KBR (NYSE:KBR) Releases FY 2024 Earnings Guidance

KBR (NYSE:KBR) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 3.150-3.300 for the period, compared to the consensus EPS estimate of 3.240. The company issued revenue guidance of $7.4 billion-$7.7 billion, compared to the consensus revenue estimate of $7.6 billion. KBR also updated its FY24 guidance to $3.15-$3.30 EPS.

KBR Trading Up 1.1 %

Shares of NYSE:KBR traded up $0.75 during trading on Thursday, reaching $67.14. The stock had a trading volume of 288,015 shares, compared to its average volume of 1,189,461. The business has a fifty day moving average price of $64.89 and a 200-day moving average price of $61.58. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.30. The stock has a market cap of $9.02 billion, a P/E ratio of -34.57, a PEG ratio of 1.42 and a beta of 0.90. KBR has a fifty-two week low of $49.37 and a fifty-two week high of $69.37.

KBR (NYSE:KBR) last posted 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 business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.78 billion. KBR had a negative net margin of 3.65% and a positive return on equity of 26.14%. The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.67 earnings per share. As a group, analysts anticipate that KBR will post 3.22 earnings per share for the current fiscal year.

KBR Dividend Announcement

The business 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. This represents a $0.60 annualized dividend and a yield of 0.89%. The ex-dividend date was Monday, June 17th. KBR’s dividend payout ratio (DPR) is -31.25%.

Analyst Upgrades and Downgrades

KBR has been the subject of several research analyst reports. Stifel Nicolaus upped their price target on shares of KBR from $83.00 to $84.00 and gave the stock a buy rating in a research report on Thursday, May 9th. UBS Group upped their price target on shares of KBR from $68.00 to $77.00 and gave the stock a buy rating in a research report on Tuesday, May 14th. Truist Financial upped their price target 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. DA Davidson reaffirmed a buy rating and set a $78.00 price target on shares of KBR in a research report on Tuesday, June 25th. Finally, Citigroup increased their price objective 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. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of Buy and a consensus target price of $76.00.

Insider Transactions at KBR

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

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.