KB Home shares spike after earnings beat. The company posted adjusted earnings-per-share (EPS) of $0.14, on revenues of $675.7 million. Analysts had expected the homebuilder to earn $0.11 in adjusted earnings-per-share and revenues of $637.3 million, according to Bloomberg. KB Home shares rose as much as 6% in after hours trading.
KB Home nails revenue, earnings beat. Los Angeles-based KB Home also edged past analysts’ expectations for 2,588 delivery units during the quarter, with a 5 per cent year-on-year gain to 2,717. The average selling price also ticked 4 per cent higher to $401.800. KB home chief executive and chairman Jeffrey Mezger said: "In the quarter,
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NEW YORK — Shares of KB Home (KBH – Get Report) were higher in after-hours trading on Tuesday as the company reported fiscal 2016 third-quarter earnings that were above Wall Street’s expectations.
Annual Financials for KB Home. Gross Interest Expense 138.65M 171.54M 186.89M 185.47M 171.49M Interest Capitalized 86.41M 140.79M 165.03M 179.57M 170.86M Pretax Income Growth – 2,298.53% -86.19% 17.53% 94.22% Income Tax (1.6m) 1.8m 42.4m 43.7m 109.4m income Tax – Current Domestic (1.6M) 1.8M 3.4m 2.9m 5.8m income Tax – Deferred Domestic – -.
First American Sees 1.7m in Shadow Inventory As for the total amount of homes in the shadow inventory, Amherst Securities places the total at 7m. The Royal Bank of Scotland found 2.7m, and First American CoreLogic counted 1.7m. Home sales in California decreased 10.6% from a year ago to more than 539,000 closed, single-family homes in January.
Could KB Home (KBH) be actually undervalued when we account for its future growth? Simply Wall St December 16, 2016 KB Home ( NYSE:KBH ) is considered a high growth stock but its last closing price of $16.25 made some investors wonder if it can be still rationalized by the high growth potential.
KB Home expects housing revenues between $840 million and $880 million, ASP of around $387,000-$392,000. Meanwhile, SG&A ratio will likely be in the range of 11.7-12%. The company expects first-quarter housing gross profit margin in the range of 16-16.5%.
The slowdown in housing starts didn’t hit KB Home , which beat analyst expectations for its first quarter ending Feb. 28, posting total revenues of $580.1 million, up 29% from $450.7 million in.
Rushmore Loan Management Services to open branch in Puerto Rico Rushmore Loan Management Services LLC, a national residential mortgage servicer, is extending its reach into Puerto Rico with the addition of a new branch in San Juan. According to rushmore ceo. steven Terner Mnuchin was sworn in as the 77th Secretary of the Treasury on February 13, 2017.
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KB Home (NYSE: KBH), one of the largest homebuilders in the United States and France, today announced its financial results for the first quarter of 2004. Highlights include: KB Home Reports First Quarter 2004 Revenues of $1.35 Billion and EPS of $1.75 | KB Home Newsroom