KBR (NYSE:KBR) Updates FY 2024 Earnings Guidance

KBR (NYSE:KBR) updated its FY 2024 earnings guidance on Wednesday. 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.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. TD Cowen downgraded shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective on the stock. in a research report on Friday, September 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 report on Tuesday, October 8th. Citigroup boosted their target price on shares of KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday. DA Davidson reissued a “buy” rating and set a $78.00 target price on shares of KBR in a research report on Tuesday, June 25th. Finally, StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, KBR currently has an average rating of “Moderate Buy” and an average target price of $78.00.

KBR Price Performance

NYSE:KBR traded down $3.11 during trading hours on Wednesday, reaching $67.29. 914,682 shares of the company were exchanged, compared to its average volume of 1,099,309. 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 stock’s 50-day moving average is $66.13 and its 200-day moving average is $65.32. The firm has a market cap of $9.04 billion, a PE ratio of -34.75, a price-to-earnings-growth ratio of 1.40 and a beta of 0.90. KBR has a twelve month low of $49.37 and a twelve month high of $71.38.

KBR (NYSE:KBR) last posted its quarterly earnings data on Wednesday, July 24th. The construction company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.88 billion. KBR had a net margin of 2.77% and a return on equity of 27.92%. On average, sell-side analysts anticipate that KBR will post 3.25 earnings per share for the current fiscal year.

KBR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be given 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 presently -31.25%.

Insider Transactions at KBR

In other news, insider Jalal Ibrahim sold 35,000 shares of the company’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 sale, the insider now owns 106,550 shares of the company’s stock, valued at $7,091,968. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.