KB Home (NYSE:KBH) posted its earnings results on Monday. The construction company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.19, MarketWatch Earnings reports. KB Home had a return on equity of 12.68% and a net margin of 6.89%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the firm earned $1.31 earnings per share. The company’s revenue was down 23.0% on a year-over-year basis.
KBH stock traded up $0.87 during mid-day trading on Wednesday, reaching $35.02. The company had a trading volume of 175,449 shares, compared to its average volume of 2,083,865. KB Home has a 52 week low of $9.82 and a 52 week high of $42.20. The stock has a 50 day simple moving average of $34.60 and a two-hundred day simple moving average of $35.10. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 0.46 and a beta of 1.95.
A number of research analysts have issued reports on KBH shares. Wedbush raised KB Home from a “neutral” rating to an “outperform” rating and set a $44.00 target price for the company in a research note on Wednesday. JPMorgan Chase & Co. upgraded KB Home from an “underweight” rating to a “neutral” rating and set a $44.00 price target on the stock in a report on Tuesday, November 17th. Credit Suisse Group upped their price objective on KB Home from $48.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday. ValuEngine upgraded KB Home from a “strong sell” rating to a “sell” rating in a report on Saturday. Finally, UBS Group began coverage on KB Home in a report on Tuesday, December 8th. They set a “neutral” rating and a $37.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $40.53.
In other news, COO Matthew W. Mandino sold 9,248 shares of KB Home stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $40.73, for a total transaction of $376,671.04. Also, CEO Jeffrey T. Mezger sold 173,605 shares of KB Home stock in a transaction that occurred on Monday, November 16th. The stock was sold at an average price of $33.91, for a total value of $5,886,945.55. Following the transaction, the chief executive officer now owns 1,161,095 shares of the company’s stock, valued at $39,372,731.45. The disclosure for this sale can be found here. Insiders have sold a total of 450,680 shares of company stock valued at $16,211,727 over the last quarter. 5.36% of the stock is currently owned by corporate 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. The company 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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