KBR (KBR) Set to Announce Earnings on Tuesday

KBR (NYSE:KBR) will be posting its quarterly earnings results before the market opens on Tuesday, April 30th. Analysts expect KBR to post earnings of $0.69 per share for the quarter. KBR has set its FY 2024 guidance at 3.100-3.300 EPS and its FY24 guidance at $3.10 to $3.30 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

KBR (NYSE:KBR) last released its earnings results on Tuesday, February 20th. The construction company reported $0.69 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.69. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.78 billion. KBR had a positive return on equity of 25.08% and a negative net margin of 3.81%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 EPS. On average, analysts expect KBR to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

KBR Price Performance

Shares of KBR opened at $65.30 on Friday. The business’s 50-day moving average is $61.79 and its two-hundred day moving average is $56.92. The company has a market capitalization of $8.79 billion, a P/E ratio of -31.85, a P/E/G ratio of 1.38 and a beta of 0.95. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.05 and a current ratio of 1.05. KBR has a fifty-two week low of $49.37 and a fifty-two week high of $65.87.

KBR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were given a dividend of $0.15 per share. This is an increase from KBR’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, March 14th. KBR’s dividend payout ratio (DPR) is currently -29.27%.

Insiders Place Their Bets

In related news, EVP Jennifer Myles sold 8,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $58.95, for a total transaction of $471,600.00. Following the completion of the transaction, the executive vice president now owns 38,524 shares in the company, valued at $2,270,989.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.08% of the company’s stock.

Analyst Upgrades and Downgrades

KBR has been the topic of several recent analyst reports. Stifel Nicolaus increased their target price on shares of KBR from $80.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Citigroup lifted their price objective on KBR from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. StockNews.com upgraded KBR from a “hold” rating to a “buy” rating in a report on Wednesday, March 20th. UBS Group lowered their target price on KBR from $65.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, February 2nd. Finally, KeyCorp boosted their target price on KBR from $63.00 to $65.00 and gave the stock an “overweight” rating in a report on Wednesday, February 21st. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $73.43.

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.