KBR (NYSE:KBR) Announces Quarterly Earnings Results, Meets Expectations

KBR (NYSE:KBR) announced its quarterly earnings results on Wednesday. The construction company reported $0.84 EPS for the quarter, meeting the consensus estimate of $0.84, Briefing.com reports. 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 27.92% and a net margin of 2.77%. KBR’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.75 EPS. KBR updated its FY 2024 guidance to 3.200-3.300 EPS.

KBR Trading Down 0.4 %

Shares of KBR stock traded down $0.30 on Friday, reaching $66.75. 898,124 shares of the stock were exchanged, compared to its average volume of 1,109,067. The stock has a market cap of $8.96 billion, a PE ratio of -34.77, a P/E/G ratio of 1.40 and a beta of 0.90. 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. The stock has a 50 day moving average price of $66.19 and a 200 day moving average price of $65.35.

KBR Dividend Announcement

The company also recently announced 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 0.90%. KBR’s payout ratio is currently -31.25%.

Analyst Ratings Changes

Several brokerages recently commented on KBR. Citigroup boosted their price target on KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday. 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. KeyCorp lifted their price objective on KBR from $73.00 to $75.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. Finally, DA Davidson lifted their price objective on KBR from $78.00 to $84.00 and gave the company a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $78.75.

Insider Transactions at KBR

In other news, insider Jalal Ibrahim sold 35,000 shares of the business’s stock in a transaction 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 sale, the insider now owns 106,550 shares in the company, valued at $7,091,968. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.08% of the stock is currently owned by corporate 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.