KB Home (NYSE:KBH) Releases Earnings Results, Beats Estimates By $0.35 EPS

KB Home (NYSE:KBH – Get Rating) announced its earnings results on Wednesday. The construction company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.35, RTT News reports. KB Home had a return on equity of 20.40% and a net margin of 10.06%. During the same quarter in the previous year, the firm posted $1.50 EPS.

Shares of KB Home stock opened at $26.23 on Thursday. KB Home has a 12-month low of $24.78 and a 12-month high of $50.20. The stock has a market cap of $2.32 billion, a PE ratio of 4.05, a price-to-earnings-growth ratio of 1.30 and a beta of 1.59. The company has a 50-day moving average of $32.27 and a two-hundred day moving average of $37.10.

The company also recently declared a quarterly dividend, which was paid on Thursday, May 19th. Investors of record on Thursday, May 5th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, May 4th. This represents a $0.60 annualized dividend and a yield of 2.29%. KB Home’s dividend payout ratio is currently 9.26%.

Several equities research analysts recently issued reports on the company. Wolfe Research cut KB Home from a “market perform” rating to an “underperform” rating and set a $28.00 price objective on the stock. in a report on Friday, May 13th. KeyCorp lowered their price objective on KB Home from $38.00 to $30.00 and set an “underweight” rating on the stock in a report on Tuesday, March 15th. StockNews.com began coverage on KB Home in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Wells Fargo & Company lowered their target price on KB Home from $40.00 to $31.00 and set an “overweight” rating on the stock in a report on Friday, June 17th. Finally, JPMorgan Chase & Co. lowered their target price on KB Home from $49.00 to $39.00 and set an “overweight” rating on the stock in a report on Wednesday, April 13th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, KB Home has a consensus rating of “Moderate Buy” and a consensus price target of $45.23.

Several hedge funds have recently added to or reduced their stakes in KBH. Point72 Hong Kong Ltd acquired a new position in shares of KB Home in the 1st quarter valued at $248,000. Quinn Opportunity Partners LLC purchased a new position in shares of KB Home in the 1st quarter valued at $1,417,000. Eqis Capital Management Inc. purchased a new position in shares of KB Home in the 1st quarter valued at $201,000. Guggenheim Capital LLC raised its stake in shares of KB Home by 42.3% in the 1st quarter. Guggenheim Capital LLC now owns 16,875 shares of the construction company’s stock valued at $546,000 after acquiring an additional 5,013 shares during the period. Finally, Wetherby Asset Management Inc. raised its stake in shares of KB Home by 24.8% in the 1st quarter. Wetherby Asset Management Inc. now owns 8,019 shares of the construction company’s stock valued at $260,000 after acquiring an additional 1,592 shares during the period. Institutional investors and hedge funds own 89.78% of the company’s stock.

About KB Home (Get Rating)

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.

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