KBR (NYSE:KBR) Announces Quarterly Earnings Results, Hits Estimates

KBR (NYSE:KBR) released its earnings results on Wednesday. The construction company reported $0.84 EPS for the quarter, meeting the consensus estimate of $0.84, Briefing.com reports. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.95 billion. KBR had a net margin of 2.77% and a return on equity of 27.92%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 EPS. KBR updated its FY 2024 guidance to 3.200-3.300 EPS.

KBR Price Performance

NYSE:KBR traded down $0.30 during mid-day trading on Friday, reaching $66.75. 898,124 shares of the company were exchanged, compared to its average volume of 1,109,067. KBR has a 12 month low of $49.37 and a 12 month high of $71.38. The company has a fifty day moving average of $66.19 and a 200 day moving average of $65.35. 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 stock has a market cap of $8.96 billion, a PE ratio of -34.77, a PEG ratio of 1.40 and a beta of 0.90.

KBR Announces Dividend

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

Insiders Place Their Bets

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the transaction, the insider now directly owns 106,550 shares in the company, valued at approximately $7,091,968. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.08% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. TD Cowen lowered shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price target on the stock. in a report on Friday, September 6th. StockNews.com lowered shares of KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. DA Davidson boosted their price target on shares of KBR from $78.00 to $84.00 and gave the company a “buy” rating in a report on Friday. Citigroup boosted 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. Finally, KeyCorp upped their target price on shares of KBR from $73.00 to $75.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.