KBR (NYSE:KBR) Issues FY 2024 Earnings Guidance

KBR (NYSE:KBR) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 3.100-3.300 for the period, compared to the consensus estimate of 3.210. The company issued revenue guidance of $7.4 billion-$7.7 billion, compared to the consensus revenue estimate of $7.5 billion. KBR also updated its FY24 guidance to $3.10-$3.30 EPS.

Analyst Ratings Changes

A number of research firms recently issued reports on KBR. StockNews.com upgraded shares of KBR from a hold rating to a buy rating in a research report on Wednesday, March 20th. Truist Financial upped their target price on KBR from $72.00 to $90.00 and gave the stock a buy rating in a research note on Tuesday, April 9th. UBS Group reduced their price target on KBR from $65.00 to $63.00 and set a buy rating for the company in a research report on Friday, February 2nd. DA Davidson upped their price objective on KBR from $70.00 to $78.00 and gave the stock a buy rating in a research report on Wednesday. Finally, Citigroup lifted their target price on shares of KBR from $66.00 to $72.00 and gave the company a buy rating in a report on Monday, April 22nd. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of Buy and an average price target of $73.86.

KBR Price Performance

KBR stock traded up $0.41 during trading on Thursday, hitting $65.97. The stock had a trading volume of 404,156 shares, compared to its average volume of 1,311,426. KBR has a twelve month low of $49.37 and a twelve month high of $66.60. The company’s 50-day moving average price is $62.29 and its two-hundred day moving average price is $57.01. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.10 and a quick ratio of 1.05. The stock has a market capitalization of $8.88 billion, a P/E ratio of -34.15, a PEG ratio of 1.37 and a beta of 0.92.

KBR (NYSE:KBR) last issued its quarterly earnings results on Tuesday, April 30th. The construction company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.70 by $0.07. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.78 billion. KBR had a positive return on equity of 26.14% and a negative net margin of 3.65%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.67 earnings per share. As a group, research analysts predict that KBR will post 3.19 EPS for the current fiscal year.

KBR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Thursday, March 14th. This is a boost from KBR’s previous quarterly dividend of $0.14. KBR’s dividend payout ratio (DPR) is currently -31.25%.

Insider Buying and Selling at KBR

In other KBR news, EVP Jennifer Myles sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $58.95, for a total value of $471,600.00. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.08% of the stock is owned by company insiders.

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.