KBR (NYSE:KBR) Updates FY 2024 Earnings Guidance

KBR (NYSE:KBR - Get Free Report) updated its FY 2024 earnings guidance on Wednesday. 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.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. TD Cowen downgraded shares of KBR from a "buy" rating to a "hold" rating and set a $72.00 price target on the stock. in a research note on Friday, September 6th. Citigroup lifted their price target on shares of KBR from $76.00 to $82.00 and gave the company a "buy" rating in a report on Tuesday. KeyCorp lifted their price target on shares of KBR from $73.00 to $75.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. StockNews.com cut shares of KBR from a "strong-buy" rating to a "buy" rating in a report on Sunday, October 6th. Finally, DA Davidson restated a "buy" rating and set a $78.00 target price on shares of KBR in a report on Tuesday, June 25th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, KBR currently has an average rating of "Moderate Buy" and an average price target of $78.00.

KBR Stock Down 4.5 %

KBR stock traded down $3.15 during mid-day trading on Wednesday, reaching $67.25. The stock had a trading volume of 2,815,863 shares, compared to its average volume of 1,109,069. The company has a market capitalization of $9.03 billion, a price-to-earnings ratio of -35.03, a PEG ratio of 1.40 and a beta of 0.90. The company has a 50-day moving average price of $66.13 and a two-hundred day moving average price of $65.32. KBR has a one year low of $49.37 and a one year high of $71.38. 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 (NYSE:KBR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.04. The company had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.88 billion. KBR had a net margin of 2.77% and a return on equity of 27.92%. On average, analysts expect that KBR will post 3.25 EPS for the current fiscal year.

KBR Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors 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 0.89%. The ex-dividend date of this dividend is Friday, December 13th. KBR's payout ratio is -31.25%.

Insiders Place Their Bets

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the insider now owns 106,550 shares of the company's stock, valued at approximately $7,091,968. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.