KB Home (KBH) Releases Earnings Results, Beats Expectations By $0.11 EPS
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%.
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.
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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.
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