KB Home (NYSE:KBH) Issues Quarterly Earnings Results, Misses Estimates By $0.07 EPS

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

KB Home Trading Up 3.4 %

KBH opened at $61.78 on Tuesday. The business has a fifty day moving average price of $64.17 and a 200 day moving average price of $72.95. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83. KB Home has a 12 month low of $58.80 and a 12 month high of $89.70. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 7.29, a PEG ratio of 0.90 and a beta of 1.89.

KB Home Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.62%. KB Home’s dividend payout ratio (DPR) is presently 11.81%.

Insider Buying and Selling at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.89% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

KBH has been the topic of several research analyst reports. Bank of America reduced their price objective on shares of KB Home from $76.00 to $71.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Royal Bank of Canada raised shares of KB Home from an “underperform” rating to a “sector perform” rating and reduced their price target for the company from $70.00 to $67.00 in a research note on Friday, January 10th. Seaport Res Ptn raised shares of KB Home from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Raymond James reiterated an “outperform” rating and issued a $80.00 target price (down previously from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Finally, Evercore ISI upped their price target on KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $75.21.

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.