KBR Inc. (NYSE:KBR) issued an update on its FY16 earnings guidance on Monday morning. The company provided earnings per share guidance of $0.30-0.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.34.
KBR Inc. (NYSE:KBR) traded down 9.91% during trading on Monday, hitting $13.63. The company had a trading volume of 5,230,454 shares. KBR Inc. has a one year low of $11.61 and a one year high of $19.94. The stock has a 50-day moving average of $14.86 and a 200 day moving average of $14.62. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 10.57 and a beta of 1.54.
KBR (NYSE:KBR) last released its quarterly earnings data on Friday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.05 billion. KBR had a return on equity of 18.60% and a net margin of 4.34%. The business’s revenue for the quarter was down 26.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 earnings per share. Equities analysts forecast that KBR Inc. will post $1.35 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 15th will be paid a $0.08 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $0.32 annualized dividend and a yield of 2.35%. KBR’s dividend payout ratio is 24.81%.
Several equities analysts have recently commented on the company. Credit Suisse Group AG reaffirmed a buy rating and issued a $18.00 target price on shares of KBR in a research report on Monday. MKM Partners upped their target price on KBR from $13.00 to $14.00 and gave the company a neutral rating in a research report on Tuesday, August 2nd. Zacks Investment Research raised KBR from a sell rating to a hold rating in a research report on Tuesday, July 12th. Vetr raised KBR from a sell rating to a hold rating and set a $14.30 target price on the stock in a research report on Monday, July 25th. Finally, Janney Montgomery Scott reaffirmed a buy rating on shares of KBR in a research report on Tuesday, August 16th. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $17.03.
Large investors have recently modified their holdings of the stock. AHL Partners LLP acquired a new stake in shares of KBR during the second quarter worth $1,056,000. True Bearing Asset Management LP acquired a new stake in shares of KBR during the second quarter worth $190,000. Highbridge Capital Management LLC acquired a new stake in shares of KBR during the second quarter worth $1,982,000. Cubist Systematic Strategies LLC increased its stake in shares of KBR by 59.0% in the second quarter. Cubist Systematic Strategies LLC now owns 23,839 shares of the company’s stock worth $316,000 after buying an additional 8,850 shares in the last quarter. Finally, Paloma Partners Management Co increased its stake in shares of KBR by 50.1% in the second quarter. Paloma Partners Management Co now owns 120,361 shares of the company’s stock worth $1,594,000 after buying an additional 40,183 shares in the last quarter. 97.24% of the stock is currently owned by hedge funds and other institutional investors.
KBR Company Profile
KBR, Inc (KBR) is an engineering, procurement, construction and services company. The Company supports global hydrocarbons and international Government services market sectors. It operates through three business segments: Technology & Consulting (T&C), Engineering & Construction (E&C), and Government Services (GS).
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