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


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KB Home (NYSE:KBH) released its earnings results on Monday. The construction company reported $1.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.19, MarketWatch Earnings reports. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.15 billion. KB Home had a return on equity of 12.68% and a net margin of 6.89%. The business’s revenue for the quarter was down 23.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.31 EPS.

Shares of NYSE KBH traded up $0.81 during midday trading on Wednesday, hitting $34.96. 184,787 shares of the company’s stock were exchanged, compared to its average volume of 2,083,865. The business’s fifty day moving average price is $34.60 and its two-hundred day moving average price is $35.10. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 0.46 and a beta of 1.95. KB Home has a 12-month low of $9.82 and a 12-month high of $42.20.

In related news, COO Matthew W. Mandino sold 9,248 shares of the business’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 value of $376,671.04. Also, CEO Jeffrey T. Mezger sold 173,605 shares of the business’s stock in a transaction that occurred on Monday, November 16th. The shares were sold at an average price of $33.91, for a total value of $5,886,945.55. Following the completion of the sale, the chief executive officer now owns 1,161,095 shares of the company’s stock, valued at approximately $39,372,731.45. The disclosure for this sale can be found here. Insiders sold a total of 450,680 shares of company stock valued at $16,211,727 in the last 90 days. 5.36% of the stock is currently owned by corporate insiders.

KBH has been the topic of a number of recent analyst reports. Credit Suisse Group lifted their target price on KB Home from $48.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday. Zelman & Associates cut KB Home from a “buy” rating to a “hold” rating in a research note on Monday, October 26th. Barclays lifted their price objective on KB Home from $42.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, September 23rd. ValuEngine raised KB Home from a “strong sell” rating to a “sell” rating in a report on Saturday. Finally, Truist lifted their price objective on KB Home from $40.00 to $44.00 in a report on Wednesday, September 23rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. KB Home presently has a consensus rating of “Hold” and a consensus 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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Earnings History for KB Home (NYSE:KBH)

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