KBR (NYSE:KBR) Issues FY 2024 Earnings Guidance

KBR (NYSE:KBR) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 3.200-3.300 for the period, compared to the consensus earnings per share 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 Analyst Weigh In

KBR has been the subject of several research analyst reports. Citigroup lifted their price objective on shares of KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday. StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. KeyCorp increased their price objective on shares of KBR from $73.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, TD Cowen lowered KBR from a “buy” rating to a “hold” rating and set a $72.00 target price for the company. in a research report on Friday, September 6th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, KBR presently has a consensus rating of “Moderate Buy” and an average price target of $78.00.

KBR Stock Up 0.1 %

Shares of KBR traded up $0.10 on Friday, reaching $67.15. The company’s stock had a trading volume of 44,916 shares, compared to its average volume of 1,104,945. KBR has a twelve month low of $49.37 and a twelve month high of $71.38. The stock has a market capitalization of $9.02 billion, a PE ratio of -34.92, a PEG ratio of 1.40 and a beta of 0.90. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.35. The firm has a fifty day moving average of $66.19 and a 200-day moving average of $65.35.

KBR (NYSE:KBR) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, hitting the consensus estimate of $0.84. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. KBR had a return on equity of 27.92% and a net margin of 2.77%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.75 earnings per share. Equities analysts predict that KBR will post 3.25 EPS for the current year.

KBR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Friday, December 13th. KBR’s dividend payout ratio is -31.25%.

Insider Transactions at KBR

In related news, insider Jalal Ibrahim sold 35,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the transaction, the insider now directly owns 106,550 shares of the company’s stock, valued at $7,091,968. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company 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.