KBR (NYSE:KBR) Posts Earnings Results

KBR (NYSE:KBR) announced its quarterly earnings results 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 company had revenue of $1.95 billion for 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 for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the business earned $0.75 EPS. KBR updated its FY 2024 guidance to 3.200-3.300 EPS.

KBR Stock Down 0.5 %

Shares of KBR traded down $0.32 during midday trading on Friday, hitting $66.73. The company had a trading volume of 898,255 shares, compared to its average volume of 946,692. The company’s 50 day moving average price is $66.19 and its 200 day moving average price is $65.35. The stock has a market cap of $8.88 billion, a price-to-earnings ratio of 45.39, a PEG ratio of 1.45 and a beta of 0.90. 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.

KBR Dividend Announcement

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

Insider Transactions at KBR

In related news, insider Jalal Ibrahim sold 35,000 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the completion of the sale, the insider now owns 106,550 shares of the company’s stock, valued at $7,091,968. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.08% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on KBR shares. StockNews.com lowered shares of KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. Citigroup lifted their target price on shares of KBR from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday. DA Davidson lifted their target price on shares of KBR from $78.00 to $84.00 and gave the company a “buy” rating in a report on Friday. KeyCorp lifted their target price on shares of KBR from $73.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, TD Cowen lowered shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 target price on the stock. in a report on Friday, September 6th. One 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, KBR has an average 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.