KBR, Inc. (NYSE:KBR) Expected to Post Earnings of $0.57 Per Share

Wall Street brokerages expect that KBR, Inc. (NYSE:KBRGet Rating) will announce earnings of $0.57 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for KBR’s earnings. The highest EPS estimate is $0.62 and the lowest is $0.50. KBR posted earnings of $0.48 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 18.8%. The business is expected to announce its next earnings report before the market opens on Monday, January 1st.

On average, analysts expect that KBR will report full year earnings of $2.54 per share for the current financial year, with EPS estimates ranging from $2.46 to $2.68. For the next year, analysts forecast that the business will report earnings of $3.10 per share, with EPS estimates ranging from $2.88 to $3.32. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover KBR.

KBR (NYSE:KBRGet Rating) last posted its earnings results on Tuesday, February 22nd. The construction company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.65 by $0.04. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share.

A number of analysts recently commented on the company. Truist Financial lifted their price target on KBR from $57.00 to $64.00 in a report on Friday, March 11th. Stifel Nicolaus started coverage on KBR in a research report on Thursday, March 17th. They issued a “buy” rating for the company. StockNews.com started coverage on KBR in a research report on Thursday, March 31st. They issued a “hold” rating for the company. DA Davidson upgraded KBR from a “neutral” rating to a “buy” rating in a research report on Friday, March 4th. Finally, KeyCorp lifted their price target on KBR from $55.00 to $66.00 in a research report on Thursday, April 14th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $55.50.

Shares of KBR stock opened at $52.44 on Friday. The business’s fifty day simple moving average is $52.16 and its 200 day simple moving average is $47.35. The firm has a market capitalization of $7.33 billion, a P/E ratio of 582.67 and a beta of 1.28. KBR has a 12 month low of $36.71 and a 12 month high of $56.94. 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 firm also recently announced a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Tuesday, March 15th were paid a $0.12 dividend. This is a positive change from KBR’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Monday, March 14th. KBR’s dividend payout ratio is currently 533.33%.

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

Several institutional investors have recently made changes to their positions in KBR. First National Bank of Hutchinson boosted its holdings in KBR by 2.0% during the 1st quarter. First National Bank of Hutchinson now owns 14,235 shares of the construction company’s stock valued at $779,000 after acquiring an additional 277 shares during the period. Louisiana State Employees Retirement System boosted its holdings in KBR by 1.7% during the 1st quarter. Louisiana State Employees Retirement System now owns 36,700 shares of the construction company’s stock valued at $2,000,000 after acquiring an additional 600 shares during the period. Empowered Funds LLC purchased a new stake in KBR during the 1st quarter valued at about $1,993,000. Inspire Investing LLC purchased a new stake in KBR during the 1st quarter valued at about $236,000. Finally, Xponance Inc. boosted its holdings in KBR by 1.2% during the 1st quarter. Xponance Inc. now owns 21,127 shares of the construction company’s stock valued at $1,156,000 after acquiring an additional 252 shares during the period.

KBR Company Profile (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.

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Earnings History and Estimates for KBR (NYSE:KBR)

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