Of 17 analysts covering KB Home stock, 10 have Buy or Strong Buy rating and six more rate the shares at Hold. At a share price of around $29.30, the implied upside based on a median price target of $35.50 is 21.2%. At the high price target of $60.00, the upside potential is about 105%.
For the company’s third quarter of fiscal 2022, analysts are expecting sales of $1.9 billion, up 10.4% sequentially and by 29.3% year over year. EPS are forecast to rise by 15.2% sequentially to $2.67 and by nearly 67% year over year. The consensus estimate for the fiscal year ending in November calls for EPS of $10.13, up 66.6%, on sales of $7.33 billion, up 28.1%.
KB Home stock trades at 2.9 times expected 2022 EPS, 3.1 times estimated 2023 EPS of $9.48 and 3.2 times estimated 2024 EPS of $9.08. The stock’s 52-week range is $24.78 to $50.20. KB Home pays an annual dividend of $0.60 (yield of 2.11%). Total shareholder return for the past 12 months is negative 30%.
Lennar
Homebuilder Lennar Corp. (NYSE: LEN) has seen its share price decline by about 22.5% over the past 12 months. Since posting a 52-week high in mid-December, the share price has dropped by a third. KeyBanc on Monday upgraded its Sector Weight rating on the stock to Overweight and set a price target of $89 (about 13% above Monday’s closing price). In the first six months of 2022, Lennar replaced KB Home as the top volume builder in Las Vegas. Lennar closed 2021 as the second-largest, behind KB. The company reports quarterly results after Wednesday’s closing bell.
Of 21 analysts covering the stock, 13 have a Buy or Strong Buy rating and seven more rate the shares at Hold. At a share price of around $78.50, the upside potential to a median price target of $89.00 is 13.4%. At a high target of $133.00, the upside potential is 69.4%.
For its third quarter of fiscal 2022, Lennar is expected to report revenue of $9.09 billion, up 8.8% sequentially and 31.0% higher year over year. Adjusted EPS are pegged at $4.87, up 3.9% sequentially and almost 50% higher year over year. For the full fiscal year ending in November, EPS are forecast at $17.38, up 33.7%, on sales of $33.79 billion, up 24.5%.
Lennar stock trades at 4.4 times expected 2022 EPS, 5.1 times estimated 2023 earnings of $14.89 and 8.0 times estimated 2024 earnings of $15.14 per share. The stock’s 52-week range is $63.54 to $117.54, an all-time high posted in December. Lennar pays an annual dividend of $1.50 (yield of 1.91%). Total shareholder return for the past year is negative 21.3%.
Trip.com
Travel services giant Trip.com Group Ltd. (NASDAQ: TCOM) has posted a 12-month share price decline of about 10.7%. The stock touched a nine-year low of around $14.30 a share in mid-March, following government-imposed lockdowns in some of China’s major cities. Since that bottom, the stock has bounced up by more than 53%. In August, the company reported a surge of nearly 250% in U.S. travelers using its services for travel to Europe. The Chinese firm reports quarterly results after markets close Wednesday.
Of 11 brokerages covering the stock, eight have Buy or Strong Buy ratings on the shares. The rest have put Hold ratings. At a share price of around $25.70, the upside potential based on a median price target of $30.42 is 18.4%. At the high target of $35.80, the upside potential rises to 39.3%.
Analysts expect Trip.com com to report second-quarter revenue of $511.02 million, down by 21.1% sequentially and by 44.0% year over year. The consensus forecast also calls for an EPS of $0.02, compared to a loss per share of $0.01 in the prior quarter and year-ago EPS of $0.18 per share. For the 2022 fiscal year, analysts are looking for EPS of $0.27, down nearly 18%, on sales of $2.64 billion, down 13.2% year over year.
Trip.com stock trades at 93.8 times expected 2022 EPS, 22.3 times estimated 2023 earnings of $1.15 and 16.7 times estimated 2024 earnings of $1.55 per share. The stock’s 52-week range is $14.29 to $333.27, and Trip.com does not pay a dividend. Total shareholder return for the past year was negative 10.7%.
Originally posted at 24/7 Wall St.
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