KBR (NYSE:KBR) Posts Quarterly Earnings Results, Meets Expectations

KBR (NYSE:KBR) issued its earnings results on Wednesday. The construction company reported $0.84 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.84, Briefing.com reports. KBR had a return on equity of 27.92% and a net margin of 2.77%. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the previous year, the firm earned $0.75 EPS. KBR’s revenue was up 10.0% on a year-over-year basis. KBR updated its FY 2024 guidance to 3.200-3.300 EPS.

KBR Stock Down 0.5 %

KBR stock traded down $0.32 during midday trading on Friday, hitting $66.73. The company’s stock had a trading volume of 642,016 shares, compared to its average volume of 1,107,136. KBR has a 52-week low of $49.37 and a 52-week high of $71.38. The firm has a 50-day simple moving average of $66.19 and a 200-day simple moving average of $65.35. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $8.96 billion, a P/E ratio of -34.69, a PEG ratio of 1.40 and a beta of 0.90.

KBR Announces Dividend

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 issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Friday, December 13th. KBR’s dividend payout ratio (DPR) is currently -31.25%.

Analyst Ratings Changes

Several brokerages have recently commented on KBR. StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. DA Davidson upped their price objective on KBR from $78.00 to $84.00 and gave the company a “buy” rating in a research report on Friday. 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. TD Cowen cut shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective for the company. in a research report on Friday, September 6th. Finally, Citigroup increased their target price on shares of KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $78.75.

Insider Activity

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 value of $2,329,600.00. Following the sale, the insider now directly owns 106,550 shares in the company, valued at approximately $7,091,968. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.