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KBH

KB Home

5/24/2013, 1:55 AM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Tuesday, May 21, 1:39 PM KB Home (KBH -1%) reaffirmed its FY13 outlook earlier today, saying it continues to see healthy profitability in 2013. Its gross margin is expected to improve sequentially throughout the year. It also plans to invest more than $1B on land acquisition and development over the course of the year. (Webcast). Comment! [On the Move]
Wednesday, April 24, 12:19 PM Meritage Homes (MTH +5.2%) moves higher today on a solid Q1 earnings beat this morning. The number of closed homes for the quarter jumped 17% as closing surged 39% and orders jumped 35%. What's really driving the stock right now is its forecast for FY13. The homebuilder's EPS forecast, based on a 40% increase in closings revenue the rest of the year, puts the midpoint of its profit estimate more than 15% above consensus views - which were already double that from 2012. It now expects to earn between $2.20 - 2.45, versus Street estimates of $2.04. Comment! [Earnings, On the Move]
Monday, April 22, 12:11 PM Homebuilders slip today on weaker than anticipated earnings out of NVR and a miss on Existing Home Sales numbers for March: [(XHB -0.6%, [HOV]] -1.6%, MTH -0.6%, RYL -1.3%, TOL -1.4%, TPH -0.4%, DHI -0.2%, KBH -0.2%, LEN -1.2%, SPF -1%. Home improvement superstore operators also feel the pinch: (HD -0.4% and (LOW -1.2%. 2 Comments [On the Move, U.S. Economy]
Tuesday, April 16, 11:29 AM Homebuilder stocks aren't taking much encouragement off the bigger number in Housing Starts today, as the underlying data doesn't appear to be strong enough to offset yesterday's drubbing: BZH -0.7%, TMHC -0.2%, HOV -0.2%, DHI +0.9%, KBH +0.5%, PHM +1.6%, LEN +0.9%, TOL +1%. Building materials suppliers on the other hand don't care what kind of homes are being built, and are having a much better day on the news: LII +2.3%, WSO +2%, SHW +3.3%, LPX +3.6%). Comment!
Monday, April 15, 11:44 AM Homebuilders are taking a hit today on the back of weaker-than-expected housing data: XHB -2.7%, KBH -4.7%, TOL -4.5%, DHI -4.3%, PHM -4.1%, HOV -3.7%, LEN -3.2%, BZH -3.3%. Comment! [On the Move]
Tuesday, April 9, 8:30 PM Homebuilding stocks have been on a tear now for over a year now, with leaders like KB Home (KBH), PulteGroup (PHM), Lennar (LEN), and Toll Brothers (TOL) all racking up solid gains. With such a big move already underway in the sector, today's $200M IPO announcement by William Lyon Homes (WLH), along with the $602M Taylor Morrison (TMHC) IPO due out later this week, may be viewed by some contrarians as a sign of a top in the market. 18 Comments [U.S. Economy]
Thursday, April 4, 3:13 PM KB Home (KBH) declares $0.025/share quarterly dividend, in line with previous. Forward yield 0.48%. For shareholders of record May 02. Payable May 16. Ex-div date Apr. 30. (PR) Comment! [Dividends]
Thursday, March 21, 2:46 PM KB Home (KBH +1.9%) gains today after its FQ1 easily beat estimates on a 59% jump in total revenue. Net losses narrowed as the home builder recorded strong revenue and margin growth, while prices, deliveries and orders also climbed. CEO Jeffrey Mezger notes that revenue growth was driven by both higher deliveries and increased pricing power, reflecting the company's land repositioning initiatives and a shift in consumer demand to larger homes. Comment! [Earnings, On the Move]
Thursday, March 21, 8:37 AM KB Home (KBH): FQ1 EPS of -$0.16 beats by $0.06. Revenue of $405.2M (+59% Y/Y) beats by $45.4M. Shares +3% premarket. (PR) Comment! [Earnings, Breaking News, On the Move]
Thursday, March 21, 12:05 AM Notable earnings before Thursday’s open: IHS, KBH, LULU, ROST Comment! [Earnings]
Wednesday, March 20, 5:30 PM Notable earnings before Thursday’s open: IHS, KBH, LULU, ROST Comment! [Earnings]
Friday, March 15, 4:38 PM Homebuilder stocks are moving away from trading on the macro news and beginning to trade more on company-specific fundamentals, according to Wells Fargo. While most homebuilder shares have outperformed the S&P 500 over the last twelve months, different patterns are starting to emerge. Performance within the sector is beginning to fragment. Over the last week for example, half of the builders the firm follows outperformed while half underperformed. Similarly over the last month, only 5 of the 12 outperformed. 7 Comments [U.S. Economy]
Wednesday, January 30, 3:36 PM KB Home (KBH +2.2%) gets a boost from an upgrade to Outperform at Credit Suisse today. The firm cites accelerating order growth and improving margins. It also raises its to $24 from $14.50. Comment! [On the Move, Consumer]
Thursday, January 24, 3:36 PM KB Home (KBH) declares $0.025/share quarterly dividend, in line with previous. Forward yield 0.54%. For shareholders of record Feb. 07. Payable Feb. 21. Ex-div date Feb. 05. (PR) Comment! [Dividends]
Thursday, January 24, 12:33 PM KB Homes (KBH -2%) slips today after earlier pricing an offering of 5.5M shares at $18.25, a 2% discount to Wednesday's close. The home builder also said it plans to offer $200M of 1.375% convertible senior notes due 2019. MKM says that although there may be some near term weakness on the news, it still trades at a discount at its peers and is worth buying on the dip. Comment! [On the Move]
Tuesday, January 22, 4:21 PM KB Home (KBH) says preliminary quarter-to-date net orders for FQ1 were 750 through January 18, representing an increase of 54% Y/Y. However, the home builder notes that relative improvement is expected to moderate as the quarter continues. It also announces a $250M secondary offering consisting of $100M in common stock and $150M of convertible senior notes due 2019. Citigroup, Credit Suisse, BAMA and Deutsche Bank will act as joint book-running managers. Shares -3% AH. Comment! [Earnings, On the Move]

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