KB Home has been gaining steadily with the recovery in the housing market since 2009.
The industry as a whole is enjoying solid demand from a recovering economy and a limited inventory.
KB Home has been enjoying a steady boost to its business from increased rentals.
The company has put effort on increasing revenues per community and profits per unit, boosting its growth factors.
Negative factors for the quarter include higher interest rates, limiting industry growth.
Higher construction, wage and material costs should dampen margins going forward and effect guidance.
I believe the company will perform well post-earnings release and give a $24.00 PT.
30 to 60 day time frame.
The industry as a whole is enjoying solid demand from a recovering economy and a limited inventory.
KB Home has been enjoying a steady boost to its business from increased rentals.
The company has put effort on increasing revenues per community and profits per unit, boosting its growth factors.
Negative factors for the quarter include higher interest rates, limiting industry growth.
Higher construction, wage and material costs should dampen margins going forward and effect guidance.
I believe the company will perform well post-earnings release and give a $24.00 PT.
30 to 60 day time frame.
Trade closed: target reached:
Target reached on post-earnings move.