KB Home (NYSE:KBH) Issues Earnings Results, Beats Estimates By $0.08 EPS

KB Home (NYSE:KBH) issued its earnings results on Monday. The construction company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.08, Briefing.com reports. KB Home had a return on equity of 15.69% and a net margin of 9.31%. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the previous year, the company posted $1.85 earnings per share. The business’s quarterly revenue was up 19.5% compared to the same quarter last year.

KB Home Price Performance

KB Home stock traded up $0.88 during mid-day trading on Monday, hitting $64.07. The company’s stock had a trading volume of 2,667,353 shares, compared to its average volume of 1,298,894. The business has a 50 day moving average price of $74.16 and a 200-day moving average price of $78.05. KB Home has a 12 month low of $58.05 and a 12 month high of $89.70. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 8.21, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86.

Analysts Set New Price Targets

KBH has been the subject of a number of research analyst reports. Wedbush boosted their target price on shares of KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. UBS Group cut their target price on shares of KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company dropped their target price on shares of KB Home from $74.00 to $65.00 and set an “underweight” rating on the stock in a report on Monday. Bank of America increased their price objective on KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of KB Home from $92.50 to $82.00 and set a “neutral” rating for the company in a research note on Friday, December 13th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, KB Home presently has an average rating of “Hold” and a consensus target price of $79.25.

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. 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.