KBR (NYSE:KBR) Announces Earnings Results

KBR (NYSE:KBR - Get Free Report) released its quarterly earnings results on Tuesday. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.07, Briefing.com reports. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.78 billion. KBR had a negative net margin of 3.81% and a positive return on equity of 25.08%. The company's revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 earnings per share. KBR updated its FY 2024 guidance to 3.100-3.300 EPS and its FY24 guidance to $3.10-$3.30 EPS.

KBR Stock Up 1.0 %

Shares of NYSE KBR traded up $0.62 during mid-day trading on Wednesday, reaching $65.56. 2,022,091 shares of the company's stock traded hands, compared to its average volume of 1,322,621. The stock has a market cap of $8.83 billion, a P/E ratio of -32.00, a PEG ratio of 1.40 and a beta of 0.95. The business has a 50-day simple moving average of $62.15 and a 200 day simple moving average of $56.95. KBR has a 1-year low of $49.37 and a 1-year high of $66.60. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.05 and a quick ratio of 1.05.

KBR Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were issued a dividend of $0.15 per share. This is a boost from KBR's previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Thursday, March 14th. KBR's dividend payout ratio (DPR) is currently -29.27%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on KBR. Citigroup raised their price target on shares of KBR from $66.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, April 22nd. KeyCorp raised their price target on shares of KBR from $63.00 to $65.00 and gave the company an "overweight" rating in a research note on Wednesday, February 21st. UBS Group lowered their target price on shares of KBR from $65.00 to $63.00 and set a "buy" rating for the company in a research note on Friday, February 2nd. DA Davidson lifted their target price on shares of KBR from $70.00 to $78.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Truist Financial lifted their target price on shares of KBR from $72.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, April 9th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, KBR has a consensus rating of "Buy" and a consensus target price of $73.86.

Insider Activity

In other news, EVP Jennifer Myles sold 8,000 shares of KBR stock in a transaction dated 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 transaction, the executive vice president now directly owns 38,524 shares in the company, valued at $2,270,989.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.08% 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.