What is Zacks Research’s Forecast for KBR FY2024 Earnings?

KBR, Inc. (NYSE:KBR) – Research analysts at Zacks Research raised their FY2024 earnings estimates for shares of KBR in a research note issued to investors on Wednesday, November 13th. Zacks Research analyst R. Department now forecasts that the construction company will earn $3.27 per share for the year, up from their previous estimate of $3.26. The consensus estimate for KBR’s current full-year earnings is $3.26 per share. Zacks Research also issued estimates for KBR’s Q4 2024 earnings at $0.83 EPS, Q3 2025 earnings at $1.03 EPS, Q4 2025 earnings at $0.99 EPS, FY2025 earnings at $3.84 EPS, Q2 2026 earnings at $1.20 EPS, Q3 2026 earnings at $1.30 EPS and FY2026 earnings at $4.69 EPS.

KBR has been the subject of several other research reports. UBS Group boosted their price objective on KBR from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. DA Davidson upped their price objective on KBR from $78.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. TD Cowen cut shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective on the stock. in a research note on Friday, September 6th. StockNews.com cut shares of KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. Finally, KeyCorp raised their price target on shares of KBR from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.14.

KBR Price Performance

NYSE:KBR opened at $58.65 on Friday. The firm’s fifty day moving average is $66.43 and its two-hundred day moving average is $65.81. The firm has a market cap of $7.81 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 1.39 and a beta of 0.89. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. KBR has a one year low of $50.45 and a one year high of $72.60.

KBR (NYSE:KBR) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, meeting the consensus estimate of $0.84. KBR had a net margin of 4.35% and a return on equity of 28.87%. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the firm earned $0.75 EPS. The business’s revenue for the quarter was up 10.0% on a year-over-year basis.

Institutional Trading of KBR

Several large investors have recently made changes to their positions in KBR. True Wealth Design LLC acquired a new stake in KBR during the 3rd quarter worth $26,000. Larson Financial Group LLC raised its position in shares of KBR by 2,029.2% in the second quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $33,000 after buying an additional 487 shares during the last quarter. CWM LLC lifted its stake in shares of KBR by 39.4% in the second quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after buying an additional 231 shares in the last quarter. Quarry LP lifted its stake in KBR by 454.7% in the 2nd quarter. Quarry LP now owns 821 shares of the construction company’s stock worth $53,000 after purchasing an additional 673 shares in the last quarter. Finally, Eastern Bank acquired a new position in shares of KBR during the 3rd quarter worth approximately $65,000. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the completion of the transaction, the insider now owns 106,550 shares of the company’s stock, valued at $7,091,968. This represents a 24.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.08% of the company’s stock.

KBR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Friday, December 13th. KBR’s payout ratio is 25.21%.

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.