KBR, Inc. (NYSE:KBR) Expected to Post Quarterly Sales of $1.74 Billion

Equities analysts forecast that KBR, Inc. (NYSE:KBRGet Rating) will announce $1.74 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for KBR’s earnings. The lowest sales estimate is $1.62 billion and the highest is $1.91 billion. KBR reported sales of $1.46 billion in the same quarter last year, which suggests a positive year over year growth rate of 19.2%. The firm is scheduled to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that KBR will report full year sales of $6.64 billion for the current fiscal year, with estimates ranging from $6.51 billion to $6.87 billion. For the next fiscal year, analysts forecast that the firm will report sales of $7.21 billion, with estimates ranging from $6.70 billion to $8.05 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that cover KBR.

KBR (NYSE:KBRGet Rating) last announced its quarterly earnings data on Tuesday, February 22nd. The construction company reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.04. The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.53 billion. KBR had a net margin of 0.25% and a return on equity of 21.62%. The firm’s revenue for the quarter was up 70.5% compared to the same quarter last year. During the same period last year, the business earned $0.51 EPS.

Several research firms have recently commented on KBR. KeyCorp lifted their price target on shares of KBR from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Tuesday, February 1st. DA Davidson upgraded shares of KBR from a “neutral” rating to a “buy” rating in a research report on Friday, March 4th. StockNews.com initiated coverage on shares of KBR in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Stifel Nicolaus initiated coverage on shares of KBR in a research report on Thursday, March 17th. They issued a “buy” rating on the stock. Finally, Truist Financial lifted their price objective on shares of KBR from $57.00 to $64.00 in a research report on Friday, March 11th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $50.17.

KBR stock traded down $1.22 during mid-day trading on Monday, hitting $53.33. 1,390,431 shares of the company were exchanged, compared to its average volume of 1,581,028. KBR has a twelve month low of $36.71 and a twelve month high of $56.30. The firm has a fifty day simple moving average of $50.39 and a 200 day simple moving average of $46.52. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $7.46 billion, a PE ratio of 592.56 and a beta of 1.28.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 15th. Investors of record on Tuesday, March 15th will be issued a $0.12 dividend. This is an increase from KBR’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Monday, March 14th. KBR’s payout ratio is presently 533.33%.

In other news, insider Douglas Nick Kelly sold 1,661 shares of KBR stock in a transaction that occurred on Friday, February 25th. The shares were sold at an average price of $48.34, for a total value of $80,292.74. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Gregory Sean Conlon sold 3,737 shares of KBR stock in a transaction that occurred on Monday, March 14th. The stock was sold at an average price of $53.74, for a total transaction of $200,826.38. The disclosure for this sale can be found here. 0.91% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Harbour Capital Advisors LLC lifted its stake in KBR by 2.0% in the first quarter. Harbour Capital Advisors LLC now owns 42,516 shares of the construction company’s stock valued at $2,327,000 after acquiring an additional 850 shares during the last quarter. American Trust acquired a new stake in KBR in the fourth quarter valued at approximately $813,000. Norges Bank acquired a new stake in KBR in the fourth quarter valued at approximately $61,275,000. Walleye Capital LLC lifted its stake in KBR by 155.3% in the fourth quarter. Walleye Capital LLC now owns 18,141 shares of the construction company’s stock valued at $864,000 after acquiring an additional 11,035 shares during the last quarter. Finally, Vident Investment Advisory LLC lifted its stake in KBR by 4.2% in the fourth quarter. Vident Investment Advisory LLC now owns 54,953 shares of the construction company’s stock valued at $2,618,000 after acquiring an additional 2,197 shares during the last quarter.

About KBR (Get Rating)

KBR, Inc engages in the provision of differentiated professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. It operates through the following segments: Government Solutions, Technology Solutions, Energy Solutions, Non-strategic Business, and Other.

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