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

KB Home (NYSE:KBH) posted its 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. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. KB Home had a net margin of 6.89% and a return on equity of 12.68%. The firm’s revenue for the quarter was down 23.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.31 EPS.

Shares of KBH stock traded up $0.87 on Wednesday, hitting $35.02. The stock had a trading volume of 175,449 shares, 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 firm has a market capitalization of $3.17 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 52-week low of $9.82 and a 52-week high of $42.20.

In other news, CEO Jeffrey T. Mezger sold 117,170 shares of the stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $37.66, for a total transaction of $4,412,622.20. Following the completion of the transaction, the chief executive officer now directly owns 1,011,016 shares in the company, valued at approximately $38,074,862.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Matthew W. Mandino sold 9,248 shares of the firm’s stock in a transaction that occurred on Tuesday, October 20th. The stock was 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 valued at $16,211,727. Company insiders own 5.36% of the company’s stock.

KBH has been the subject of a number of analyst reports. BidaskClub downgraded shares of KB Home from a “hold” rating to a “sell” rating in a research note on Friday, December 11th. Barclays boosted their price target on shares of KB Home from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 23rd. Raymond James upped their target price on shares of KB Home from $42.00 to $48.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, September 23rd. Credit Suisse Group increased their price target on shares of KB Home from $48.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Truist upped their price objective on shares of KB Home from $40.00 to $44.00 in a research note on Wednesday, September 23rd. Three 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 assigned a strong buy rating to the company’s stock. KB Home currently has an average rating of “Hold” and an average price target of $40.53.

KB Home Company Profile

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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