KB Home (KBH) Posts Earnings Results, Beats Estimates By $0.07 EPS
KB Home (NYSE:KBH) announced its quarterly earnings results on Wednesday. The construction company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07, Bloomberg Earnings reports. KB Home had a return on equity of 7.57% and a net margin of 3.22%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the business posted $0.40 earnings per share. The business’s revenue for the quarter was up 17.7% on a year-over-year basis.
Shares of KB Home (NYSE:KBH) traded up $0.37 during trading hours on Wednesday, reaching $34.20. The company’s stock had a trading volume of 3,007,600 shares, compared to its average volume of 2,297,817. KB Home has a 12-month low of $15.51 and a 12-month high of $34.55. The firm has a market cap of $2,960.00, a price-to-earnings ratio of 24.60, a price-to-earnings-growth ratio of 0.77 and a beta of 1.69.
In other KB Home news, EVP Brian J. Woram sold 49,529 shares of the firm’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $27.11, for a total value of $1,342,731.19. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.60% of the stock is currently owned by company insiders.
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KB Home Company Profile
KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.
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