KB Home (KBH) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

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KB Home (NYSE:KBH) announced its quarterly earnings results on Wednesday. The construction company reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.03, RTT News reports. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.33 billion. KB Home had a return on equity of 14.61% and a net margin of 3.75%. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 earnings per share.

Shares of KBH stock opened at $21.00 on Friday. KB Home has a 12-month low of $16.82 and a 12-month high of $38.80. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 7.45, a PEG ratio of 0.47 and a beta of 1.46.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its stake in KB Home by 0.8% during the third quarter. BlackRock Inc. now owns 10,413,684 shares of the construction company’s stock worth $248,990,000 after purchasing an additional 79,827 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of KB Home by 2.5% in the third quarter. Vanguard Group Inc. now owns 8,050,306 shares of the construction company’s stock worth $192,483,000 after buying an additional 198,509 shares during the period. Vanguard Group Inc increased its holdings in shares of KB Home by 2.5% in the third quarter. Vanguard Group Inc now owns 8,050,306 shares of the construction company’s stock worth $192,483,000 after buying an additional 198,509 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of KB Home by 2.3% in the third quarter. Dimensional Fund Advisors LP now owns 2,847,786 shares of the construction company’s stock worth $68,090,000 after buying an additional 63,964 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of KB Home by 5.7% in the second quarter. Northern Trust Corp now owns 2,047,845 shares of the construction company’s stock worth $55,784,000 after buying an additional 109,984 shares during the period. 86.39% of the stock is owned by hedge funds and other institutional investors.

KBH has been the subject of several recent research reports. Wells Fargo & Co reduced their price target on KB Home from $35.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, November 15th. Bank of America lifted their price target on KB Home from $37.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, September 26th. MKM Partners set a $32.00 price objective on KB Home and gave the company a “hold” rating in a research note on Wednesday, September 26th. Credit Suisse Group lowered KB Home from a “neutral” rating to an “underperform” rating and set a $18.00 price objective for the company. in a research note on Wednesday, October 17th. Finally, Raymond James raised KB Home from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a research note on Thursday, September 27th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. KB Home has a consensus rating of “Hold” and an average price target of $26.78.

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KB Home Company Profile

KB Home operates as a homebuilding company in the United States. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers. The company also provides property and casualty insurance, as well as earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, including residential mortgage loan originations to its homebuyers.

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Earnings History for KB Home (NYSE:KBH)

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