KBR (NYSE:KBR) Releases FY 2024 Earnings Guidance

KBR (NYSE:KBR) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 3.200-3.300 for the period, compared to the consensus EPS estimate of 3.250. The company issued revenue guidance of $7.5 billion-$7.7 billion, compared to the consensus revenue estimate of $7.6 billion.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KBR. Citigroup upped their target price on shares of KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday. StockNews.com cut shares of KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. TD Cowen cut shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 target price for the company. in a research report on Friday, September 6th. KeyCorp raised their price target on KBR from $73.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, DA Davidson reiterated a “buy” rating and issued a $78.00 price objective on shares of KBR in a report on Tuesday, June 25th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, KBR has an average rating of “Moderate Buy” and an average price target of $78.00.

KBR Stock Performance

Shares of KBR stock opened at $70.40 on Wednesday. The stock’s fifty day simple moving average is $66.02 and its 200 day simple moving average is $65.28. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $9.45 billion, a PE ratio of -36.67, a PEG ratio of 1.40 and a beta of 0.90. KBR has a 12 month low of $49.37 and a 12 month high of $71.38.

KBR (NYSE:KBR) last released its quarterly earnings results on Wednesday, July 24th. The construction company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. KBR had a return on equity of 27.92% and a net margin of 2.77%. The company 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 EPS for the current year.

KBR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Friday, December 13th. KBR’s payout ratio is currently -31.25%.

Insider Transactions at KBR

In related news, insider Jalal Ibrahim sold 35,000 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 106,550 shares of the company’s stock, valued at approximately $7,091,968. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.08% of the stock is owned by insiders.

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.