KB Home (KBH) Announces Quarterly Earnings Results, Beats Estimates By $0.07 EPS
KB Home (NYSE:KBH) announced its earnings results on Tuesday. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.07, American Banking News reports. The company had revenue of $549.00 million for the quarter, compared to the consensus estimate of $569.30 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 29.3% on a year-over-year basis.
A number of research firms have recently commented on KBH. Analysts at Credit Suisse cut their price target on shares of KB Home (NYSE:KBH) from $24.00 to $22.00 in a research note to investors on Tuesday, September 10th. They now have an “outperform” rating on the stock. On the ratings front, analysts at Singular Research initiated coverage on shares of KB Home (NYSE:KBH) in a research note to investors on Thursday, September 5th. They set a “sell” rating and a $10.50 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Zacks reiterated a “neutral” rating on shares of KB Home (NYSE:KBH) in a research note to investors on Friday, August 2nd. They now have a $18.00 price target on the stock.
Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $19.83.
KB Home (NYSE:KBH) opened at 17.03 on Tuesday. KB Home has a 1-year low of $13.09 and a 1-year high of $25.14. The stock has a 50-day moving average of $16.8 and a 200-day moving average of $19.9. The company’s market cap is $1.426 billion. KB Home also was the recipient of some unusual options trading activity on Monday. Stock investors bought 7,474 call options on the stock. This is an increase of approximately 175% compared to the average daily volume of 2,718 call options.
KB Home is a builder of single-family residential homes, townhomes and condominiums. It constructs and sells homes homes through its operating divisions under the name KB Home.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.