KBR, Inc. (NYSE:KBR) Forecasted to Earn Q2 2024 Earnings of $0.77 Per Share

KBR, Inc. (NYSE:KBR) – DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for shares of KBR in a research note issued to investors on Wednesday, May 1st. DA Davidson analyst B. Thielman forecasts that the construction company will earn $0.77 per share for the quarter. DA Davidson currently has a “Buy” rating and a $78.00 price target on the stock. The consensus estimate for KBR’s current full-year earnings is $3.19 per share.

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

KBR Stock Performance

Shares of KBR stock opened at $65.56 on Thursday. The stock has a market capitalization of $8.83 billion, a price-to-earnings ratio of -34.15, a PEG ratio of 1.37 and a beta of 0.92. The firm’s fifty day simple moving average is $62.15 and its 200-day simple moving average is $56.95. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.10 and a quick ratio of 1.05. KBR has a 12 month low of $49.37 and a 12 month high of $66.60.

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. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.78 billion. KBR had a positive return on equity of 26.14% and a negative net margin of 3.65%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.67 earnings per share.

Hedge Funds Weigh In On KBR

Several hedge funds and other institutional investors have recently modified their holdings of the company. Rise Advisors LLC acquired a new stake in KBR in the 1st quarter valued at $25,000. CWM LLC raised its holdings in shares of KBR by 113.6% during the 3rd quarter. CWM LLC now owns 814 shares of the construction company’s stock valued at $48,000 after buying an additional 433 shares during the period. International Assets Investment Management LLC acquired a new position in KBR during the 4th quarter worth approximately $64,000. Headlands Technologies LLC purchased a new position in KBR in the 4th quarter worth approximately $65,000. Finally, Anchor Investment Management LLC acquired a new stake in KBR in the fourth quarter valued at approximately $69,000. 97.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other KBR news, EVP Jennifer Myles sold 8,000 shares of the firm’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 sale, the executive vice president now directly owns 38,524 shares of the company’s stock, valued at approximately $2,270,989.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.08% of the company’s stock.

KBR Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, March 14th. This is an increase from KBR’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.92%. KBR’s payout ratio is -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.