KBR, Inc. Forecasted to Earn Q3 2024 Earnings of $0.80 Per Share (NYSE:KBR)

KBR, Inc. (NYSE:KBR) – Equities researchers at DA Davidson issued their Q3 2024 EPS estimates for KBR in a report issued on Thursday, July 25th. DA Davidson analyst B. Thielman expects that the construction company will post earnings of $0.80 per share for the quarter. DA Davidson currently has a “Buy” rating and a $78.00 price objective on the stock. The consensus estimate for KBR’s current full-year earnings is $3.23 per share.

KBR (NYSE:KBR) last posted its quarterly earnings data on Tuesday, April 30th. The construction company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.70 by $0.07. KBR had a net margin of 2.77% and a return on equity of 27.92%. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the previous year, the firm posted $0.67 earnings per share. KBR’s quarterly revenue was up 6.8% on a year-over-year basis.

Several other research analysts have also recently weighed in on KBR. Truist Financial boosted their price objective on shares of KBR from $72.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Stifel Nicolaus boosted their price objective on shares of KBR from $83.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, May 9th. StockNews.com cut shares of KBR from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Citigroup boosted their price objective on shares of KBR from $66.00 to $72.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, UBS Group upped their target price on shares of KBR from $68.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $76.00.

KBR Stock Down 1.3 %

KBR opened at $65.77 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.35. The firm has a 50 day moving average price of $64.91 and a 200-day moving average price of $61.75. KBR has a twelve month low of $49.37 and a twelve month high of $69.37. The stock has a market capitalization of $8.83 billion, a price-to-earnings ratio of -34.26, a PEG ratio of 1.38 and a beta of 0.90.

Institutional Trading of KBR

A number of hedge funds and other institutional investors have recently modified their holdings of KBR. Norges Bank purchased a new position in KBR during the fourth quarter valued at $77,193,000. Jacobs Levy Equity Management Inc. grew its stake in KBR by 359.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,467,650 shares of the construction company’s stock valued at $93,431,000 after acquiring an additional 1,148,503 shares in the last quarter. Freshford Capital Management LLC grew its stake in KBR by 55.5% during the fourth quarter. Freshford Capital Management LLC now owns 966,610 shares of the construction company’s stock valued at $53,560,000 after acquiring an additional 344,800 shares in the last quarter. Franklin Resources Inc. grew its stake in KBR by 12.1% during the fourth quarter. Franklin Resources Inc. now owns 3,084,559 shares of the construction company’s stock valued at $170,915,000 after acquiring an additional 331,749 shares in the last quarter. Finally, Onex Canada Asset Management Inc. purchased a new position in KBR during the fourth quarter valued at $11,742,000. 97.02% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Sonia Galindo sold 4,660 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $66.00, for a total value of $307,560.00. Following the completion of the sale, the executive vice president now directly owns 21,409 shares of the company’s stock, valued at $1,412,994. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.08% of the company’s stock.

KBR Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, June 17th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, June 17th. This represents a $0.60 dividend on an annualized basis and a yield of 0.91%. KBR’s dividend payout ratio is currently -31.25%.

About KBR

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.