KBR (NYSE:KBR) Issues FY 2024 Earnings Guidance

KBR (NYSE:KBR) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 3.200-3.300 for the period, compared to the consensus EPS estimate of 3.250. The company issued revenue guidance of $7.5 billion-$7.7 billion, compared to the consensus revenue estimate of $7.6 billion.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. KeyCorp upped their price target on KBR from $73.00 to $75.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Citigroup upped their target price on KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, TD Cowen lowered 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. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, KBR currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

KBR Price Performance

Shares of NYSE:KBR traded down $0.53 during midday trading on Thursday, hitting $66.72. The company had a trading volume of 508,059 shares, compared to its average volume of 1,106,151. The business’s 50-day simple moving average is $66.17 and its 200-day simple moving average is $65.33. The stock has a market cap of $8.96 billion, a price-to-earnings ratio of -35.03, a price-to-earnings-growth ratio of 1.40 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 twelve month low of $49.37 and a twelve month high of $71.38.

KBR (NYSE:KBR) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.04. KBR had a net margin of 2.77% and a return on equity of 27.92%. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.88 billion. On average, research analysts predict that KBR will post 3.25 earnings per share for the current year.

KBR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be issued a $0.15 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.60 annualized dividend and a yield of 0.90%. KBR’s payout ratio is -31.25%.

Insider Activity

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the completion of the sale, the insider now owns 106,550 shares of the company’s stock, valued at $7,091,968. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.