FY2024 EPS Estimates for KBR, Inc. Lifted by Analyst (NYSE:KBR)

KBR, Inc. (NYSE:KBR - Free Report) - Equities research analysts at Zacks Research boosted their FY2024 earnings per share (EPS) estimates for KBR in a research report issued to clients and investors on Monday, October 14th. Zacks Research analyst R. Department now forecasts that the construction company will post earnings per share of $3.26 for the year, up from their previous forecast of $3.25. The consensus estimate for KBR's current full-year earnings is $3.25 per share.

KBR (NYSE:KBR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The construction company reported $0.83 earnings per share for the quarter, beating 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 firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.88 billion.

A number of other research analysts also recently commented on KBR. StockNews.com downgraded shares of KBR from a "strong-buy" rating to a "buy" rating in a research note on Sunday, October 6th. KeyCorp increased their price target on shares of KBR from $73.00 to $75.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. DA Davidson reiterated a "buy" rating and issued a $78.00 price target on shares of KBR in a research note on Tuesday, June 25th. Finally, TD Cowen cut KBR from a "buy" rating to a "hold" rating and set a $72.00 price objective on the stock. in a research note on Friday, September 6th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $76.75.

KBR Stock Down 2.3 %

Shares of KBR stock traded down $1.60 on Tuesday, hitting $67.87. 1,041,177 shares of the company's stock traded hands, compared to its average volume of 1,098,402. 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 firm's 50-day moving average is $65.54 and its 200 day moving average is $65.10. The stock has a market cap of $9.11 billion, a P/E ratio of -35.35, a PEG ratio of 1.40 and a beta of 0.90. KBR has a 52-week low of $49.37 and a 52-week high of $69.77.

KBR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th will be paid a $0.15 dividend. The ex-dividend date is Monday, September 16th. This represents a $0.60 dividend on an annualized basis and a yield of 0.88%. KBR's payout ratio is currently -31.25%.

Insider Activity

In related news, insider Jalal Ibrahim sold 35,000 shares of the firm's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $66.56, for a total value of $2,329,600.00. Following the sale, the insider now owns 106,550 shares of the company's stock, valued at approximately $7,091,968. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.08% of the company's stock.

Institutional Trading of KBR

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in KBR by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 13,044,986 shares of the construction company's stock valued at $722,823,000 after purchasing an additional 52,679 shares during the period. D. E. Shaw & Co. Inc. boosted its position in shares of KBR by 29.4% during the second quarter. D. E. Shaw & Co. Inc. now owns 2,286,779 shares of the construction company's stock worth $146,674,000 after buying an additional 520,207 shares during the period. Wolf Hill Capital Management LP grew its holdings in KBR by 37.1% in the 2nd quarter. Wolf Hill Capital Management LP now owns 1,877,497 shares of the construction company's stock worth $120,423,000 after buying an additional 507,800 shares in the last quarter. Bank of New York Mellon Corp increased its position in KBR by 6.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,778,765 shares of the construction company's stock valued at $114,090,000 after acquiring an additional 113,140 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in KBR by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,766,916 shares of the construction company's stock valued at $113,331,000 after acquiring an additional 196,693 shares during the period. Institutional investors and hedge funds own 97.02% of the company's stock.

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.