Analysts Offer Predictions for KBR, Inc.’s Q2 2022 Earnings (NYSE:KBR)

KBR, Inc. (NYSE:KBRGet Rating) – Investment analysts at DA Davidson issued their Q2 2022 earnings per share estimates for KBR in a note issued to investors on Friday, April 29th. DA Davidson analyst B. Thielman anticipates that the construction company will post earnings per share of $0.60 for the quarter. DA Davidson currently has a “Buy” rating on the stock. DA Davidson also issued estimates for KBR’s FY2022 earnings at $2.61 EPS and FY2023 earnings at $3.30 EPS.

A number of other research analysts also recently weighed in on KBR. Truist Financial increased their target price on KBR from $57.00 to $64.00 in a report on Friday, March 11th. StockNews.com began coverage on KBR in a report on Thursday, March 31st. They issued a “hold” rating on the stock. KeyCorp increased their target price on KBR from $55.00 to $66.00 in a report on Thursday, April 14th. Finally, Stifel Nicolaus assumed coverage on KBR in a report on Thursday, March 17th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $55.50.

Shares of NYSE:KBR opened at $49.23 on Monday. KBR has a 1 year low of $36.71 and a 1 year high of $56.94. The stock’s fifty day moving average price is $52.85 and its 200-day moving average price is $47.76. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market cap of $6.88 billion, a P/E ratio of -65.64 and a beta of 1.28.

KBR (NYSE:KBRGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The construction company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.72 billion. KBR had a positive return on equity of 23.18% and a negative net margin of 1.32%. The company’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 earnings per share.

Several large investors have recently bought and sold shares of KBR. SG Americas Securities LLC lifted its stake in shares of KBR by 35.4% during the 1st quarter. SG Americas Securities LLC now owns 34,578 shares of the construction company’s stock worth $1,892,000 after acquiring an additional 9,045 shares during the last quarter. Mitchell Capital Management Co. lifted its stake in shares of KBR by 3.6% during the 1st quarter. Mitchell Capital Management Co. now owns 87,430 shares of the construction company’s stock worth $4,785,000 after acquiring an additional 3,001 shares during the last quarter. United Asset Strategies Inc. bought a new stake in shares of KBR during the 1st quarter worth approximately $1,290,000. Parallel Advisors LLC lifted its stake in shares of KBR by 97.9% during the 1st quarter. Parallel Advisors LLC now owns 3,348 shares of the construction company’s stock worth $182,000 after acquiring an additional 1,656 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of KBR by 251.1% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,332,807 shares of the construction company’s stock worth $72,945,000 after acquiring an additional 953,223 shares during the last quarter.

In other KBR news, insider Gregory Sean Conlon sold 3,737 shares of the firm’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Douglas Nick Kelly sold 1,661 shares of the firm’s 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 disclosure for this sale can be found here. Company insiders own 0.91% of the company’s stock.

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

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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