Zacks: Analysts Expect KBR, Inc. (NYSE:KBR) to Post $0.61 EPS

Wall Street analysts predict that KBR, Inc. (NYSE:KBRGet Rating) will post earnings of $0.61 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for KBR’s earnings. The highest EPS estimate is $0.66 and the lowest is $0.57. KBR reported earnings of $0.58 per share in the same quarter last year, which would indicate a positive year over year growth rate of 5.2%. The firm is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that KBR will report full-year earnings of $2.60 per share for the current fiscal year, with EPS estimates ranging from $2.53 to $2.67. For the next financial year, analysts forecast that the company will post earnings of $3.15 per share, with EPS estimates ranging from $2.90 to $3.33. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that cover KBR.

KBR (NYSE:KBRGet Rating) last posted its earnings results on Thursday, April 28th. The construction company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.57 by $0.05. The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.72 billion. KBR had a positive return on equity of 23.14% and a negative net margin of 1.32%. The business’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period last year, the company earned $0.48 earnings per share.

Several equities research analysts have recently weighed in on the company. DA Davidson raised KBR from a “neutral” rating to a “buy” rating in a research note on Friday, March 4th. Truist Financial increased their price target on KBR from $57.00 to $64.00 in a research note on Friday, March 11th. StockNews.com assumed coverage on KBR in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Stifel Nicolaus assumed coverage on KBR in a research note on Thursday, March 17th. They issued a “buy” rating for the company. Finally, KeyCorp increased their price target on KBR from $55.00 to $66.00 in a research note on Thursday, April 14th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $55.50.

In other KBR news, insider Gregory Sean Conlon sold 3,737 shares of the stock in a transaction that occurred 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 document filed with the SEC, which is available at this hyperlink. Also, insider Douglas Nick Kelly sold 1,661 shares of the stock in a transaction that occurred on Friday, February 25th. The stock was 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.

Large investors have recently made changes to their positions in the business. Renaissance Technologies LLC bought a new position in shares of KBR in the first quarter valued at approximately $22,631,000. Cadence Bank bought a new position in shares of KBR in the first quarter valued at approximately $200,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of KBR by 2.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,160,209 shares of the construction company’s stock valued at $63,499,000 after purchasing an additional 28,891 shares in the last quarter. Edgestream Partners L.P. bought a new position in shares of KBR in the first quarter valued at approximately $524,000. Finally, Employees Retirement System of Texas lifted its holdings in shares of KBR by 83.3% in the first quarter. Employees Retirement System of Texas now owns 22,000 shares of the construction company’s stock valued at $1,204,000 after purchasing an additional 10,000 shares in the last quarter.

KBR stock opened at $45.21 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $6.31 billion, a PE ratio of -60.28 and a beta of 1.28. KBR has a 12 month low of $36.71 and a 12 month high of $56.94. The stock has a 50-day moving average price of $52.15 and a two-hundred day moving average price of $48.03.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Tuesday, March 15th were paid a dividend of $0.12 per share. The ex-dividend date was Monday, March 14th. This represents a $0.48 annualized dividend and a yield of 1.06%. 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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