KB Home (NYSE:KBH) Posts Earnings Results

KB Home (NYSE:KBH - Get Free Report) posted its quarterly earnings data on Monday. The construction company reported $1.49 EPS for the quarter, missing analysts' consensus estimates of $1.56 by ($0.07), Zacks reports. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The business had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter last year, the firm earned $1.76 earnings per share. The firm's quarterly revenue was down 5.2% compared to the same quarter last year.

KB Home Trading Down 2.4 %

Shares of KBH stock traded down $1.42 on Friday, hitting $57.79. 782,765 shares of the stock traded hands, compared to its average volume of 1,272,247. KB Home has a twelve month low of $56.41 and a twelve month high of $89.70. The stock has a market capitalization of $4.13 billion, a PE ratio of 6.82, a PEG ratio of 0.90 and a beta of 1.89. The firm's 50-day moving average price is $63.63 and its two-hundred day moving average price is $72.62. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.73%. KB Home's dividend payout ratio is presently 12.20%.

Analyst Upgrades and Downgrades

KBH has been the topic of several research analyst reports. Wedbush reiterated a "neutral" rating and issued a $75.00 target price on shares of KB Home in a research report on Tuesday. Seaport Res Ptn upgraded KB Home from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Wells Fargo & Company reduced their target price on KB Home from $63.00 to $57.00 and set an "underweight" rating for the company in a report on Tuesday. JPMorgan Chase & Co. decreased their target price on KB Home from $82.00 to $74.50 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. Finally, Bank of America dropped their price target on KB Home from $67.00 to $62.00 and set a "neutral" rating for the company in a research report on Tuesday. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $71.21.

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Insiders Place Their Bets

In related news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total value of $1,891,175.00. Following the completion of the transaction, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,370,708.21. This represents a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.89% of the stock is owned by insiders.

About KB Home

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.