KBR (NYSE:KBR) Releases FY 2024 Earnings Guidance

KBR (NYSE:KBR - Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 3.200-3.300 for the period, compared to the consensus 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.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. KeyCorp upped their price objective on KBR from $73.00 to $75.00 and gave the company an "overweight" rating in a research note on Tuesday, October 8th. Citigroup lifted their price target on shares of KBR from $76.00 to $82.00 and gave the stock a "buy" rating in a report on Tuesday. StockNews.com downgraded KBR from a "strong-buy" rating to a "buy" rating in a report on Sunday, October 6th. DA Davidson reaffirmed a "buy" rating and set a $78.00 target price on shares of KBR in a report on Tuesday, June 25th. Finally, TD Cowen downgraded KBR from a "buy" rating to a "hold" rating and set a $72.00 price objective for the company. in a research report on Friday, September 6th. One investment 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, the stock has an average rating of "Moderate Buy" and a consensus target price of $78.00.

KBR Trading Down 1.0 %

NYSE KBR opened at $70.40 on Wednesday. The stock has a market capitalization of $9.45 billion, a P/E ratio of -36.67, a P/E/G ratio of 1.40 and a beta of 0.90. The business has a 50 day simple moving average of $66.13 and a 200 day simple moving average of $65.32. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.10 and a quick ratio of 1.10. KBR has a one year low of $49.37 and a one year high of $71.38.

KBR (NYSE:KBR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.79 by $0.04. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.88 billion. KBR had a net margin of 2.77% and a return on equity of 27.92%. Research analysts expect that KBR will post 3.25 earnings per share for the current year.

KBR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.85%. KBR's dividend payout ratio (DPR) is presently -31.25%.

Insider Activity

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of the 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 transaction, the insider now owns 106,550 shares in the company, valued at approximately $7,091,968. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.08% of the stock is currently owned by company insiders.

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.