KB Home (NYSE:KBH) posted its earnings results on Thursday. The construction company reported $1.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.02, RTT News reports. KB Home had a net margin of 5.58% and a return on equity of 11.18%. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the prior year, the firm posted $0.96 EPS. KB Home’s revenue was up 15.6% on a year-over-year basis.
Shares of NYSE:KBH traded up $0.06 during trading on Thursday, reaching $37.06. The company had a trading volume of 3,621,433 shares, compared to its average volume of 2,230,816. The company has a fifty day moving average of $34.51 and a two-hundred day moving average of $31.16. The company has a current ratio of 4.82, a quick ratio of 0.52 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $3.21 billion, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 1.12 and a beta of 1.24. KB Home has a 12 month low of $19.25 and a 12 month high of $37.59.
In related news, CEO Jeffrey T. Mezger sold 200,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $36.24, for a total value of $7,248,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,061,326 shares in the company, valued at $38,462,454.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey T. Mezger sold 3,100 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $36.00, for a total transaction of $111,600.00. Following the completion of the transaction, the chief executive officer now owns 1,061,326 shares of the company’s stock, valued at $38,207,736. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 284,743 shares of company stock worth $10,311,459. Corporate insiders own 7.32% of the company’s stock.
KBH has been the subject of several analyst reports. JMP Securities raised their price target on shares of KB Home from $35.00 to $38.00 and gave the company a “market outperform” rating in a report on Thursday, September 26th. Buckingham Research boosted their price target on shares of KB Home from $33.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. ValuEngine cut shares of KB Home from a “sell” rating to a “strong sell” rating in a report on Friday, January 3rd. Barclays increased their price objective on KB Home from $34.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, September 26th. Finally, Zacks Investment Research raised KB Home from a “sell” rating to a “hold” rating and set a $38.00 price objective for the company in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. KB Home currently has a consensus rating of “Hold” and a consensus target price of $33.79.
KB Home Company Profile
KB Home operates as a homebuilding company in the United States. It operates in four segments: West Coast, Southwest, Central, and Southeast. The company 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.
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