KB Home (NYSE:KBH) Releases Quarterly Earnings Results, Beats Expectations By $0.19 EPS

KB Home (NYSE:KBH) posted its quarterly earnings results on Monday. The construction company reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.19, MarketWatch Earnings reports. KB Home had a net margin of 6.89% and a return on equity of 12.68%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the firm posted $1.31 earnings per share. The company’s revenue was down 23.0% on a year-over-year basis.

Shares of KBH stock traded up $1.22 during trading hours on Wednesday, reaching $35.37. 139,024 shares of the company’s stock were exchanged, compared to its average volume of 2,083,865. The stock’s 50 day moving average is $34.60 and its 200-day moving average is $35.10. The company has a market cap of $3.20 billion, a price-to-earnings ratio of 10.84, a P/E/G ratio of 0.46 and a beta of 1.95. KB Home has a fifty-two week low of $9.82 and a fifty-two week high of $42.20.

In other news, CEO Jeffrey T. Mezger sold 117,170 shares of the business’s stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $37.66, for a total transaction of $4,412,622.20. Following the sale, the chief executive officer now directly owns 1,011,016 shares of the company’s stock, valued at $38,074,862.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Matthew W. Mandino sold 9,248 shares of the business’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $40.73, for a total transaction of $376,671.04. Over the last ninety days, insiders have sold 450,680 shares of company stock worth $16,211,727. Insiders own 5.36% of the company’s stock.

Several research firms have recently weighed in on KBH. Wells Fargo & Company lifted their price target on shares of KB Home from $43.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday, September 23rd. Raymond James boosted their price objective on shares of KB Home from $42.00 to $48.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, September 23rd. BidaskClub downgraded shares of KB Home from a “hold” rating to a “sell” rating in a research note on Friday, December 11th. Wedbush raised shares of KB Home from a “neutral” rating to an “outperform” rating and set a $44.00 price objective for the company in a research note on Wednesday. Finally, Seaport Global Securities raised shares of KB Home from a “neutral” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Tuesday, November 10th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. KB Home currently has an average rating of “Hold” and a consensus price target of $40.53.

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 Story: What does a bar chart display?

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.