KBR (KBR) Scheduled to Post Quarterly Earnings on Wednesday

KBR (NYSE:KBR) will issue its quarterly earnings data before the market opens on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.83 per share for the quarter. KBR has set its FY 2024 guidance at 3.150-3.300 EPS and its FY24 guidance at $3.15-$3.30 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

KBR (NYSE:KBR) last posted its quarterly earnings results on Wednesday, July 24th. The construction company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.04. KBR had a net margin of 2.77% and a return on equity of 27.92%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.88 billion. On average, analysts expect KBR to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

KBR Trading Up 0.8 %

Shares of KBR opened at $71.08 on Tuesday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.10 and a current ratio of 1.10. KBR has a 52-week low of $49.37 and a 52-week high of $71.11. The firm has a market cap of $9.54 billion, a price-to-earnings ratio of -36.95, a PEG ratio of 1.40 and a beta of 0.90. The business’s fifty day moving average is $65.89 and its 200-day moving average is $65.23.

KBR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Friday, December 13th. KBR’s dividend payout ratio (DPR) is presently -31.25%.

Insiders Place Their Bets

In other news, insider Jalal Ibrahim sold 35,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now owns 106,550 shares of the company’s stock, valued at approximately $7,091,968. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.08% of the company’s stock.

Analyst Upgrades and Downgrades

KBR has been the subject of a number of research reports. DA Davidson reissued a “buy” rating and issued a $78.00 target price on shares of KBR in a report on Tuesday, June 25th. StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. KeyCorp boosted their target price on shares of KBR from $73.00 to $75.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Finally, TD Cowen cut KBR from a “buy” rating to a “hold” rating and set a $72.00 price target for the company. in a research note on Friday, September 6th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $76.75.

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.