DA Davidson Weighs in on KBR, Inc.’s Q2 2024 Earnings (NYSE:KBR)

KBR, Inc. (NYSE:KBR) – Equities researchers at DA Davidson issued their Q2 2024 EPS estimates for shares of KBR in a report released on Wednesday, May 1st. DA Davidson analyst B. Thielman forecasts that the construction company will post earnings per share of $0.77 for the quarter. DA Davidson has a “Buy” rating and a $78.00 price target on the stock. The consensus estimate for KBR’s current full-year earnings is $3.20 per share.

KBR (NYSE:KBR) last issued its quarterly earnings data on Tuesday, April 30th. The construction company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. KBR had a positive return on equity of 26.14% and a negative net margin of 3.65%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the previous year, the firm posted $0.67 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis.

A number of other research analysts have also recently weighed in on KBR. Truist Financial lifted their price objective on shares of KBR from $72.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Citigroup boosted their price target on shares of KBR from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. KeyCorp increased their price objective on KBR from $63.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday, February 21st. Stifel Nicolaus lifted their price objective on KBR from $80.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Finally, StockNews.com upgraded shares of KBR from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $73.86.

KBR Stock Performance

NYSE KBR opened at $66.78 on Thursday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.10 and a quick ratio of 1.05. The company has a market cap of $8.97 billion, a P/E ratio of -34.78, a P/E/G ratio of 1.39 and a beta of 0.92. The stock has a 50-day moving average of $62.43 and a two-hundred day moving average of $57.08. KBR has a 1-year low of $49.37 and a 1-year high of $66.98.

Hedge Funds Weigh In On KBR

Several large investors have recently bought and sold shares of KBR. Central Pacific Bank Trust Division acquired a new stake in shares of KBR during the first quarter worth about $138,000. Fifth Lane Capital LP purchased a new position in KBR during the 1st quarter worth approximately $374,000. Capstone Investment Advisors LLC increased its position in KBR by 465.3% during the first quarter. Capstone Investment Advisors LLC now owns 21,080 shares of the construction company’s stock worth $1,342,000 after buying an additional 17,351 shares during the period. BNP Paribas Financial Markets lifted its stake in KBR by 1.2% in the first quarter. BNP Paribas Financial Markets now owns 95,824 shares of the construction company’s stock valued at $6,100,000 after buying an additional 1,143 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in KBR by 2.8% in the first quarter. Sequoia Financial Advisors LLC now owns 16,443 shares of the construction company’s stock valued at $1,047,000 after buying an additional 449 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

Insider Activity at KBR

In other KBR news, EVP Jennifer Myles sold 8,000 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 38,524 shares of the company’s stock, valued at $2,270,989.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.08% of the stock is currently owned by corporate insiders.

KBR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were paid a dividend of $0.15 per share. This is a boost from KBR’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 14th. This represents a $0.60 annualized dividend and a yield of 0.90%. KBR’s payout ratio is presently -31.25%.

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.