Zacks Research Has Positive Outlook of KBR FY2024 Earnings

KBR, Inc. (NYSE:KBR - Free Report) - Equities researchers at Zacks Research lifted their FY2024 earnings per share (EPS) estimates for shares of KBR in a research report issued to clients and investors on Wednesday, November 13th. Zacks Research analyst R. Department now forecasts that the construction company will post earnings per share of $3.27 for the year, up from their prior forecast of $3.26. The consensus estimate for KBR's current full-year earnings is $3.26 per share. Zacks Research also issued estimates for KBR's Q4 2024 earnings at $0.83 EPS, Q3 2025 earnings at $1.03 EPS, Q4 2025 earnings at $0.99 EPS, FY2025 earnings at $3.84 EPS, Q2 2026 earnings at $1.20 EPS, Q3 2026 earnings at $1.30 EPS and FY2026 earnings at $4.69 EPS.

A number of other research analysts have also commented on the company. KeyCorp increased their price objective on KBR from $75.00 to $78.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. StockNews.com lowered KBR from a "strong-buy" rating to a "buy" rating in a report on Sunday, October 6th. DA Davidson raised their target price on KBR from $78.00 to $84.00 and gave the company a "buy" rating in a report on Friday, October 25th. Citigroup raised their target price on KBR from $76.00 to $82.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Finally, TD Cowen lowered 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 investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.14.

KBR Stock Down 2.5 %

Shares of NYSE KBR traded down $1.51 during mid-day trading on Friday, reaching $58.65. 4,061,325 shares of the company traded hands, compared to its average volume of 1,149,900. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market cap of $7.81 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 1.39 and a beta of 0.89. The company's fifty day moving average is $66.43 and its two-hundred day moving average is $65.80. KBR has a fifty-two week low of $50.45 and a fifty-two week high of $72.60.

KBR (NYSE:KBR - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, meeting analysts' consensus estimates of $0.84. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. The firm's revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 EPS.

Hedge Funds Weigh In On KBR

Several hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp lifted its position in shares of KBR by 0.7% during the 3rd quarter. State Street Corp now owns 4,016,324 shares of the construction company's stock worth $262,185,000 after buying an additional 29,833 shares during the period. D. E. Shaw & Co. Inc. raised its position in KBR by 29.4% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,286,779 shares of the construction company's stock valued at $146,674,000 after purchasing an additional 520,207 shares during the last quarter. Wolf Hill Capital Management LP raised its position 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 valued at $120,423,000 after purchasing an additional 507,800 shares during the last quarter. Bank of New York Mellon Corp raised 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 purchasing an additional 113,140 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised 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 purchasing an additional 196,693 shares during the last quarter. Institutional investors own 97.02% of the company's stock.

Insider Transactions at KBR

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 transaction of $2,329,600.00. Following the completion of the transaction, the insider now owns 106,550 shares in the company, valued at $7,091,968. This trade represents a 24.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.08% of the stock is owned by insiders.

KBR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, December 13th. KBR's payout ratio is presently 25.21%.

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.