KB Home (NYSE:KBH) Posts Earnings Results

KB Home (NYSE:KBH) released its earnings results on Monday. The construction company reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.09), Zacks reports. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.51 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. KB Home’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.76 earnings per share.

KB Home Stock Performance

Shares of NYSE:KBH traded up $2.03 during trading on Monday, hitting $61.78. The company’s stock had a trading volume of 2,225,177 shares, compared to its average volume of 1,218,062. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 7.29, a P/E/G ratio of 0.90 and a beta of 1.89. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83. The company has a 50-day moving average of $64.22 and a 200-day moving average of $73.07. KB Home has a 12 month low of $54.57 and a 12 month high of $89.70.

KB Home Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home’s dividend payout ratio is 11.81%.

Insiders Place Their Bets

In other news, CFO Jeff Kaminski sold 27,500 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,370,708.21. This trade represents a 44.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.89% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on KBH shares. The Goldman Sachs Group lowered their price objective on KB Home from $81.00 to $72.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Seaport Res Ptn raised KB Home from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. UBS Group dropped their price target on shares of KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods reduced their price objective on shares of KB Home from $85.00 to $76.00 and set a “market perform” rating for the company in a research note on Friday, January 17th. Finally, Raymond James reiterated an “outperform” rating and issued a $80.00 target price (down previously from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, KB Home currently has a consensus rating of “Hold” and an average target price of $75.21.

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.