Equities Analysts Issue Forecasts for KBR, Inc.’s FY2024 Earnings (NYSE:KBR)

KBR, Inc. (NYSE:KBR) – Analysts at Zacks Research upped their FY2024 EPS estimates for KBR in a research note issued on Monday, October 14th. Zacks Research analyst R. Department now anticipates that the construction company will post earnings per share of $3.26 for the year, up from their prior forecast of $3.25. The consensus estimate for KBR’s current full-year earnings is $3.25 per share.

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

KBR Stock Performance

Shares of KBR stock opened at $67.87 on Tuesday. KBR has a 12-month low of $49.37 and a 12-month high of $69.77. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market capitalization of $9.11 billion, a price-to-earnings ratio of -35.35, a price-to-earnings-growth ratio of 1.40 and a beta of 0.90. The business has a 50 day simple moving average of $65.54 and a 200 day simple moving average of $65.10.

KBR (NYSE:KBR) last issued its quarterly earnings data on Wednesday, July 24th. The construction company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.88 billion. KBR had a return on equity of 27.92% and a net margin of 2.77%.

KBR Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, September 16th. This represents a $0.60 annualized dividend and a yield of 0.88%. KBR’s dividend payout ratio (DPR) is presently -31.25%.

Insider Activity

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of KBR 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 trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.08% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On KBR

A number of large investors have recently bought and sold shares of KBR. Vanguard Group Inc. increased its holdings in shares of KBR by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 13,044,986 shares of the construction company’s stock valued at $722,823,000 after acquiring an additional 52,679 shares during the last quarter. D. E. Shaw & Co. Inc. raised its holdings in KBR by 29.4% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,286,779 shares of the construction company’s stock worth $146,674,000 after acquiring an additional 520,207 shares during the period. Wolf Hill Capital Management LP lifted its position in KBR by 37.1% during the 2nd quarter. Wolf Hill Capital Management LP now owns 1,877,497 shares of the construction company’s stock worth $120,423,000 after acquiring an additional 507,800 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in KBR by 6.8% during the second quarter. Bank of New York Mellon Corp now owns 1,778,765 shares of the construction company’s stock valued at $114,090,000 after acquiring an additional 113,140 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of KBR by 12.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,766,916 shares of the construction company’s stock valued at $113,331,000 after purchasing an additional 196,693 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors.

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.