KB Home (NYSE:KBH) Issues Quarterly Earnings Results

KB Home (NYSE:KBHGet Rating) announced its quarterly earnings results on Wednesday. The construction company reported $2.86 earnings per share for the quarter, beating analysts’ consensus estimates of $2.67 by $0.19, Briefing.com reports. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.90 billion. KB Home had a net margin of 11.67% and a return on equity of 24.60%. KB Home’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same period last year, the company posted $1.64 EPS.

KB Home Price Performance

Shares of NYSE KBH opened at $26.60 on Friday. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 3.11, a P/E/G ratio of 0.37 and a beta of 1.64. The stock’s fifty day moving average price is $30.51 and its two-hundred day moving average price is $31.93. KB Home has a one year low of $24.78 and a one year high of $50.20.

KB Home Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 18th. Investors of record on Thursday, August 4th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, August 3rd. This represents a $0.60 annualized dividend and a yield of 2.26%. KB Home’s payout ratio is currently 7.01%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on KBH shares. Bank of America lowered KB Home from a “buy” rating to a “neutral” rating and set a $34.00 price target on the stock. in a report on Thursday, August 25th. Evercore ISI reduced their price target on KB Home from $50.00 to $46.00 and set an “outperform” rating for the company in a research report on Thursday. UBS Group decreased their price target on KB Home from $66.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, June 16th. Wedbush dropped their price objective on KB Home from $60.00 to $44.00 in a research note on Thursday. Finally, Wells Fargo & Company dropped their price target on shares of KB Home from $40.00 to $31.00 and set an “overweight” rating on the stock in a research report on Friday, June 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.00.

Institutional Investors Weigh In On KB Home

A number of institutional investors have recently modified their holdings of the business. Thrivent Financial for Lutherans increased its position in KB Home by 1.6% during the second quarter. Thrivent Financial for Lutherans now owns 22,758 shares of the construction company’s stock worth $648,000 after acquiring an additional 362 shares during the period. Acadian Asset Management LLC increased its holdings in shares of KB Home by 35.5% during the first quarter. Acadian Asset Management LLC now owns 2,169 shares of the construction company’s stock worth $69,000 after purchasing an additional 568 shares during the period. Credit Suisse AG increased its holdings in shares of KB Home by 1.3% during the second quarter. Credit Suisse AG now owns 83,328 shares of the construction company’s stock worth $2,372,000 after purchasing an additional 1,092 shares during the period. Captrust Financial Advisors raised its position in shares of KB Home by 27.4% in the second quarter. Captrust Financial Advisors now owns 5,825 shares of the construction company’s stock valued at $166,000 after buying an additional 1,251 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of KB Home in the first quarter valued at approximately $40,000. Institutional investors own 91.45% of the company’s stock.

KB Home Company Profile

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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.

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Earnings History for KB Home (NYSE:KBH)

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