KBR, Inc. (NYSE:KBR) Plans Quarterly Dividend of $0.08

KBR, Inc. (NYSE:KBR) announced a quarterly dividend on Wednesday, August 21st, Zacks reports. Investors of record on Monday, September 16th will be given a dividend of 0.08 per share by the construction company on Tuesday, October 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Friday, September 13th.

KBR has a dividend payout ratio of 22.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect KBR to earn $1.96 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 16.3%.

Shares of NYSE:KBR opened at $25.77 on Thursday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.78. The company’s 50-day moving average price is $25.44 and its 200 day moving average price is $22.88. The company has a market cap of $3.71 billion, a PE ratio of 16.84, a P/E/G ratio of 1.55 and a beta of 1.41. KBR has a fifty-two week low of $13.90 and a fifty-two week high of $26.84.

KBR (NYSE:KBR) last posted its earnings results on Wednesday, July 31st. The construction company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. KBR had a net margin of 3.52% and a return on equity of 13.09%. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the firm earned $0.35 EPS. KBR’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, equities analysts anticipate that KBR will post 1.68 EPS for the current year.

A number of equities analysts recently issued reports on the company. ValuEngine lowered KBR from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Cowen reaffirmed a “buy” rating and set a $31.00 target price on shares of KBR in a research note on Thursday, August 8th. Zacks Investment Research downgraded KBR from a “strong-buy” rating to a “hold” rating and set a $29.00 target price on the stock. in a research note on Tuesday, July 9th. SunTrust Banks began coverage on KBR in a research note on Monday, July 22nd. They set a “buy” rating and a $37.00 target price on the stock. Finally, Bank of America reaffirmed a “buy” rating and set a $30.00 target price on shares of KBR in a research note on Thursday, August 22nd. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $27.80.

In other KBR news, insider William Byron Jr. Bright sold 5,926 shares of KBR stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $24.49, for a total transaction of $145,127.74. Following the sale, the insider now owns 49,380 shares of the company’s stock, valued at approximately $1,209,316.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 6,352 shares of company stock worth $156,310 in the last ninety days. 0.92% of the stock is owned by company insiders.

KBR Company Profile

KBR, Inc provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction. The Government Services segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for government agencies in the United States, the United Kingdom, and Australia.

Further Reading: Outstanding Shares and The Effect on Share Price

Dividend History for KBR (NYSE:KBR)

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