KB Home (NYSE:KBH) Posts Earnings Results

KB Home (NYSE:KBH) announced its earnings results on Monday. The construction company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.19, MarketWatch Earnings reports. KB Home had a return on equity of 12.68% and a net margin of 6.89%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the firm earned $1.31 earnings per share. The business’s revenue was down 23.0% compared to the same quarter last year.

Shares of KBH stock traded up $0.81 during trading on Wednesday, reaching $34.96. The company’s stock had a trading volume of 184,787 shares, compared to its average volume of 2,083,865. The business has a fifty day moving average price of $34.60 and a 200-day moving average price of $35.10. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 0.46 and a beta of 1.95. KB Home has a one year low of $9.82 and a one year high of $42.20.

A number of equities research analysts have recently issued reports on the company. Truist upped their price target on KB Home from $40.00 to $44.00 in a research report on Wednesday, September 23rd. ValuEngine upgraded KB Home from a “strong sell” rating to a “sell” rating in a research report on Saturday. Seaport Global Securities upgraded KB Home from a “neutral” rating to a “buy” rating and set a $39.00 price target for the company in a research report on Tuesday, November 10th. Raymond James upped their price target on KB Home from $42.00 to $48.00 and gave the company a “strong-buy” rating in a research report on Wednesday, September 23rd. Finally, Barclays upped their price target on KB Home from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, September 23rd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $40.53.

In other KB Home news, CEO Jeffrey T. Mezger sold 3,600 shares of the company’s stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $35.68, for a total transaction of $128,448.00. Following the sale, the chief executive officer now directly owns 991,090 shares of the company’s stock, valued at $35,362,091.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey T. Mezger sold 173,605 shares of the company’s stock in a transaction on Monday, November 16th. The stock was sold at an average price of $33.91, for a total transaction of $5,886,945.55. Following the sale, the chief executive officer now directly owns 1,161,095 shares in the company, valued at $39,372,731.45. The disclosure for this sale can be found here. In the last three months, insiders sold 450,680 shares of company stock worth $16,211,727. 5.36% of the stock is currently owned by insiders.

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. The company 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.

Featured Article: Is it better to buy a fund with a higher or lower NAV?

Earnings History for KB Home (NYSE:KBH)

Receive News & Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related companies with MarketBeat.com's FREE daily email newsletter.