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.
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.
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