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.
WARNING: “KB Home (KBH) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS” was originally published by Macon Daily and is the property of of Macon Daily. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://macondaily.com/2019/01/11/kb-home-kbh-posts-quarterly-earnings-results-beats-estimates-by-0-03-eps.html.
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.
Featured Article: What are different types of coverage ratios?
Receive News & Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related companies with MarketBeat.com's FREE daily email newsletter.