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Let’s take a close look at the quarterly results of the dividend-paying company that reported before the market opened for trade this Friday June 19.
KB Home is a Los Angeles, California-based homebuilding company that specializes in building homes for first-time buyers. In its sixty-year history, the company has built over 550,000 homes and has been named “Most Admired Homebuilder” by Fortune Magazine on multiple occasions.
KB Home announced its Q2 result this morning. The company reported a Q2 EPS of $0.10 which exceeded the consensus estimate of $0.08 by 2 cents. The company had previously reported a net income of $918.35 million for the last financial year which comes to an FY 2014 EPS of $9.25.
The company also beat revenue expectations; Q2 revenue was reported at $623 million versus the analyst figure of $619.05 million. FY 2014 revenue for the company stood at $2.4 billion.
KB Home did not post any fresh guidance with its Q2 results.
The company has an annual dividend payout of $0.10 per share ($0.025 paid quarterly). The last dividend payout date was 05/21/2015. KB Home has not declared its next dividend payment date.