KB Home (NYSE:KBH) Posts Earnings Results, Beats Estimates By $0.12 EPS

KB Home (NYSE:KBH) released its quarterly earnings data on Wednesday, June 26th. The construction company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.12, RTT News reports. KB Home had a net margin of 5.94% and a return on equity of 12.43%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $933.49 million. During the same period last year, the firm earned $0.57 earnings per share. The company’s quarterly revenue was down 7.4% on a year-over-year basis.

Shares of KB Home stock traded down $0.15 during trading on Friday, hitting $26.64. 1,418,900 shares of the company’s stock were exchanged, compared to its average volume of 1,737,033. The firm’s 50-day simple moving average is $25.86. KB Home has a 52-week low of $16.82 and a 52-week high of $27.64. The company has a market cap of $2.36 billion, a PE ratio of 9.45, a price-to-earnings-growth ratio of 1.13 and a beta of 1.42.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Wednesday, July 31st. This is a boost from KB Home’s previous quarterly dividend of $0.03. KB Home’s dividend payout ratio (DPR) is 3.55%.

In related news, CAO William R. Hollinger sold 68,147 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $26.16, for a total transaction of $1,782,725.52. Following the sale, the chief accounting officer now owns 228,174 shares in the company, valued at $5,969,031.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Brian J. Woram sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $27.02, for a total transaction of $270,200.00. Following the sale, the executive vice president now owns 151,770 shares in the company, valued at approximately $4,100,825.40. The disclosure for this sale can be found here. Company insiders own 7.32% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. Evercore ISI upgraded shares of KB Home from an “in-line” rating to an “outperform” rating and set a $26.74 price objective on the stock in a research note on Wednesday. Zacks Investment Research upgraded shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Monday, July 8th. Wedbush reissued a “neutral” rating and set a $22.00 target price (down previously from $25.00) on shares of KB Home in a research report on Thursday, June 27th. Bank of America set a $420.00 target price on shares of Boeing and gave the company a “hold” rating in a research report on Thursday, June 27th. Finally, BTIG Research cut shares of EVO Payments from a “buy” rating to a “neutral” rating in a research report on Monday, July 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. KB Home presently has a consensus rating of “Hold” and a consensus price target of $26.30.

About KB Home

KB Home operates as a homebuilding company in the United States. It operates in 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, and active adult homebuyers.

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Earnings History for KB Home (NYSE:KBH)

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