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

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

KB Home Price Performance

Shares of KBH opened at $61.78 on Tuesday. The business has a 50-day moving average of $64.17 and a 200-day moving average of $72.95. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 7.29, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. KB Home has a 1 year low of $58.80 and a 1 year high of $89.70.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.62%. KB Home’s dividend payout ratio (DPR) is presently 11.81%.

Insider Activity at KB Home

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a report on Wednesday, January 15th. The Goldman Sachs Group cut their target price on KB Home from $81.00 to $72.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. UBS Group decreased their price target on KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Seaport Res Ptn upgraded KB Home from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Finally, Royal Bank of Canada upgraded shares of KB Home from an “underperform” rating to a “sector perform” rating and reduced their price target for the company from $70.00 to $67.00 in a research note on Friday, January 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, KB Home has a consensus rating of “Hold” and a consensus target price of $75.21.

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.