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

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

KB Home Stock Performance

KBH opened at $67.36 on Wednesday. KB Home has a 52 week low of $58.05 and a 52 week high of $89.70. The company has a fifty day moving average price of $73.56 and a two-hundred day moving average price of $77.99. The firm has a market capitalization of $4.94 billion, a PE ratio of 8.64, a P/E/G ratio of 0.57 and a beta of 1.86.

Analyst Ratings Changes

A number of research firms have issued reports on KBH. Wells Fargo & Company lowered their target price on KB Home from $74.00 to $65.00 and set an “underweight” rating on the stock in a report on Monday. Royal Bank of Canada upgraded shares of KB Home from an “underperform” rating to a “sector perform” rating and cut their target price for the company from $70.00 to $67.00 in a research note on Friday, January 10th. UBS Group decreased their price target on shares of KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Barclays reduced their price objective on shares of KB Home from $85.00 to $60.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, JPMorgan Chase & Co. decreased their price target on KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $75.88.

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.