KB Home (NYSE:KBH) Issues Earnings Results

KB Home (NYSE:KBH) released its quarterly earnings data on Monday. The construction company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.08, Briefing.com reports. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.99 billion. KB Home had a return on equity of 15.69% and a net margin of 9.31%. The company’s revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.85 EPS.

KB Home Stock Up 1.4 %

KBH opened at $64.07 on Tuesday. KB Home has a twelve month low of $58.05 and a twelve month high of $89.70. The company’s 50-day moving average price is $73.85 and its two-hundred day moving average price is $78.01. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 8.21, a PEG ratio of 0.57 and a beta of 1.86.

Analyst Upgrades and Downgrades

KBH has been the topic of several research reports. Wedbush upped their price target on shares of KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. UBS Group cut their price target on shares of KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their target price on KB Home from $92.50 to $82.00 and set a “neutral” rating for the company in a research note on Friday, December 13th. Royal Bank of Canada upgraded shares of KB Home from an “underperform” rating to a “sector perform” rating and dropped their price objective for the stock from $70.00 to $67.00 in a report on Friday. Finally, Barclays downgraded shares of KB Home from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $99.00 to $85.00 in a report on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $79.25.

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.