KBR, Inc. (NYSE:KBR) Expected to Earn Q2 2024 Earnings of $0.77 Per Share

KBR, Inc. (NYSE:KBRFree Report) – DA Davidson issued their Q2 2024 earnings per share estimates for KBR in a research note issued on Wednesday, May 1st. DA Davidson analyst B. Thielman expects that the construction company will post earnings per share of $0.77 for the quarter. DA Davidson has a “Buy” rating and a $78.00 price target on the stock. The consensus estimate for KBR’s current full-year earnings is $3.19 per share.

KBR has been the subject of several other research reports. UBS Group lowered their price objective on KBR from $65.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. Citigroup raised their price objective on KBR from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. StockNews.com raised KBR from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th. KeyCorp raised their price objective on KBR from $63.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Finally, Truist Financial raised their price objective on KBR from $72.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $73.86.

Check Out Our Latest Analysis on KBR

KBR Stock Performance

Shares of KBR stock opened at $66.51 on Thursday. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $8.96 billion, a P/E ratio of -34.15, a P/E/G ratio of 1.37 and a beta of 0.92. The business has a fifty day simple moving average of $62.29 and a two-hundred day simple moving average of $57.01. KBR has a 12 month low of $49.37 and a 12 month high of $66.61.

KBR (NYSE:KBRGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The construction company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. KBR had a positive return on equity of 26.14% and a negative net margin of 3.65%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter last year, the firm posted $0.67 earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis.

KBR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from KBR’s previous quarterly dividend of $0.14. KBR’s payout ratio is currently -31.25%.

Insider Transactions at KBR

In related news, EVP Jennifer Myles sold 8,000 shares of KBR stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $58.95, for a total value of $471,600.00. Following the completion of the sale, the executive vice president now directly owns 38,524 shares in the company, valued at approximately $2,270,989.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.08% of the stock is owned by insiders.

Institutional Investors Weigh In On KBR

Several large investors have recently bought and sold shares of the business. Fifth Lane Capital LP bought a new stake in KBR in the 1st quarter worth about $374,000. Capstone Investment Advisors LLC grew its stake in shares of KBR by 465.3% during the 1st quarter. Capstone Investment Advisors LLC now owns 21,080 shares of the construction company’s stock valued at $1,342,000 after purchasing an additional 17,351 shares during the period. BNP Paribas Financial Markets grew its stake in shares of KBR by 1.2% during the 1st quarter. BNP Paribas Financial Markets now owns 95,824 shares of the construction company’s stock valued at $6,100,000 after purchasing an additional 1,143 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of KBR by 2.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 16,443 shares of the construction company’s stock valued at $1,047,000 after purchasing an additional 449 shares during the period. Finally, Diversify Advisory Services LLC bought a new stake in shares of KBR during the 1st quarter valued at about $352,000. 97.02% of the stock is currently owned by institutional investors.

About KBR

(Get Free Report)

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.

See Also

Earnings History and Estimates for KBR (NYSE:KBR)

Receive News & Ratings for KBR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KBR and related companies with MarketBeat.com's FREE daily email newsletter.