KB Home (NYSE:KBH – Get Free Report) released its quarterly earnings results on Monday. The construction company reported $2.52 EPS for the quarter, beating the consensus estimate of $2.44 by $0.08, Briefing.com reports. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. KB Home had a net margin of 9.31% and a return on equity of 15.69%. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.85 EPS.
KB Home Stock Up 1.4 %
Shares of KBH traded up $0.88 during mid-day trading on Monday, reaching $64.07. The company had a trading volume of 2,667,353 shares, compared to its average volume of 1,298,894. KB Home has a 52-week low of $58.05 and a 52-week high of $89.70. The stock has a 50 day moving average of $74.16 and a two-hundred day moving average of $78.05. The stock has a market capitalization of $4.70 billion, a P/E ratio of 8.21, a PEG ratio of 0.57 and a beta of 1.86.
Analyst Ratings Changes
Several research firms have commented on KBH. Wells Fargo & Company dropped their price objective on shares of KB Home from $74.00 to $65.00 and set an “underweight” rating for the company in a report on Monday. Barclays downgraded KB Home from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $99.00 to $85.00 in a research note on Wednesday, December 11th. UBS Group cut their target price on shares of KB Home from $105.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada raised shares of KB Home from an “underperform” rating to a “sector perform” rating and decreased their price target for the company from $70.00 to $67.00 in a research note on Friday. Finally, Wedbush raised their target price on shares of KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, KB Home has an average rating of “Hold” and an average price target of $79.25.
KB Home Company Profile
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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