KB Home (NYSE:KBH) Posts 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 business 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 earned $1.80 EPS. The business’s revenue for the quarter was up 10.3% on a year-over-year basis.

KB Home Stock Up 1.1 %

NYSE:KBH traded up $0.88 during trading hours on Thursday, reaching $83.63. The company had a trading volume of 54,020 shares, compared to its average volume of 1,257,965. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of 10.95, a P/E/G ratio of 0.89 and a beta of 1.81. The business’s 50-day simple moving average is $82.37 and its two-hundred day simple moving average is $73.43. KB Home has a twelve month low of $42.11 and a twelve month high of $89.70.

KB Home Announces Dividend

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 1.20%. The ex-dividend date of this dividend was Thursday, August 8th. KB Home’s payout ratio is 13.23%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KBH. Royal Bank of Canada lowered shares of KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price target on the stock. in a research report on Thursday, September 5th. Wedbush increased their price objective on shares of KB Home from $67.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday. Evercore ISI increased their price objective on shares of KB Home from $86.00 to $89.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Keefe, Bruyette & Woods increased their price objective on shares of KB Home from $74.00 to $77.00 and gave the company a “market perform” rating in a research note on Thursday, June 20th. Finally, The Goldman Sachs Group raised their price target on shares of KB Home from $72.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average 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.