KBR, Inc. Expected to Earn FY2024 Earnings of $3.23 Per Share (NYSE:KBR)

KBR, Inc. (NYSE:KBR) – Research analysts at DA Davidson increased their FY2024 earnings per share (EPS) estimates for KBR in a report released on Wednesday, May 1st. DA Davidson analyst B. Thielman now forecasts that the construction company will post earnings per share of $3.23 for the year, up from their prior estimate of $3.17. DA Davidson currently has a “Buy” rating and a $78.00 price target on the stock. The consensus estimate for KBR’s current full-year earnings is $3.20 per share.

KBR (NYSE:KBR) last released its quarterly earnings results on Tuesday, April 30th. The construction company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.07. KBR had a positive return on equity of 26.14% and a negative net margin of 3.65%. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter last year, the firm posted $0.67 EPS. The company’s revenue was up 6.8% compared to the same quarter last year.

KBR has been the topic of several other research reports. StockNews.com upgraded shares of KBR from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th. KeyCorp raised their price target on KBR from $63.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Truist Financial upped their price objective on KBR from $72.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. UBS Group decreased their price objective on KBR from $65.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, February 2nd. Finally, Citigroup upped their target price on KBR from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, KBR has a consensus rating of “Buy” and a consensus price target of $73.86.

KBR Trading Up 0.4 %

Shares of KBR opened at $66.78 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.10 and a quick ratio of 1.05. KBR has a 1-year low of $49.37 and a 1-year high of $66.98. The company has a market capitalization of $8.97 billion, a P/E ratio of -34.78, a P/E/G ratio of 1.39 and a beta of 0.92. The firm’s 50 day simple moving average is $62.43 and its 200 day simple moving average is $57.08.

Institutional Trading of KBR

A number of hedge funds have recently modified their holdings of KBR. Rise Advisors LLC purchased a new position in shares of KBR during the first quarter valued at approximately $25,000. CWM LLC increased its position in KBR by 113.6% during the 3rd quarter. CWM LLC now owns 814 shares of the construction company’s stock valued at $48,000 after buying an additional 433 shares in the last quarter. International Assets Investment Management LLC purchased a new position in KBR during the fourth quarter valued at $64,000. Headlands Technologies LLC bought a new stake in KBR in the fourth quarter worth $65,000. Finally, Anchor Investment Management LLC bought a new stake in KBR in the fourth quarter worth $69,000. Institutional investors own 97.02% of the company’s stock.

Insiders Place Their Bets

In other KBR news, EVP Jennifer Myles sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $58.95, for a total transaction of $471,600.00. Following the transaction, the executive vice president now owns 38,524 shares in the company, valued at approximately $2,270,989.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.08% of the company’s stock.

KBR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were given a dividend of $0.15 per share. This is an increase from KBR’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Thursday, March 14th. KBR’s payout ratio is presently -31.25%.

About KBR

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.