Brokerages Expect KBR, Inc. (NYSE:KBR) Will Post Earnings of $0.61 Per Share

Wall Street brokerages forecast that KBR, Inc. (NYSE:KBRGet Rating) will post earnings of $0.61 per share for the current quarter, Zacks reports. Three analysts have made estimates for KBR’s earnings. The lowest EPS estimate is $0.57 and the highest is $0.66. KBR reported earnings of $0.58 per share in the same quarter last year, which indicates a positive year over year growth rate of 5.2%. The firm is scheduled to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that KBR will report full-year earnings of $2.60 per share for the current financial year, with EPS estimates ranging from $2.53 to $2.67. For the next year, analysts forecast that the firm will report earnings of $3.15 per share, with EPS estimates ranging from $2.90 to $3.33. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow KBR.

KBR (NYSE:KBRGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The construction company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.05. The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.72 billion. KBR had a positive return on equity of 23.14% and a negative net margin of 1.32%. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.48 EPS.

A number of brokerages recently weighed in on KBR. KeyCorp raised their target price on shares of KBR from $55.00 to $66.00 in a report on Thursday, April 14th. TheStreet lowered shares of KBR from a “b+” rating to a “c” rating in a research note on Wednesday, May 11th. DA Davidson upgraded shares of KBR from a “neutral” rating to a “buy” rating in a research report on Friday, March 4th. StockNews.com initiated coverage on shares of KBR in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Truist Financial lifted their price target on shares of KBR from $57.00 to $64.00 in a report on Friday, March 11th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, KBR has a consensus rating of “Buy” and a consensus price target of $55.50.

Shares of KBR stock traded up $0.01 during trading on Friday, reaching $46.44. The company had a trading volume of 4,081 shares, compared to its average volume of 1,481,215. The company has a market cap of $6.48 billion, a price-to-earnings ratio of -62.33 and a beta of 1.28. KBR has a fifty-two week low of $36.71 and a fifty-two week high of $56.94. The firm’s fifty day moving average is $51.88 and its 200-day moving average is $48.04. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.21 and a current ratio of 1.21.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Tuesday, March 15th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Monday, March 14th. This is a positive change from KBR’s previous quarterly dividend of $0.11. KBR’s payout ratio is currently -64.00%.

In other news, insider Gregory Sean Conlon sold 3,737 shares of the firm’s stock in a transaction that occurred on Monday, March 14th. The shares were sold at an average price of $53.74, for a total transaction of $200,826.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Douglas Nick Kelly sold 1,661 shares of KBR stock in a transaction on Friday, February 25th. The stock was sold at an average price of $48.34, for a total transaction of $80,292.74. The disclosure for this sale can be found here. Corporate insiders own 0.91% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in KBR by 0.3% in the first quarter. Vanguard Group Inc. now owns 13,250,269 shares of the construction company’s stock valued at $725,188,000 after purchasing an additional 39,673 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of KBR by 1.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,994,026 shares of the construction company’s stock valued at $333,055,000 after acquiring an additional 109,052 shares in the last quarter. Frontier Capital Management Co. LLC raised its holdings in shares of KBR by 5.8% during the first quarter. Frontier Capital Management Co. LLC now owns 4,696,565 shares of the construction company’s stock valued at $257,043,000 after acquiring an additional 258,039 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of KBR by 97.9% during the third quarter. Franklin Resources Inc. now owns 4,246,184 shares of the construction company’s stock valued at $167,299,000 after acquiring an additional 2,100,472 shares in the last quarter. Finally, Impactive Capital LP raised its holdings in shares of KBR by 16.4% during the third quarter. Impactive Capital LP now owns 3,949,885 shares of the construction company’s stock valued at $155,625,000 after acquiring an additional 556,378 shares in the last quarter.

About KBR (Get Rating)

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. The company 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.

Featured Stories

Get a free copy of the Zacks research report on KBR (KBR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for KBR (NYSE:KBR)

Receive News & Ratings for KBR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KBR and related companies with MarketBeat.com's FREE daily email newsletter.