FY2024 Earnings Estimate for KBR, Inc. (NYSE:KBR) Issued By DA Davidson

KBR, Inc. (NYSE:KBR - Free Report) - Equities researchers at DA Davidson boosted their FY2024 earnings per share (EPS) estimates for KBR in a research report issued on Wednesday, May 1st. DA Davidson analyst B. Thielman now expects that the construction company will post earnings of $3.23 per share for the year, up from their previous forecast of $3.17. DA Davidson has a "Buy" rating and a $78.00 price target on the stock. The consensus estimate for KBR's current full-year earnings is $3.20 per share.

Several other brokerages have also commented on KBR. Stifel Nicolaus increased their price objective on KBR from $80.00 to $83.00 and gave the company a "buy" rating in a research report on Tuesday, April 23rd. UBS Group lowered their price objective on shares of KBR from $65.00 to $63.00 and set a "buy" rating for the company in a report on Friday, February 2nd. Citigroup increased their target price on shares of KBR from $66.00 to $72.00 and gave the company a "buy" rating in a report on Monday, April 22nd. KeyCorp boosted their price target on shares of KBR from $63.00 to $65.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 21st. Finally, StockNews.com raised KBR from a "hold" rating to a "buy" rating in a research note on Wednesday, March 20th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, KBR presently has a consensus rating of "Buy" and an average price target of $73.86.

KBR Price Performance

KBR traded up $0.27 during trading on Friday, reaching $66.78. The stock had a trading volume of 1,211,180 shares, compared to its average volume of 1,321,623. The business has a 50-day moving average of $62.43 and a 200-day moving average of $57.08. KBR has a one year low of $49.37 and a one year high of $66.98. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.05 and a current ratio of 1.10. The stock has a market cap of $8.97 billion, a PE ratio of -34.64, a PEG ratio of 1.39 and a beta of 0.92.

KBR (NYSE:KBR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The construction company reported $0.77 earnings per share 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 for the quarter, compared to analysts' expectations of $1.78 billion. During the same period in the prior year, the business earned $0.67 earnings per share. KBR's revenue for the quarter was up 6.8% compared to the same quarter last year.

KBR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were paid a $0.15 dividend. The ex-dividend date was Thursday, March 14th. This is a boost from KBR's previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 0.90%. KBR's dividend payout ratio (DPR) is presently -31.25%.

Insider Buying and Selling at KBR

In other news, EVP Jennifer Myles sold 8,000 shares of KBR stock in a transaction that occurred on 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 in the company, valued at approximately $2,270,989.80. The sale was disclosed in a filing with the SEC, which is available through this link. 1.08% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in KBR. Rise Advisors LLC purchased a new stake in shares of KBR in the 1st quarter worth about $25,000. CWM LLC boosted its stake in KBR by 113.6% in the 3rd quarter. CWM LLC now owns 814 shares of the construction company's stock worth $48,000 after purchasing an additional 433 shares in the last quarter. International Assets Investment Management LLC bought a new position in KBR in the 4th quarter worth about $64,000. Headlands Technologies LLC purchased a new stake in KBR during the 4th quarter valued at about $65,000. Finally, Anchor Investment Management LLC bought a new stake in KBR during the 4th quarter valued at about $69,000. Hedge funds and other institutional investors own 97.02% of the company's stock.

About KBR

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.