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

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

KB Home Price Performance

KBH opened at $58.56 on Wednesday. The company’s 50-day simple moving average is $63.99 and its two-hundred day simple moving average is $72.81. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. The stock has a market capitalization of $4.18 billion, a P/E ratio of 6.91, a P/E/G ratio of 0.90 and a beta of 1.89. KB Home has a 52-week low of $56.41 and a 52-week high of $89.70.

KB Home Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home’s dividend payout ratio (DPR) is 11.81%.

Insider Transactions at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total value of $1,891,175.00. Following the transaction, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,370,708.21. This trade represents a 44.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.89% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on KBH. Seaport Res Ptn raised shares of KB Home from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Evercore ISI raised their target price on shares of KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. Raymond James restated an “outperform” rating and set a $80.00 price target (down from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods cut their price objective on shares of KB Home from $85.00 to $76.00 and set a “market perform” rating on the stock in a report on Friday, January 17th. Finally, Wedbush reaffirmed a “neutral” rating and set a $75.00 target price on shares of KB Home in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, KB Home has a consensus rating of “Hold” and an average target price of $72.13.

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.