KBR (KBR) Scheduled to Post Quarterly Earnings on Tuesday

KBR (NYSE:KBR) will be announcing its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.69 per share for the quarter. KBR has set its FY 2024 guidance at 3.100-3.300 EPS and its FY24 guidance at $3.10 to $3.30 EPS.Investors interested in listening to the company’s conference call can do so using this link.

KBR (NYSE:KBR) last posted its earnings results on Tuesday, February 20th. The construction company reported $0.69 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.69. KBR had a positive return on equity of 25.08% and a negative net margin of 3.81%. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter last year, the firm earned $0.69 earnings per share. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, analysts expect KBR to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

KBR Trading Up 0.7 %

Shares of NYSE KBR opened at $63.12 on Tuesday. KBR has a twelve month low of $49.37 and a twelve month high of $65.87. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.29. The stock has a fifty day simple moving average of $60.96 and a 200-day simple moving average of $56.78. The stock has a market capitalization of $8.50 billion, a PE ratio of -30.79, a PEG ratio of 1.33 and a beta of 0.95.

KBR Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from KBR’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.95%. KBR’s payout ratio is presently -29.27%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Truist Financial lifted their price objective on KBR from $72.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. StockNews.com raised KBR from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. Stifel Nicolaus restated a “buy” rating and set a $80.00 price target (up previously from $78.00) on shares of KBR in a report on Wednesday, March 13th. Citigroup upped their price target on KBR from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Monday. Finally, KeyCorp upped their price target on KBR from $63.00 to $65.00 and gave the stock an “overweight” rating in a report on Wednesday, February 21st. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $73.00.

Insider Transactions at KBR

In other news, EVP Jennifer Myles sold 8,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $58.95, for a total transaction of $471,600.00. Following the completion of the transaction, the executive vice president now directly owns 38,524 shares of the company’s stock, valued at approximately $2,270,989.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.08% of the company’s stock.

KBR Company Profile

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It 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.