KBR (NYSE:KBR) Updates FY 2024 Earnings Guidance

KBR (NYSE:KBR) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 3.100-3.300 for the period, compared to the consensus earnings per share estimate of 3.210. The company issued revenue guidance of $7.4 billion-$7.7 billion, compared to the consensus revenue estimate of $7.5 billion.

Wall Street Analyst Weigh In

Several brokerages have commented on KBR. Citigroup increased their target price on KBR from $66.00 to $72.00 and gave the company a buy rating in a research note on Monday, April 22nd. Truist Financial increased their target price on KBR from $72.00 to $90.00 and gave the company a buy rating in a research note on Tuesday, April 9th. Stifel Nicolaus increased their target price on KBR from $80.00 to $83.00 and gave the company a buy rating in a research note on Tuesday, April 23rd. UBS Group cut their target price on KBR from $65.00 to $63.00 and set a buy rating on the stock in a research note on Friday, February 2nd. Finally, KeyCorp increased their target price on KBR from $63.00 to $65.00 and gave the company an overweight rating in a research note on Wednesday, February 21st. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of Buy and a consensus target price of $73.43.

KBR Trading Up 1.0 %

KBR opened at $65.98 on Tuesday. The company’s 50 day moving average is $62.01 and its 200 day moving average is $56.92. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.05 and a quick ratio of 1.05. KBR has a 12-month low of $49.37 and a 12-month high of $66.20.

KBR (NYSE:KBR) last issued its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.69 earnings per share for the quarter, hitting the consensus estimate of $0.69. KBR had a negative net margin of 3.81% and a positive return on equity of 25.08%. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter last year, the company posted $0.69 EPS. The company’s revenue was up 7.6% compared to the same quarter last year. As a group, equities analysts expect that KBR will post 3.19 earnings per share for the current fiscal year.

KBR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were given a $0.15 dividend. This is a boost from KBR’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.60 dividend on an annualized basis and a yield of 0.91%. KBR’s dividend payout ratio is presently -29.27%.

Insider Transactions at KBR

In other KBR news, EVP Jennifer Myles sold 8,000 shares of KBR stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $58.95, for a total transaction of $471,600.00. Following the transaction, the executive vice president now owns 38,524 shares of the company’s stock, valued at $2,270,989.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.08% of the company’s stock.

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.