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

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

KB Home Stock Performance

NYSE KBH traded up $1.52 on Thursday, reaching $84.27. The company had a trading volume of 1,093,999 shares, compared to its average volume of 1,263,556. The firm has a market capitalization 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 1-year low of $42.11 and a 1-year high of $89.70. The company’s fifty day moving average is $82.37 and its 200-day moving average is $73.43.

KB Home Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on KBH shares. The Goldman Sachs Group lifted their price target on KB Home from $72.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, September 3rd. Barclays upped their price objective on shares of KB Home from $78.00 to $99.00 and gave the company an “overweight” rating in a research report on Wednesday. Evercore ISI raised their target price on KB Home from $86.00 to $89.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Keefe, Bruyette & Woods lifted their price objective on KB Home from $74.00 to $77.00 and gave the company a “market perform” rating in a report on Thursday, June 20th. 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 on the stock. in a report on Thursday, September 5th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.