KBR (NYSE:KBR) Posts Earnings Results, Hits Expectations

KBR (NYSE:KBR) released its quarterly earnings data on Wednesday. The construction company reported $0.84 earnings per share 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 return on equity of 27.92% and a net margin of 2.77%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 earnings per share. KBR updated its FY 2024 guidance to 3.200-3.300 EPS.

KBR Stock Down 0.4 %

Shares of NYSE:KBR traded down $0.30 on Friday, hitting $66.75. 898,255 shares of the company traded hands, compared to its average volume of 1,109,068. KBR has a 52 week low of $49.37 and a 52 week high of $71.38. 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 50 day simple moving average of $66.19 and a 200-day simple moving average of $65.35. The company 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 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 annualized dividend and a dividend yield of 0.90%. KBR’s payout ratio is presently -31.25%.

Insider Activity

In related news, insider Jalal Ibrahim sold 35,000 shares of the 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 sale, the insider now directly 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 filing with the SEC, which is available at the SEC website. Corporate insiders own 1.08% of the company’s stock.

Analyst Ratings Changes

KBR has been the subject of a number of analyst reports. KeyCorp increased their price objective on KBR from $73.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Citigroup upped their target price on KBR from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday. StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. DA Davidson upped their target price on KBR from $78.00 to $84.00 and gave the company a “buy” rating in a report on Friday. Finally, TD Cowen downgraded KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective for the company. in a report on Friday, September 6th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus 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.