KBR (NYSE:KBR) Releases FY24 Earnings Guidance

KBR (NYSE:KBR) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $3.10-$3.30 for the period, compared to the consensus estimate of $3.21. The company issued revenue guidance of $7.40-$7.70 billion, compared to the consensus revenue estimate of $7.52 billion. KBR also updated its FY 2024 guidance to 3.100-3.300 EPS.

Analyst Ratings Changes

Several research firms recently 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 note on Wednesday, February 21st. UBS Group dropped their target price on shares of KBR from $65.00 to $63.00 and set a buy rating for the company in a report on Friday, February 2nd. Truist Financial raised their target price on shares of KBR from $72.00 to $90.00 and gave the stock a buy rating in a research report on Tuesday, April 9th. StockNews.com upgraded shares of KBR from a hold rating to a buy rating in a report on Wednesday, March 20th. Finally, Stifel Nicolaus upped their target price on KBR from $80.00 to $83.00 and gave the company a buy rating in a research report on Tuesday, April 23rd. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of Buy and a consensus target price of $73.43.

KBR Price Performance

Shares of NYSE:KBR traded down $1.16 during trading on Tuesday, reaching $64.84. The stock had a trading volume of 1,087,422 shares, compared to its average volume of 1,303,360. KBR has a 52 week low of $49.37 and a 52 week high of $66.60. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.05 and a current ratio of 1.05. The business’s 50-day moving average price is $62.01 and its 200 day moving average price is $56.92.

KBR (NYSE:KBR) last issued its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.69 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.69. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.78 billion. KBR had a negative net margin of 3.81% and a positive return on equity of 25.08%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 earnings per share. On average, equities analysts anticipate that KBR will post 3.19 EPS for the current fiscal year.

KBR Increases Dividend

The company also recently disclosed 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 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 0.93%. KBR’s dividend payout ratio (DPR) is presently -29.27%.

Insider Buying and Selling

In other KBR news, EVP Jennifer Myles sold 8,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $58.95, for a total value of $471,600.00. Following the completion of the transaction, the executive vice president now owns 38,524 shares of the company’s stock, valued at approximately $2,270,989.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.08% of the stock is currently owned by company insiders.

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.