UBS Raises Price Target on KB Home (KBH) to $12 as HB EBIT Margin Drives 2Q

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Go back to UBS Raises Price Target on KB Home (KBH) to $12 as HB EBIT Margin Drives 2Q

KB Home Reports 2016 Second Quarter Results

June 21, 2016 4:15 PM EDT

Total Revenues Up 30% to $811 Million; Net Income Increases 63% to $16 Million

Net Order Value Increases 14% to $1.20 Billion

LOS ANGELES--(BUSINESS WIRE)-- KB Home (NYSE: KBH) today reported results for its second quarter ended May 31, 2016.

We delivered a strong second quarter performance, said Jeffrey Mezger, president and chief executive officer. We generated considerable increases in deliveries and revenues, and posted a substantial improvement in earnings, despite charges related to our strategic decision to transition out of the Metro Washington, D.C. area. Our second quarter results reflect the... More