KBR (NYSE:KBR) Announces Quarterly Earnings Results

KBR (NYSE:KBR - Get Free Report) posted its quarterly earnings results on Wednesday. The construction company reported $0.84 earnings per share (EPS) 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 the consensus estimate of $1.95 billion. KBR had a return on equity of 27.92% and a net margin of 2.77%. The firm's quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 earnings per share. KBR updated its FY 2024 guidance to 3.200-3.300 EPS.

KBR Stock Down 0.5 %

NYSE KBR traded down $0.32 during trading hours on Friday, reaching $66.73. 898,255 shares of the company traded hands, compared to its average volume of 946,692. The stock has a market capitalization of $8.88 billion, a PE ratio of 45.39, a PEG ratio of 1.45 and a beta of 0.90. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.35. KBR has a 12 month low of $49.37 and a 12 month high of $71.38. The company has a 50 day moving average of $66.22 and a two-hundred day moving average of $65.36.

KBR Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.60 annualized dividend and a yield of 0.90%. KBR's dividend payout ratio is presently 40.82%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on KBR shares. 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. Citigroup upped their target price on KBR from $76.00 to $82.00 and gave the stock a "buy" rating in a research report on Tuesday. StockNews.com downgraded KBR from a "strong-buy" rating to a "buy" rating in a report on Sunday, October 6th. TD Cowen lowered KBR from a "buy" rating to a "hold" rating and set a $72.00 price target on the stock. in a research report on Friday, September 6th. Finally, KeyCorp increased their price objective on shares of KBR from $73.00 to $75.00 and gave the company an "overweight" rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, KBR presently has a consensus rating of "Moderate Buy" and an average target price of $78.75.

Insider Transactions at KBR

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of the business's stock in a transaction on 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 in the company, valued at $7,091,968. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.08% of the company's stock.

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.