KBR (KBR) Set to Announce Earnings on Tuesday

KBR (NYSE:KBRGet Free Report) will post its quarterly earnings results before the market opens on Tuesday, February 20th. Analysts expect KBR to post earnings of $0.68 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

KBR Stock Performance

NYSE KBR opened at $53.97 on Tuesday. The business has a 50 day simple moving average of $53.75 and a two-hundred day simple moving average of $56.59. KBR has a 1-year low of $49.37 and a 1-year high of $65.87. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $7.29 billion, a PE ratio of -34.16, a P/E/G ratio of 1.28 and a beta of 0.94.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. KeyCorp initiated coverage on shares of KBR in a report on Wednesday, January 10th. They issued an “overweight” rating and a $63.00 target price for the company. 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. The Goldman Sachs Group decreased their price target on KBR from $75.00 to $66.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. StockNews.com lowered KBR from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Finally, Citigroup boosted their target price on shares of KBR from $62.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, January 26th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $67.71.

Check Out Our Latest Stock Report on KBR

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in KBR during the fourth quarter valued at about $84,561,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of KBR by 9,478.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,303,373 shares of the construction company’s stock valued at $71,334,000 after buying an additional 1,289,765 shares in the last quarter. Alyeska Investment Group L.P. grew its position in shares of KBR by 8,845.0% in the 1st quarter. Alyeska Investment Group L.P. now owns 813,372 shares of the construction company’s stock worth $44,776,000 after buying an additional 804,279 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of KBR during the 1st quarter worth approximately $22,631,000. Finally, Point72 Asset Management L.P. purchased a new stake in KBR during the fourth quarter valued at approximately $10,835,000.

About KBR

(Get Free Report)

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. The company 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.

Further Reading

Earnings History for KBR (NYSE:KBR)

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