Zacks Research Issues Optimistic Estimate for KBR Earnings

KBR, Inc. (NYSE:KBR) – Equities research analysts at Zacks Research boosted their FY2024 earnings per share (EPS) estimates for shares of KBR in a research report issued on Wednesday, November 13th. Zacks Research analyst R. Department now forecasts that the construction company will post earnings per share of $3.27 for the year, up from their prior estimate of $3.26. The consensus estimate for KBR’s current full-year earnings is $3.26 per share. Zacks Research also issued estimates for KBR’s Q4 2024 earnings at $0.83 EPS, Q3 2025 earnings at $1.03 EPS, Q4 2025 earnings at $0.99 EPS, FY2025 earnings at $3.84 EPS, Q2 2026 earnings at $1.20 EPS, Q3 2026 earnings at $1.30 EPS and FY2026 earnings at $4.69 EPS.

KBR (NYSE:KBR) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.84. KBR had a net margin of 4.35% and a return on equity of 28.87%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the company earned $0.75 earnings per share. The firm’s revenue was up 10.0% compared to the same quarter last year.

Several other analysts have also issued reports on the company. Citigroup upped their target price on KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. UBS Group increased their price target on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. DA Davidson boosted their price objective on shares of KBR from $78.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. Finally, TD Cowen downgraded KBR from a “buy” rating to a “hold” rating and set a $72.00 price target on the stock. in a research report on Friday, September 6th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $81.14.

KBR Trading Down 2.5 %

Shares of NYSE:KBR opened at $58.65 on Friday. The stock has a market capitalization of $7.81 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 1.39 and a beta of 0.89. The company’s 50-day moving average price is $66.43 and its two-hundred day moving average price is $65.80. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. KBR has a one year low of $50.45 and a one year high of $72.60.

Institutional Investors Weigh In On KBR

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Pier 88 Investment Partners LLC grew its stake in KBR by 25.9% during the third quarter. Pier 88 Investment Partners LLC now owns 50,710 shares of the construction company’s stock worth $3,303,000 after buying an additional 10,420 shares in the last quarter. Boston Partners raised its position in KBR by 49.4% during the first quarter. Boston Partners now owns 84,965 shares of the construction company’s stock valued at $5,410,000 after purchasing an additional 28,091 shares in the last quarter. Comerica Bank boosted its holdings in shares of KBR by 27.5% in the 1st quarter. Comerica Bank now owns 72,580 shares of the construction company’s stock valued at $4,620,000 after purchasing an additional 15,651 shares in the last quarter. Asset Management One Co. Ltd. acquired a new position in shares of KBR during the 3rd quarter worth $1,928,000. Finally, Versor Investments LP bought a new stake in shares of KBR during the 3rd quarter worth $1,954,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at KBR

In related news, insider Jalal Ibrahim sold 35,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 106,550 shares of the company’s stock, valued at approximately $7,091,968. This trade represents a 24.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.08% of the company’s stock.

KBR Announces Dividend

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. The ex-dividend date is Friday, December 13th. This represents a $0.60 annualized dividend and a yield of 1.02%. KBR’s dividend payout ratio (DPR) is presently 25.21%.

About KBR

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.