Wall Street analysts forecast that KBR, Inc. (NYSE:KBR – Get Rating) will post sales of $1.62 billion for the current fiscal quarter, according to Zacks. Three analysts have made estimates for KBR’s earnings, with the lowest sales estimate coming in at $1.60 billion and the highest estimate coming in at $1.64 billion. KBR posted sales of $1.54 billion during the same quarter last year, which suggests a positive year over year growth rate of 5.2%. The firm is scheduled to report its next earnings report on Monday, January 1st.
On average, analysts expect that KBR will report full-year sales of $6.64 billion for the current year, with estimates ranging from $6.55 billion to $6.78 billion. For the next financial year, analysts anticipate that the firm will post sales of $7.44 billion, with estimates ranging from $6.88 billion to $7.92 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for KBR.
KBR (NYSE:KBR – Get Rating) last posted its quarterly earnings results on Thursday, April 28th. The construction company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.57 by $0.05. KBR had a negative net margin of 1.32% and a positive return on equity of 23.14%. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the firm posted $0.48 EPS. The firm’s revenue was up 17.3% compared to the same quarter last year.
Shares of KBR stock opened at $45.21 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 1.21. KBR has a 1 year low of $36.71 and a 1 year high of $56.94. The firm’s 50-day moving average is $52.15 and its two-hundred day moving average is $48.00. The stock has a market cap of $6.31 billion, a price-to-earnings ratio of -60.28 and a beta of 1.28.
The business also recently declared a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Tuesday, March 15th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.06%. The ex-dividend date was Monday, March 14th. This is a positive change from KBR’s previous quarterly dividend of $0.11. KBR’s payout ratio is presently -64.00%.
In other news, insider Gregory Sean Conlon sold 3,737 shares of the business’s stock in a transaction dated Monday, March 14th. The shares were sold at an average price of $53.74, for a total transaction of $200,826.38. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Douglas Nick Kelly sold 1,661 shares of the business’s stock in a transaction dated 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. 0.91% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of KBR. First Trust Advisors LP raised its holdings in KBR by 9.1% in the 1st quarter. First Trust Advisors LP now owns 156,431 shares of the construction company’s stock valued at $2,986,000 after buying an additional 13,092 shares during the period. Raymond James & Associates increased its stake in shares of KBR by 29.7% during the third quarter. Raymond James & Associates now owns 12,787 shares of the construction company’s stock worth $504,000 after buying an additional 2,927 shares during the period. Mackenzie Financial Corp purchased a new stake in shares of KBR during the third quarter worth approximately $327,000. Barclays PLC increased its stake in shares of KBR by 49.7% during the third quarter. Barclays PLC now owns 164,513 shares of the construction company’s stock worth $6,482,000 after buying an additional 54,626 shares during the period. Finally, CIBC Asset Management Inc purchased a new stake in shares of KBR during the third quarter worth approximately $216,000.
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.
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