KB Home (NYSE:KBH) Posts Earnings Results, Beats Estimates By $0.19 EPS

KB Home (NYSE:KBHGet Rating) issued its earnings results on Wednesday. The construction company reported $2.86 EPS for the quarter, topping the consensus estimate of $2.67 by $0.19, Briefing.com reports. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.90 billion. KB Home had a net margin of 11.67% and a return on equity of 24.60%. The business’s revenue was up 25.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.64 EPS.

KB Home Price Performance

NYSE KBH opened at $26.60 on Friday. KB Home has a 1 year low of $24.78 and a 1 year high of $50.20. The company has a fifty day moving average of $30.51 and a 200 day moving average of $31.93. The company has a market capitalization of $2.32 billion, a PE ratio of 3.11, a P/E/G ratio of 0.37 and a beta of 1.64.

KB Home Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 18th. Stockholders of record on Thursday, August 4th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, August 3rd. This represents a $0.60 annualized dividend and a dividend yield of 2.26%. KB Home’s payout ratio is currently 7.01%.

Wall Street Analyst Weigh In

KBH has been the subject of several recent research reports. TheStreet downgraded KB Home from a “b-” rating to a “c+” rating in a report on Friday, June 17th. Credit Suisse Group lowered shares of KB Home from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $42.00 to $35.00 in a research note on Monday, July 11th. Bank of America downgraded shares of KB Home from a “buy” rating to a “neutral” rating and set a $34.00 target price for the company. in a research note on Thursday, August 25th. Raymond James decreased their price objective on shares of KB Home from $63.00 to $44.00 and set a “strong-buy” rating for the company in a research report on Wednesday, June 29th. Finally, UBS Group reduced their price objective on KB Home from $66.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, June 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

Institutional Trading of KB Home

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. increased its position in shares of KB Home by 125.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,077,861 shares of the construction company’s stock valued at $67,281,000 after purchasing an additional 1,156,233 shares during the last quarter. Invesco Ltd. increased its holdings in shares of KB Home by 50.7% in the 1st quarter. Invesco Ltd. now owns 428,627 shares of the construction company’s stock valued at $13,879,000 after purchasing an additional 144,154 shares in the last quarter. State Street Corp increased its holdings in KB Home by 5.4% during the 1st quarter. State Street Corp now owns 2,740,695 shares of the construction company’s stock valued at $88,744,000 after acquiring an additional 139,643 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of KB Home by 1.4% during the first quarter. Vanguard Group Inc. now owns 7,970,899 shares of the construction company’s stock worth $258,098,000 after buying an additional 108,191 shares in the last quarter. Finally, Macquarie Group Ltd. grew its holdings in shares of KB Home by 2.2% during the second quarter. Macquarie Group Ltd. now owns 3,980,992 shares of the construction company’s stock worth $113,299,000 after buying an additional 85,582 shares in the last quarter. Hedge funds and other institutional investors own 91.45% of the company’s stock.

About KB Home

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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.

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Earnings History for KB Home (NYSE:KBH)

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