KB Home (NYSE:KBH) announced its quarterly earnings data on Monday. The construction company reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.19, MarketWatch Earnings reports. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. KB Home had a return on equity of 12.68% and a net margin of 6.89%. KB Home’s quarterly revenue was down 23.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.31 earnings per share.
NYSE KBH traded up $0.86 during trading hours on Wednesday, hitting $35.01. 6,536,178 shares of the company’s stock were exchanged, compared to its average volume of 2,665,260. The business’s 50 day moving average is $34.60 and its 200-day moving average is $35.10. KB Home has a 12-month low of $9.82 and a 12-month high of $42.20. The firm has a market capitalization of $3.17 billion, a P/E ratio of 10.84, a price-to-earnings-growth ratio of 0.46 and a beta of 1.95.
KBH has been the topic of several research reports. Wedbush raised KB Home from a “neutral” rating to an “outperform” rating and set a $44.00 target price on the stock in a report on Wednesday. ValuEngine raised KB Home from a “strong sell” rating to a “sell” rating in a report on Saturday. Zacks Investment Research lowered KB Home from a “strong-buy” rating to a “hold” rating and set a $42.00 target price on the stock. in a report on Tuesday, October 6th. Seaport Global Securities raised KB Home from a “neutral” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Tuesday, November 10th. Finally, BidaskClub lowered KB Home from a “hold” rating to a “sell” rating in a report on Friday, December 11th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $40.53.
In related news, COO Matthew W. Mandino sold 9,248 shares of the stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $40.73, for a total transaction of $376,671.04. Also, CEO Jeffrey T. Mezger sold 117,170 shares of the stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $37.66, for a total value of $4,412,622.20. Following the transaction, the chief executive officer now owns 1,011,016 shares in the company, valued at $38,074,862.56. The disclosure for this sale can be found here. Insiders have sold 450,680 shares of company stock worth $16,211,727 over the last quarter. 5.36% of the stock is currently owned by company insiders.
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. 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, second move-up, and active adult homebuyers.
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