KB Home (NYSE:KBH) Announces Earnings Results, Beats Estimates By $0.14 EPS

KB Home (NYSE:KBH) posted its quarterly earnings data on Wednesday. The construction company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.14, MarketWatch Earnings reports. KB Home had a net margin of 9.86% and a return on equity of 20.13%. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the firm earned $1.12 earnings per share. The business’s quarterly revenue was up 40.3% on a year-over-year basis.

Shares of NYSE KBH traded down $0.34 during mid-day trading on Friday, reaching $49.04. The company had a trading volume of 4,624,571 shares, compared to its average volume of 3,910,793. The stock has a fifty day moving average of $43.04 and a two-hundred day moving average of $41.86. The company has a market capitalization of $4.29 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 0.15 and a beta of 1.76. KB Home has a 12-month low of $34.92 and a 12-month high of $52.48.

Several research analysts have commented on the stock. Zelman & Associates upgraded shares of KB Home from a “hold” rating to a “buy” rating in a report on Monday, December 13th. Royal Bank of Canada raised their target price on shares of KB Home from $46.00 to $55.00 in a report on Thursday. JPMorgan Chase & Co. decreased their target price on shares of KB Home from $59.00 to $53.00 and set a “neutral” rating for the company in a report on Thursday, October 14th. Barclays raised their target price on shares of KB Home from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Wednesday, December 15th. Finally, Bank of America assumed coverage on shares of KB Home in a report on Monday, November 8th. They issued a “neutral” rating for the company. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $54.73.

In related news, CEO Jeffrey T. Mezger sold 166,861 shares of the firm’s stock in a transaction that occurred on Tuesday, November 9th. The shares were sold at an average price of $42.66, for a total transaction of $7,118,290.26. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Melissa Lora sold 24,393 shares of the firm’s stock in a transaction that occurred on Wednesday, October 20th. The shares were sold at an average price of $40.83, for a total transaction of $995,966.19. The disclosure for this sale can be found here. Insiders sold 352,032 shares of company stock valued at $14,837,469 over the last three months. 4.40% of the stock is owned by insiders.

An institutional investor recently raised its position in KB Home stock. Morgan Stanley boosted its holdings in shares of KB Home (NYSE:KBH) by 254.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 548,339 shares of the construction company’s stock after acquiring an additional 393,836 shares during the quarter. Morgan Stanley owned approximately 0.60% of KB Home worth $22,328,000 at the end of the most recent reporting period. 88.54% of the stock is currently owned by institutional investors and hedge funds.

About KB Home

KB Home engages in selling and building a variety of new homes. It builds various types of homes, including attached and detached single-family homes, townhomes, and condominiums. The firm operates through the following segments: West Coast, Southwest, Central, and Southeast. It offer homes in development communities, at urban in-fill locations and as part of mixed-use projects.

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Earnings History for KB Home (NYSE:KBH)

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