FY2024 EPS Estimates for KBR, Inc. Raised by DA Davidson (NYSE:KBR)

KBR, Inc. (NYSE:KBR) – Research analysts at DA Davidson boosted their FY2024 earnings per share estimates for shares of KBR in a report issued on Wednesday, May 1st. DA Davidson analyst B. Thielman now forecasts that the construction company will post earnings per share of $3.23 for the year, up from their previous forecast of $3.17. DA Davidson currently has a “Buy” rating and a $78.00 target price 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 EPS for the quarter, beating the consensus estimate of $0.70 by $0.07. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.78 billion. KBR had a negative net margin of 3.65% and a positive return on equity of 26.14%. KBR’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.67 earnings per share.

Several other research analysts have also issued reports on KBR. KeyCorp increased their target price on KBR from $63.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. Citigroup upped their target price on shares of KBR from $66.00 to $72.00 and gave the company a “buy” rating in a report on Monday, April 22nd. StockNews.com raised shares of KBR from a “hold” rating to a “buy” rating in a report on Wednesday, March 20th. UBS Group dropped their price objective on KBR from $65.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, February 2nd. Finally, Truist Financial raised their target price on shares of KBR from $72.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $73.86.

KBR Trading Up 0.4 %

NYSE:KBR opened at $66.78 on Friday. The company has a fifty day moving average of $62.43 and a 200 day moving average of $57.08. The firm has a market capitalization 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 company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 1.30. KBR has a 52 week low of $49.37 and a 52 week high of $66.98.

Institutional Trading of KBR

A number of hedge funds have recently bought and sold shares of the business. Rise Advisors LLC purchased a new stake in shares of KBR in the first quarter valued at approximately $25,000. CWM LLC increased its stake in shares of KBR by 113.6% in the 3rd quarter. CWM LLC now owns 814 shares of the construction company’s stock worth $48,000 after acquiring an additional 433 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of KBR in the 4th quarter worth $64,000. Headlands Technologies LLC acquired a new position in shares of KBR during the 4th quarter valued at about $65,000. Finally, Anchor Investment Management LLC acquired a new position in shares of KBR during the 4th quarter valued at about $69,000. Institutional investors and hedge funds own 97.02% of the company’s stock.

Insider Buying and Selling

In other news, EVP Jennifer Myles sold 8,000 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $58.95, for a total value of $471,600.00. Following the completion of the sale, the executive vice president now directly owns 38,524 shares in the company, valued at $2,270,989.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.08% of the stock is owned by company insiders.

KBR Increases Dividend

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

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.