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Last $16.88 USD
Change Today +0.33 / 1.99%
Volume 3.3M
As of 4:15 PM 07/7/15 All times are local (Market data is delayed by at least 15 minutes).

kb home (KBH) Snapshot

Open
$16.54
Previous Close
$16.55
Day High
$16.96
Day Low
$16.34
52 Week High
07/7/14 - $18.59
52 Week Low
01/22/15 - $11.76
Market Cap
1.6B
Average Volume 10 Days
4.0M
EPS TTM
$0.80
Shares Outstanding
92.0M
EX-Date
05/5/15
P/E TM
21.0x
Dividend
$0.10
Dividend Yield
0.60%
Current Stock Chart for KB HOME (KBH)

kb home (KBH) Related Businessweek News

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kb home (KBH) Details

KB Home operates as a homebuilding company in the United States. It constructs and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, move-up, and active adult homebuyers under the name KB Home. The company also provides property and casualty insurance, as well as earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, including residential consumer mortgage loan originations to its homebuyers. It has operations in Arizona, California, Colorado, Florida, Maryland, Nevada, New Mexico, North Carolina, Texas, and Virginia. The company was formerly known as Kaufman and Broad Home Corporation and changed its name to KB Home in 2001. KB Home was founded in 1957 and is headquartered in Los Angeles, California.

1,590 Employees
Last Reported Date: 01/22/15
Founded in 1957

kb home (KBH) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.1M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $683.3K
Executive Vice President and General Counsel
Total Annual Compensation: $606.7K
Chief Accounting Officer and Senior Vice Pres...
Total Annual Compensation: $420.8K
Executive Vice President of Real Estate and B...
Total Annual Compensation: $591.7K
Compensation as of Fiscal Year 2014.

kb home (KBH) Key Developments

KB Home Provides Earnings Guidance for the Third Quarter, Fourth Quarter and Full Year 2015

KB Home provided earnings guidance for the third quarter, fourth quarter and full year 2015. For the third quarter, the company plans to generate housing revenues in the range of $770 million to $810 million as it convert its sizable backlog into deliveries and the company realize continued improvement in its overall average selling price. Consistent with the guidance provided during last quarter's earnings call and assuming no land option contract abandonment or impairment charges, the company is forecasting a third quarter housing gross profit margin in the mid-16% range. For the third quarter 2015, the company forecasting an effective tax rate of approximately 38% with tax credit impacts, if any, expected to be minimal. For the fourth quarter, the company is slightly increasing the prior guidance and now anticipates a gross margin in excess of 18%, again, assuming no abandonment or impairment charges. For the fourth quarter 2015, the company is forecasting an effective tax rate of approximately 38% with tax credit impacts, if any, expected to be minimal For the full year, the company now expects to exceed its earlier guidance for full year land sales revenue of $100 million. For the full year, the company is projecting housing revenues in the range of $2.95 billion to $3.1 billion. The company anticipates additional sequential margin increases in the two remaining quarters of 2015, particularly as it gain operating leverage by delivering a higher number of homes and increasing revenues from its expanded growth platform. The company anticipates investing a total of $1.1 billion to $1.3 billion in land and land development in 2015, which the company expects that it will support its community count and revenue growth objectives.

KB Home Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended May 31, 2015

KB Home reported unaudited consolidated earnings results for the second quarter and six months ended May 31, 2015. For the quarter, the company reported total revenues of $622,969,000 against $565,007,000 a year ago. Operating income was $17,862,000 against $34,292,000 a year ago. Interest income was $152,000 compared to $115,000 a year ago. Total pretax income was $12,673,000 against $26,924,000 a year ago. Net income was $9,573,000 or $0.10 per basic and diluted share against $26,624,000 or $0.27 per diluted share a year ago. For the six months, the company reported total revenues of $1,203,090,000 against $1,015,694,000 a year ago. Operating income was $32,260,000 against $52,011,000 a year ago. Interest income was $255,000 compared to $283,000 a year ago. Total pretax income was $23,172,000 against $37,687,000 a year ago. Net income was $17,372,000 or $0.18 per basic and diluted share against $37,187,000 or $0.40 per diluted share a year ago. Net debt was $2,352,377 against $2,192,924 a year ago.

KB Home Names Andy Garrich as Senior Vice President of Land for its Washington, D.C. Metro Division

KB Home announced that Andy Garrich has been named senior vice president of land acquisition and development for its Washington, D.C. Metro division. In this role, Garrich is responsible for all of the builder’s land acquisition activities and the development of new KB Home communities throughout the region. Garrich joins KB Home with more than 25 years of land development experience in the Maryland and Virginia markets, and holds a Bachelor of Science degree in civil engineering from Virginia Tech.

 

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KBH Competitors

Market data is delayed at least 15 minutes.

Company Last Change
M/I Homes Inc $24.84 USD +0.31
Meritage Homes Corp $47.62 USD +0.74
Standard Pacific Corp $8.96 USD +0.12
Taylor Morrison Home Corp $20.62 USD +0.21
William Lyon Homes $25.75 USD +0.54
View Industry Companies
 

Industry Analysis

KBH

Industry Average

Valuation KBH Industry Range
Price/Earnings 1.9x
Price/Sales 0.6x
Price/Book 0.9x
Price/Cash Flow 1.7x
TEV/Sales NM Not Meaningful
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