KBR (KBR) Set to Announce Quarterly Earnings on Wednesday

KBR (NYSE:KBR) will be releasing its earnings data before the market opens on Wednesday, October 23rd. Analysts expect KBR to post earnings of $0.83 per share for the quarter. KBR has set its FY 2024 guidance at 3.150-3.300 EPS and its FY24 guidance at $3.15-$3.30 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

KBR (NYSE:KBR) last issued its earnings results on Wednesday, July 24th. The construction company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.04. KBR had a return on equity of 27.92% and a net margin of 2.77%. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.88 billion. On average, analysts expect KBR to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

KBR Trading Down 2.3 %

NYSE KBR opened at $67.87 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.35. KBR has a twelve month low of $49.37 and a twelve month high of $69.77. The company has a market cap 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’s fifty day moving average is $65.54 and its 200 day moving average is $65.10.

KBR Dividend Announcement

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

Insider Buying and Selling

In other news, insider Jalal Ibrahim sold 35,000 shares of KBR stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $66.56, for a total value of $2,329,600.00. Following the completion of 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 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.08% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on KBR shares. KeyCorp raised their price objective on KBR from $73.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. TD Cowen downgraded KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective on the stock. in a report on Friday, September 6th. Finally, DA Davidson reaffirmed a “buy” rating and set a $78.00 target price on shares of KBR in a research report on Tuesday, June 25th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $76.75.

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.