KBR (KBR) Scheduled to Post Quarterly Earnings on Thursday

KBR (NYSE:KBRGet Rating) is set to post its quarterly earnings results before the market opens on Thursday, April 28th. Analysts expect KBR to post earnings of $0.57 per share for the quarter. KBR has set its FY 2022 guidance at $2.450-$2.600 EPS and its FY22 guidance at $2.45-2.60 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

KBR (NYSE:KBRGet Rating) last posted its quarterly earnings results on Tuesday, February 22nd. The construction company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.04. KBR had a return on equity of 21.62% and a net margin of 0.25%. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter last year, the company posted $0.51 earnings per share. KBR’s quarterly revenue was up 70.5% on a year-over-year basis. On average, analysts expect KBR to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

KBR stock opened at $54.49 on Thursday. KBR has a 52 week low of $36.71 and a 52 week high of $56.94. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market capitalization of $7.62 billion, a P/E ratio of 605.44 and a beta of 1.28. The stock has a 50-day simple moving average of $51.80 and a 200 day simple moving average of $47.22.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Tuesday, March 15th were issued a dividend of $0.12 per share. The ex-dividend date was Monday, March 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.88%. This is a boost from KBR’s previous quarterly dividend of $0.11. KBR’s dividend payout ratio (DPR) is presently 533.33%.

In other news, insider Gregory Sean Conlon sold 3,737 shares of KBR stock in a transaction that occurred on Monday, March 14th. The shares were sold at an average price of $53.74, for a total value of $200,826.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $80,292.74. The disclosure for this sale can be found here. Company insiders own 0.91% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Comerica Bank raised its position in shares of KBR by 0.4% in the fourth quarter. Comerica Bank now owns 125,975 shares of the construction company’s stock valued at $5,518,000 after buying an additional 477 shares in the last quarter. Deutsche Bank AG raised its position in KBR by 0.6% during the fourth quarter. Deutsche Bank AG now owns 111,744 shares of the construction company’s stock valued at $5,322,000 after purchasing an additional 708 shares in the last quarter. Canada Pension Plan Investment Board raised its position in KBR by 9,360.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 946 shares of the construction company’s stock valued at $45,000 after purchasing an additional 936 shares in the last quarter. Vident Investment Advisory LLC raised its position in KBR by 4.2% during the fourth quarter. Vident Investment Advisory LLC now owns 54,953 shares of the construction company’s stock valued at $2,618,000 after purchasing an additional 2,197 shares in the last quarter. Finally, Legal & General Group Plc raised its position in KBR by 1.5% during the fourth quarter. Legal & General Group Plc now owns 207,940 shares of the construction company’s stock valued at $9,902,000 after purchasing an additional 3,114 shares in the last quarter.

KBR has been the subject of a number of research analyst reports. Truist Financial lifted their price target on KBR from $57.00 to $64.00 in a report on Friday, March 11th. Stifel Nicolaus initiated coverage on KBR in a report on Thursday, March 17th. They set a “buy” rating for the company. DA Davidson upgraded KBR from a “neutral” rating to a “buy” rating in a report on Friday, March 4th. StockNews.com assumed coverage on shares of KBR in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, KeyCorp raised their price objective on shares of KBR from $55.00 to $66.00 in a research report on Thursday, April 14th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $52.00.

About KBR (Get Rating)

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. The company 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.

See Also

Earnings History for KBR (NYSE:KBR)

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