KB Home (NYSE:KBH) Issues Quarterly Earnings Results

KB Home (NYSE:KBH) announced its earnings results on Tuesday. The construction company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.02), Briefing.com reports. KB Home had a return on equity of 15.66% and a net margin of 9.43%. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the previous year, the company posted $1.80 earnings per share. KB Home’s revenue for the quarter was up 10.3% on a year-over-year basis.

KB Home Stock Up 0.9 %

Shares of NYSE KBH opened at $83.50 on Thursday. KB Home has a twelve month low of $42.11 and a twelve month high of $89.70. The stock has a market cap of $6.28 billion, a price-to-earnings ratio of 10.95, a P/E/G ratio of 0.89 and a beta of 1.81. The company’s fifty day moving average is $82.37 and its 200-day moving average is $73.43.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.20%. The ex-dividend date was Thursday, August 8th. KB Home’s payout ratio is presently 13.23%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KBH. Royal Bank of Canada cut shares of KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price objective for the company. in a research report on Thursday, September 5th. The Goldman Sachs Group boosted their target price on KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Evercore ISI upped their price target on KB Home from $86.00 to $89.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Barclays lifted their price objective on KB Home from $78.00 to $99.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Wells Fargo & Company upped their target price on shares of KB Home from $70.00 to $80.00 and gave the company an “equal weight” rating in a research report on Monday, September 9th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, KB Home currently has a consensus rating of “Hold” and an average price target of $77.27.

About KB Home

KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.