KB Home (NYSE:KBH) Announces Earnings Results, Beats Estimates By $0.08 EPS

KB Home (NYSE:KBH) announced its quarterly earnings results on Monday. The construction company reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.08, Briefing.com reports. KB Home had a return on equity of 15.69% and a net margin of 9.31%. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the previous year, the business earned $1.85 earnings per share. The business’s revenue was up 19.5% compared to the same quarter last year.

KB Home Price Performance

Shares of NYSE KBH traded up $0.88 during midday trading on Monday, reaching $64.07. The company’s stock had a trading volume of 2,531,616 shares, compared to its average volume of 1,256,301. The stock has a market capitalization of $4.70 billion, a P/E ratio of 8.21, a PEG ratio of 0.57 and a beta of 1.86. The firm has a 50 day moving average price of $74.16 and a 200-day moving average price of $78.05. KB Home has a 12-month low of $58.05 and a 12-month high of $89.70.

Analyst Ratings Changes

Several equities analysts have recently commented on KBH shares. Wedbush upped their target price on KB Home from $67.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Wells Fargo & Company decreased their price objective on KB Home from $74.00 to $65.00 and set an “underweight” rating on the stock in a report on Monday. Bank of America lifted their target price on KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. JPMorgan Chase & Co. cut their price objective on shares of KB Home from $92.50 to $82.00 and set a “neutral” rating for the company in a report on Friday, December 13th. Finally, Barclays downgraded KB Home from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $99.00 to $85.00 in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $79.25.

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.