KB Home (NYSE:KBH) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

KB Home (NYSE:KBH) issued its quarterly earnings results on Tuesday. The construction company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.02), Briefing.com reports. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.73 billion. KB Home had a return on equity of 15.66% and a net margin of 9.43%. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.80 EPS.

KB Home Trading Up 1.8 %

Shares of NYSE KBH traded up $1.52 during midday trading on Thursday, reaching $84.27. The company’s stock had a trading volume of 1,093,999 shares, compared to its average volume of 1,263,556. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 11.16, a price-to-earnings-growth ratio of 0.89 and a beta of 1.81. KB Home has a one year low of $42.11 and a one year high of $89.70. The company has a 50 day moving average price of $82.37 and a 200 day moving average price of $73.43.

KB Home Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.19%. The ex-dividend date was Thursday, August 8th. KB Home’s dividend payout ratio (DPR) is presently 13.23%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on KBH shares. The Goldman Sachs Group raised their price objective on KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Wells Fargo & Company upped their price objective on shares of KB Home from $70.00 to $80.00 and gave the company an “equal weight” rating in a research report on Monday, September 9th. Wedbush raised their price target on shares of KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday. Bank of America lifted their price target on KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. Finally, Royal Bank of Canada lowered shares of KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 target price for the company. in a research note on Thursday, September 5th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $77.27.

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. 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.