are flexible in aligning our business to demand and building to our sales pace, mitigating inventory risk,” Mezger said.

“While we continue to close homes and generate revenues, we are also taking steps to curtail land acquisition and development until circumstances become more stabilized.”

KB shares at last check stood at $20.67, up 8.3%. They finished the regular session Thursday down 2% at $19.08.

https://www.thestreet.com/investing/kb- ... pectations

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KB HomeKBH reported a 14% EPS gain, far above views, with revenue down14%to $999million. These numberswerebig improvements fromthe prior quarter, as lower mortgageratesandrebounding housingdemandfueled gains. But shares plunged from record highs. ibd

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KB Home hikes dividend by 66.7 percent

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Lennar (LEN) reported that Q3 EPS rose 54%, just above views. But sales grew 18% to $6.9 billion, below views. Meanwhile, KBHome (KBH) met Q3 EPS views, but a 47% revenue jump fell short. Both blamed supply-chain constraints that curbed their ability to sell as many homes as they had projected.
ibd

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Homebuilder KB Home (NYSE:KBH) impressed after the close Wednesday on continued strong demand for housing
Latest Release
Jan 12, 2022

EPS / Forecast
1.91 / 1.77

Revenue / Forecast
1.68B / 1.71B

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KB Home Earnings, Revenue Beat in Q2

KB Home Earnings, Revenue Beat in Q2© Reuters. KB Home Earnings, Revenue Beat in Q2
Investing.com -- KB Home (NYSE:KBH) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.

KB Home announced earnings per share of $2.32 on revenue of $1.72 billion. Analysts polled by Investing.com anticipated EPS of $2.04 on revenue of $1.64 billion.

Shares of the home builder rose 3% in after-hours trading.

The company said sales rates are moderating because of higher mortgage rates and inflation that is pushing some buyers to the sidelines. But it reaffirmed its 2022 guidance.

Revenue was up 19% and home deliveries were even at 3,469 compared to the same quarter last year. The average selling price rose 21% to $494,300. KB Home said homebuilding operating income grew 62%, to $264.5 million.

KB Home shares are down 41.45% from the beginning of the year, still down 47.83% from its 52-week high of $50.20 set on January 14.

KB Home shares gained 4.28% in after-hours trade following the report.

KB Home follows other major Consumer Discretionary sector earnings this month
KB Home's report follows an earnings beat by Alibaba ADR on May 26, who reported EPS of $7.95 on revenue of $204.05 billion, compared to forecast EPS of $7.1 on revenue of $199.47 billion.

Pinduoduo had beat expectations on May 27 with first quarter EPS of $2.95 on revenue of $23.79 billion, compared to forecast for EPS of $1.83 on revenue of $20.45 billion.

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Investing.com - KB Home (NYSE:KBH) delivered softer guidance Wednesday after reporting mixed fiscal third-quarter results as earnings topped estimates, but revenue fell short of estimates as the homebuilder flagged a shortfall in deliveries and ongoing supply chain constraints likely to hurt fourth-quarter results.

KB Home fell more than 2% in after-hours trading after ending the day about 2% lower.

For the third quarter, EPS was $2.86, up from $1.60 a year ago, beating estimates of $2.66. Revenue rose 26% to $1.84 billion, but that was short of estimates of $1.88 billion.

Looking ahead to Q4, housing revenues were guided in the range of $1.95 billion to $2.05 billion on an average selling price in the range of $503,000. Analysts were expecting Q4 revenue of $2.36 billion.

"Although we experienced a shortfall in deliveries relative to our expectation due to extended build times and ongoing supply chain constraints, which will also impact our 2022 fourth quarter, our results demonstrate our larger scale, excellent portfolio of communities and a healthy balance sheet," the company said.

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KB Home (NYSE:KBH) shares fell nearly 5% after-hours following the company’s reported Q4 results, with EPS of $2.47 coming in worse than the consensus estimate of $2.87. Revenue grew 16% year-over-year to $1.94 billion, missing the consensus estimate of $1.98B.

"While favorable demographics and a prolonged undersupply of homes give us confidence in the housing market's long-term outlook, current conditions remain challenging. High mortgage rates and persistent inflation, together with an uncertain economy, have made homebuyers more cautious since the middle of last year. As such, in the fourth quarter, we prioritized delivering our large backlog and protecting our high margins over taking steps to stimulate additional sales during this seasonally slower time frame," said Jeffrey Mezger, Chairman, President and Chief Executive Officer.

The company provided its outlook for Q1/23, expecting housing revenues in the range of $1.25-$1.40B and an average selling price in the range of $490,000 -$500,000.

Given significant uncertainty and limited forward visibility regarding the 2023 housing market, and challenging macroeconomic and geopolitical conditions, the company provided its guidance for fiscal 2023 only for housing revenues, which are expected to be in the range of $5.00-$6.00B.

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In other news, sentiment on homebuilders was soured after JPMorgan doubled downgraded KB Home (NYSE:KBH) to Neutral, and downgraded DR Horton Inc (NYSE:DHI) to Neutral, citing valuation concerns.

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According to real estate agent Redfin (NASDAQ:RDFN) on Friday, luxury home purchases sunk to the second lowest on record, declining by 44.6% year-over-year during the three months ending January 31, 2023.

The technology-powered real estate brokerage's data, dated back to 2012, revealed the decline outpaced the record 37.5% drop in sales of non-luxury homes.

The housing market has cooled significantly over the last year due to rising mortgage rates, persistently high home prices, soaring inflation, and economic concerns, resulting in confidence in the market tumbling.

"Many wealthy Americans are choosing to invest in assets other than real estate because elevated mortgage rates and softening housing prices have cast a shadow over prospective real estate returns," said Redfin, adding that uncertainty is the primary driver of the slide.

The drop in high-end home sales was led by Miami, with luxury-home sales slumping 68.7% year-over-year. Redfin believes the markets that saw the steepest fall will likely see high-end buyers back off because they were already among the least affordable in the nation.

However, the company also said that while the housing market has slowed significantly, home prices have been propped up by a lack of supply.

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KB Home (KBH) reported 1% declines in fiscal Q1 EPS and revenue, but topped views. The homebuilder also gave bullish guidance.
Shares jumped

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KB Home hikes dividend by 33.3%. $KBH

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DR Horton (NYSE:DHI) stock rose 2% after Goldman Sachs upgraded its stance on the housebuilder to ‘buy’ from ‘neutral’, while KB Home (NYSE:KBH) stock fell 2.1% as Goldman cut to ‘neutral’ from ‘buy’.