KBR (NYSE:KBR) Releases FY24 Earnings Guidance

KBR (NYSE:KBR) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $3.15-$3.30 for the period, compared to the consensus estimate of $3.23. The company issued revenue guidance of $7.4-$7.7 billion, compared to the consensus revenue estimate of $7.57 billion. KBR also updated its FY 2024 guidance to 3.150-3.300 EPS.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KBR. DA Davidson reaffirmed a buy rating and issued a $78.00 price target on shares of KBR in a research note on Tuesday, June 25th. UBS Group lifted their price target on KBR from $68.00 to $77.00 and gave the stock a buy rating in a research note on Tuesday, May 14th. StockNews.com lowered KBR from a strong-buy rating to a buy rating in a research report on Wednesday. Stifel Nicolaus lifted their price objective on KBR from $83.00 to $84.00 and gave the stock a buy rating in a research report on Thursday, May 9th. Finally, Truist Financial lifted their price objective on KBR from $72.00 to $90.00 and gave the stock a buy rating in a research report on Tuesday, April 9th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of Buy and a consensus price target of $76.00.

KBR Stock Down 3.2 %

Shares of NYSE KBR traded down $2.21 during mid-day trading on Wednesday, hitting $66.38. 2,312,897 shares of the stock traded hands, compared to its average volume of 1,195,855. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.10 and a current ratio of 1.10. KBR has a 52 week low of $49.37 and a 52 week high of $69.37. The company has a market cap of $8.91 billion, a price-to-earnings ratio of -35.73, a PEG ratio of 1.42 and a beta of 0.90. The stock has a fifty day moving average price of $64.88 and a 200-day moving average price of $61.55.

KBR (NYSE:KBR) last released its quarterly earnings results on Tuesday, April 30th. The construction company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.07. KBR had a positive return on equity of 26.14% and a negative net margin of 3.65%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period in the previous year, the company posted $0.67 earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis. Research analysts anticipate that KBR will post 3.22 EPS for the current year.

KBR Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, June 17th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, June 17th. This represents a $0.60 annualized dividend and a dividend yield of 0.90%. KBR’s dividend payout ratio is presently -31.25%.

Insider Activity at KBR

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

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.