KBR (NYSE:KBR) Announces Earnings Results

KBR (NYSE:KBR) posted its earnings results on Wednesday. The construction company reported $0.84 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.84, Briefing.com reports. The firm 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 revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.75 EPS. KBR updated its FY 2024 guidance to 3.200-3.300 EPS.

KBR Stock Down 0.5 %

KBR stock traded down $0.32 during trading hours on Friday, hitting $66.73. The company had a trading volume of 898,255 shares, compared to its average volume of 946,692. The firm has a market capitalization of $8.88 billion, a P/E ratio of 45.39, a price-to-earnings-growth 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. The firm’s fifty day moving average is $66.19 and its 200-day moving average is $65.35. KBR has a fifty-two week low of $49.37 and a fifty-two week high of $71.38.

KBR Announces Dividend

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

Insider Buying and Selling at KBR

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $66.56, for a total value of $2,329,600.00. Following the completion of the sale, the insider now directly owns 106,550 shares of the company’s stock, valued at $7,091,968. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.08% of the company’s stock.

Analyst Ratings Changes

KBR has been the subject of a number of research analyst reports. Citigroup upped their price target on shares of KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday. KeyCorp upped their price target on shares of KBR from $73.00 to $75.00 and gave the stock an “overweight” rating in a research note 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 target price for the company. in a research note on Friday, September 6th. Finally, StockNews.com lowered shares of KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, KBR has a consensus rating of “Moderate Buy” and a consensus 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.