KB Home (NYSE:KBH) Announces Quarterly Earnings Results, Beats Estimates By $0.08 EPS

KB Home (NYSE:KBH) posted its earnings results on Monday. The construction company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.08, Briefing.com reports. KB Home had a net margin of 9.31% and a return on equity of 15.69%. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the previous year, the business posted $1.85 EPS. The business’s revenue was up 19.5% compared to the same quarter last year.

KB Home Price Performance

NYSE KBH opened at $64.07 on Tuesday. The company has a 50 day simple moving average of $73.85 and a 200-day simple moving average of $78.01. KB Home has a 52-week low of $58.05 and a 52-week high of $89.70. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 8.21, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86.

Analyst Ratings Changes

KBH has been the topic of a number of research analyst reports. Barclays downgraded shares of KB Home from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $99.00 to $85.00 in a research note on Wednesday, December 11th. UBS Group cut their target price on KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company decreased their target price on shares of KB Home from $74.00 to $65.00 and set an “underweight” rating for the company in a research note on Monday. Wedbush lifted their target price on shares of KB Home from $67.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. cut their price target on shares of KB Home from $92.50 to $82.00 and set a “neutral” rating for the company in a report on Friday, December 13th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $79.25.

KB Home Company Profile

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.