KB Home (NYSE:KBH) announced its quarterly earnings data on Thursday. The construction company reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.11, Bloomberg Earnings reports. The firm had revenue of $871.60 million during the quarter, compared to analyst estimates of $878.77 million. KB Home had a return on equity of 9.93% and a net margin of 4.13%. KB Home’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 earnings per share.

Shares of KB Home stock traded down $0.90 during mid-day trading on Thursday, reaching $28.84. The company’s stock had a trading volume of 2,992,115 shares, compared to its average volume of 2,604,693. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.22 and a current ratio of 5.36. KB Home has a 12 month low of $18.83 and a 12 month high of $38.80. The firm has a market capitalization of $2,529.11, a P/E ratio of 15.76, a P/E/G ratio of 0.74 and a beta of 1.54.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th were paid a $0.025 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $0.10 dividend on an annualized basis and a yield of 0.35%. KB Home’s payout ratio is currently 5.46%.

In other KB Home news, CFO Jeff Kaminski sold 125,000 shares of KB Home stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $32.53, for a total value of $4,066,250.00. Following the completion of the transaction, the chief financial officer now directly owns 237,775 shares in the company, valued at $7,734,820.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Thomas F. Norton sold 47,179 shares of KB Home stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $30.32, for a total value of $1,430,467.28. Following the completion of the transaction, the senior vice president now owns 103,562 shares of the company’s stock, valued at $3,139,999.84. The disclosure for this sale can be found here. Insiders own 8.60% of the company’s stock.

Several analysts recently weighed in on the company. Zacks Investment Research lowered KB Home from a “buy” rating to a “hold” rating in a report on Monday, December 4th. Credit Suisse Group reissued a “neutral” rating and issued a $31.00 price objective (up from $25.00) on shares of KB Home in a report on Thursday, January 11th. ValuEngine raised KB Home from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Wedbush boosted their price objective on KB Home from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, December 29th. Finally, Mizuho set a $35.00 price objective on KB Home and gave the company a “hold” rating in a report on Thursday, January 18th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $29.13.

ILLEGAL ACTIVITY NOTICE: “KB Home (KBH) Releases Earnings Results, Beats Expectations By $0.11 EPS” was published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright laws. The original version of this piece of content can be viewed at https://www.watchlistnews.com/kb-home-kbh-releases-earnings-results-beats-expectations-by-0-11-eps/1958209.html.

KB Home Company Profile

KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.

Earnings History for KB Home (NYSE:KBH)

Receive News & Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related companies with MarketBeat.com's FREE daily email newsletter.