KBR, Inc. (NYSE:KBR) Expected to Post Q3 2024 Earnings of $0.84 Per Share

KBR, Inc. (NYSE:KBR) – Analysts at Zacks Research dropped their Q3 2024 earnings per share (EPS) estimates for KBR in a research note issued to investors on Monday, May 20th. Zacks Research analyst S. Mukherjee now expects that the construction company will earn $0.84 per share for the quarter, down from their prior forecast of $0.92. The consensus estimate for KBR’s current full-year earnings is $3.21 per share. Zacks Research also issued estimates for KBR’s Q2 2025 earnings at $0.96 EPS, Q3 2025 earnings at $1.01 EPS, Q4 2025 earnings at $0.99 EPS, FY2025 earnings at $3.83 EPS, Q1 2026 earnings at $1.12 EPS and FY2026 earnings at $4.68 EPS.

KBR (NYSE:KBR) last released its earnings results on Tuesday, April 30th. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.07. KBR had a negative net margin of 3.65% and a positive return on equity of 26.14%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same period in the prior year, the firm posted $0.67 EPS. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year.

A number of other equities research analysts have also recently commented on the company. UBS Group raised their price target on KBR from $68.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. KeyCorp lifted their price objective on shares of KBR from $63.00 to $65.00 and gave the company 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 stock a “buy” rating in a research report on Monday, April 22nd. Stifel Nicolaus lifted their price target on shares of KBR from $83.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Finally, StockNews.com raised shares of KBR from a “hold” rating to a “buy” rating in a report on Wednesday, March 20th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $76.00.

KBR Stock Down 0.8 %

Shares of KBR stock opened at $66.07 on Tuesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.10 and a quick ratio of 1.10. KBR has a one year low of $49.37 and a one year high of $68.68. The company’s fifty day moving average price is $64.04 and its 200-day moving average price is $57.91. The company has a market capitalization of $8.87 billion, a price-to-earnings ratio of -34.41, a PEG ratio of 1.28 and a beta of 0.92.

Institutional Investors Weigh In On KBR

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank bought a new position in shares of KBR during the fourth quarter valued at approximately $77,193,000. Jacobs Levy Equity Management Inc. grew its position in KBR by 359.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,467,650 shares of the construction company’s stock valued at $93,431,000 after acquiring an additional 1,148,503 shares during the last quarter. Schonfeld Strategic Advisors LLC increased its stake in KBR by 1,313.2% in the third quarter. Schonfeld Strategic Advisors LLC now owns 463,087 shares of the construction company’s stock worth $27,294,000 after purchasing an additional 430,318 shares during the period. Qube Research & Technologies Ltd lifted its position in shares of KBR by 344.6% during the third quarter. Qube Research & Technologies Ltd now owns 545,554 shares of the construction company’s stock worth $32,155,000 after purchasing an additional 422,856 shares during the last quarter. Finally, Freshford Capital Management LLC boosted its stake in shares of KBR by 55.5% during the fourth quarter. Freshford Capital Management LLC now owns 966,610 shares of the construction company’s stock valued at $53,560,000 after purchasing an additional 344,800 shares during the period. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Sonia Galindo sold 4,660 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $66.00, for a total value of $307,560.00. Following the completion of the sale, the executive vice president now directly owns 21,409 shares of the company’s stock, valued at approximately $1,412,994. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.08% of the stock is currently owned by insiders.

KBR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be given a $0.15 dividend. The ex-dividend date is Monday, June 17th. This represents a $0.60 annualized dividend and a yield of 0.91%. KBR’s dividend payout ratio is currently -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.