KB Home Likely To Report Lower Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

KB Home KBH will release earnings results for its second quarter, after the closing bell on Tuesday.

Analysts expect the Los Angeles, California-based company to report a quarterly earnings at $1.80 per share, down from $1.94 per share in the year-ago period. KB Home is projected to post quarterly revenue of $1.65 billion, according to data from Benzinga Pro.

On April 18, KB Home's board of directors authorized the repurchase of up to $1 billion of the company’s outstanding common stock. The board also approved an increase in the quarterly cash dividend on the stock to 25 cents per share from 20 cents per share.

KB Home shares fell 1.5% to close at $68.40 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Keefe, Bruyette & Woods analyst Jade Rahmani maintained a Market Perform rating and raised the price target from $67 to $77 on March 28. This analyst has an accuracy rate of 74%.
• JP Morgan analyst Michael Rehaut maintained a Neutral rating and boosted the price target from $68.5 to $70.5 on March 27. This analyst has an accuracy rate of 73%.
• Barclays analyst Matthew Bouley maintained an Overweight rating and increased the price target from $75 to $77 on March 22. This analyst has an accuracy rate of 79%.
• UBS analyst John Lovallao maintained a Buy rating and boosted the price target from $82 to $87 on March 21. This analyst has an accuracy rate of 75%.
• Evercore ISI Group analyst Stephen Kim maintained an Outperform rating and cut the price target from $82 to $78 on March 21. This analyst has an accuracy rate of 79%.

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