KBR (NYSE:KBR) Posts Earnings Results, Beats Estimates By $0.05 EPS

KBR (NYSE:KBRGet Rating) announced its quarterly earnings data on Thursday. The construction company reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.05, MarketWatch Earnings reports. The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.72 billion. KBR had a return on equity of 21.62% and a net margin of 0.25%. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 earnings per share. KBR updated its FY22 guidance to $2.53-2.65 EPS.

NYSE:KBR traded down $0.57 during trading hours on Friday, hitting $49.23. The company’s stock had a trading volume of 1,663,011 shares, compared to its average volume of 1,652,886. The business’s 50-day moving average is $52.85 and its two-hundred day moving average is $47.67. The company has a market capitalization of $6.88 billion, a PE ratio of -65.64 and a beta of 1.28. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.15 and a current ratio of 1.15. KBR has a 52-week low of $36.71 and a 52-week high of $56.94.

The business also recently declared a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Tuesday, March 15th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Monday, March 14th. This is a boost from KBR’s previous quarterly dividend of $0.11. KBR’s dividend payout ratio is -64.00%.

In other news, insider Gregory Sean Conlon sold 3,737 shares of the firm’s stock in a transaction on Monday, March 14th. The stock was sold at an average price of $53.74, for a total value of $200,826.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Douglas Nick Kelly sold 1,661 shares of the firm’s stock in a transaction on 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. Corporate insiders own 0.91% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Canada Pension Plan Investment Board boosted its stake in shares of 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 acquiring an additional 936 shares during the last quarter. Weiss Multi Strategy Advisers LLC acquired a new stake in shares of KBR during the fourth quarter valued at $1,124,000. Vident Investment Advisory LLC boosted its stake in shares of 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 acquiring an additional 2,197 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of 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 acquiring an additional 708 shares during the last quarter. Finally, Comerica Bank boosted its stake in shares of KBR by 0.4% during the fourth quarter. Comerica Bank now owns 125,975 shares of the construction company’s stock valued at $5,518,000 after acquiring an additional 477 shares during the last quarter.

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

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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