KBR (NYSE:KBR) Issues Quarterly Earnings Results

KBR (NYSE:KBR) issued its quarterly earnings data on Wednesday. The construction company reported $0.84 EPS for the quarter, hitting the consensus estimate of $0.84, Briefing.com reports. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.95 billion. KBR had a net margin of 2.77% and a return on equity of 27.92%. KBR’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the business posted $0.75 earnings per share. KBR updated its FY 2024 guidance to 3.200-3.300 EPS.

KBR Trading Down 0.5 %

KBR stock opened at $66.73 on Friday. The company has a market capitalization of $8.88 billion, a PE ratio of 45.39, a P/E/G ratio of 1.45 and a beta of 0.90. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.10 and a quick ratio of 1.10. KBR has a 12 month low of $49.37 and a 12 month high of $71.38. The firm’s 50-day moving average is $66.22 and its 200 day moving average is $65.36.

KBR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Friday, December 13th. KBR’s dividend payout ratio is currently 40.82%.

Insiders Place Their Bets

In related news, insider Jalal Ibrahim sold 35,000 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $66.56, for a total value of $2,329,600.00. Following the transaction, the insider now owns 106,550 shares of the company’s stock, valued at $7,091,968. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.08% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. StockNews.com cut shares of KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. KeyCorp raised their price target on KBR from $73.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. DA Davidson upped their price target on shares of KBR from $78.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday. TD Cowen lowered shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective for the company. in a research note on Friday, September 6th. Finally, Citigroup increased their price target on shares of KBR from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, KBR has a consensus rating of “Moderate Buy” and a consensus target price of $78.75.

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.