Brokers Set Expectations for KBR, Inc.'s Q2 2024 Earnings (NYSE:KBR)

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

A number of other analysts have also recently issued reports on KBR. Stifel Nicolaus raised their target price on shares of KBR from $80.00 to $83.00 and gave the stock a "buy" rating in a research note on Tuesday, April 23rd. Citigroup increased their target price on KBR from $66.00 to $72.00 and gave the stock a "buy" rating in a research note 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 note on Tuesday, April 9th. UBS Group lowered their price objective on KBR from $65.00 to $63.00 and set a "buy" rating on the stock in a research report on Friday, February 2nd. Finally, StockNews.com raised shares of KBR from a "hold" rating to a "buy" rating in a research report on Wednesday, March 20th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $73.86.

KBR Stock Performance

KBR stock traded up $0.95 during midday trading on Thursday, reaching $66.51. 1,332,876 shares of the company were exchanged, compared to its average volume of 1,322,923. KBR has a one year low of $49.37 and a one year high of $66.61. The firm has a market capitalization of $8.96 billion, a price-to-earnings ratio of -34.15, a price-to-earnings-growth ratio of 1.37 and a beta of 0.92. The business has a 50-day moving average price of $62.29 and a two-hundred day moving average price of $57.01. 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 (NYSE:KBR - Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The construction company reported $0.77 earnings per share (EPS) 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 business's revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm posted $0.67 earnings per share.

KBR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from KBR's previous quarterly dividend of $0.14. KBR's payout ratio is -31.25%.

Insider Buying and Selling

In other news, EVP Jennifer Myles sold 8,000 shares of the company's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $58.95, for a total transaction of $471,600.00. Following the completion of the sale, 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 accessible through this hyperlink. 1.08% of the stock is currently owned by company insiders.

Institutional Trading of KBR

Several institutional investors and hedge funds have recently modified their holdings of KBR. Norges Bank bought a new position in shares of KBR in the fourth quarter worth about $77,193,000. Schonfeld Strategic Advisors LLC boosted its position 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 valued at $27,294,000 after buying an additional 430,318 shares in the last quarter. Qube Research & Technologies Ltd grew its stake 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 buying an additional 422,856 shares during the last quarter. Freshford Capital Management LLC increased its holdings 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 worth $53,560,000 after buying an additional 344,800 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of KBR by 12.1% in the 4th quarter. Franklin Resources Inc. now owns 3,084,559 shares of the construction company's stock valued at $170,915,000 after acquiring an additional 331,749 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors.

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.