KBR, Inc. (NYSE:KBR) Plans Quarterly Dividend of $0.15

KBR, Inc. (NYSE:KBR) declared a quarterly dividend on Wednesday, August 21st, Wall Street Journal reports. Stockholders of record on Monday, September 16th will be given a dividend of 0.15 per share by the construction company on Tuesday, October 15th. This represents a $0.60 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Monday, September 16th.

KBR has increased its dividend payment by an average of 10.5% annually over the last three years. KBR has a dividend payout ratio of 15.4% meaning its dividend is sufficiently covered by earnings. Analysts expect KBR to earn $3.86 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 15.5%.

KBR Stock Performance

Shares of NYSE KBR opened at $62.23 on Friday. KBR has a 1 year low of $49.37 and a 1 year high of $69.50. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.10 and a current ratio of 1.10. The company’s fifty day moving average price is $65.57 and its 200 day moving average price is $64.39. The company has a market capitalization of $8.28 billion, a PE ratio of -32.41, a price-to-earnings-growth ratio of 1.25 and a beta of 0.90.

KBR (NYSE:KBR) last posted its earnings results on Wednesday, July 24th. The construction company reported $0.83 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.88 billion. On average, research analysts predict that KBR will post 3.25 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Jalal Ibrahim sold 35,000 shares of the stock in a transaction dated 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 in the company, valued at $7,091,968. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.08% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

KBR has been the subject of a number of recent analyst reports. StockNews.com upgraded KBR from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 10th. TD Cowen lowered shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price target for the company. in a report on Friday, September 6th. Finally, DA Davidson reaffirmed a “buy” rating and set a $78.00 price objective on shares of KBR in a report on Tuesday, June 25th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $75.50.

About KBR

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.