KBR, Inc. Expected to Post FY2024 Earnings of $3.26 Per Share (NYSE:KBR)

KBR, Inc. (NYSE:KBR) – Equities researchers at Zacks Research lifted their FY2024 earnings per share (EPS) estimates for KBR in a note issued to investors on Monday, October 14th. Zacks Research analyst R. Department now forecasts that the construction company will earn $3.26 per share for the year, up from their prior estimate of $3.25. The consensus estimate for KBR’s current full-year earnings is $3.25 per share.

KBR (NYSE:KBR) last released its quarterly earnings data on Wednesday, July 24th. The construction company reported $0.83 EPS 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 analysts’ expectations of $1.88 billion.

KBR has been the topic of a number of other reports. KeyCorp upped their price target on KBR from $73.00 to $75.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. DA Davidson restated a “buy” rating and set a $78.00 price target on shares of KBR in a research note on Tuesday, June 25th. StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. Finally, TD Cowen cut KBR from a “buy” rating to a “hold” rating and set a $72.00 price target on the stock. in a research note on Friday, September 6th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, KBR presently has an average rating of “Moderate Buy” and an average price target of $76.75.

KBR Stock Up 1.2 %

NYSE:KBR opened at $68.67 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.35. The stock’s fifty day moving average is $65.65 and its two-hundred day moving average is $65.13. KBR has a 52 week low of $49.37 and a 52 week high of $69.77. The stock has a market capitalization of $9.22 billion, a price-to-earnings ratio of -35.77, a price-to-earnings-growth ratio of 1.40 and a beta of 0.90.

KBR Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 16th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.87%. The ex-dividend date was Monday, September 16th. KBR’s dividend payout ratio (DPR) is presently -31.25%.

Insider Activity at KBR

In related news, insider Jalal Ibrahim sold 35,000 shares of the stock in a transaction on 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 transaction, the insider now owns 106,550 shares of the company’s stock, valued at $7,091,968. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.08% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On KBR

Several large investors have recently bought and sold shares of KBR. Jacobs Levy Equity Management Inc. grew its holdings in shares of KBR by 359.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,467,650 shares of the construction company’s stock worth $93,431,000 after purchasing an additional 1,148,503 shares during the last quarter. Empyrean Capital Partners LP purchased a new position in shares of KBR during the second quarter worth about $47,274,000. D. E. Shaw & Co. Inc. grew its holdings in shares of KBR by 29.4% during the second quarter. D. E. Shaw & Co. Inc. now owns 2,286,779 shares of the construction company’s stock worth $146,674,000 after purchasing an additional 520,207 shares during the last quarter. Wolf Hill Capital Management LP grew its holdings in shares of KBR by 37.1% during the second quarter. Wolf Hill Capital Management LP now owns 1,877,497 shares of the construction company’s stock worth $120,423,000 after purchasing an additional 507,800 shares during the last quarter. Finally, Davidson Kempner Capital Management LP grew its holdings in shares of KBR by 913.1% during the second quarter. Davidson Kempner Capital Management LP now owns 298,956 shares of the construction company’s stock worth $19,175,000 after purchasing an additional 269,448 shares during the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

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.