KB Home (NYSE:KBH) Issues Quarterly Earnings Results

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

KB Home Trading Down 5.4 %

NYSE:KBH opened at $82.75 on Thursday. The stock has a market capitalization of $6.22 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 0.89 and a beta of 1.81. The firm has a fifty day simple moving average of $82.37 and a two-hundred day simple moving average of $73.43. KB Home has a 12 month low of $42.11 and a 12 month high of $89.70.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Thursday, August 8th. KB Home’s payout ratio is 13.23%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Royal Bank of Canada cut shares of KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price target for the company. in a research report on Thursday, September 5th. The Goldman Sachs Group upped their price target on shares of KB Home from $72.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Wedbush increased their price objective on shares of KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday. Barclays increased their price objective on shares of KB Home from $78.00 to $99.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Bank of America increased their price objective on shares of KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, KB Home presently has a consensus rating of “Hold” and a consensus 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.