Other research analysts have also recently issued research reports about the company. Zacks Investment Research raised KBR from a hold rating to a buy rating and set a $16.00 price objective on the stock in a research note on Monday, July 18th. Credit Suisse Group AG reissued a buy rating and issued a $18.00 price objective on shares of KBR in a research note on Monday. Janney Montgomery Scott reissued a buy rating on shares of KBR in a research note on Tuesday, August 16th. DA Davidson set a $20.00 price objective on KBR and gave the stock a buy rating in a research note on Monday, August 15th. Finally, Vetr raised KBR from a sell rating to a hold rating and set a $14.30 price objective on the stock in a research note on Monday, July 25th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $17.03.
Shares of KBR (NYSE:KBR) opened at 14.54 on Monday. The firm has a 50 day moving average price of $14.80 and a 200-day moving average price of $14.60. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 11.27 and a beta of 1.54. KBR has a 12-month low of $11.61 and a 12-month high of $19.94.
KBR (NYSE:KBR) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. KBR had a return on equity of 18.60% and a net margin of 4.34%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the firm earned $0.46 earnings per share. KBR’s revenue was down 26.9% compared to the same quarter last year. On average, equities analysts expect that KBR will post $1.35 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.32 annualized dividend and a dividend yield of 2.35%. KBR’s dividend payout ratio is presently 24.81%.
Several hedge funds have recently modified their holdings of the stock. LSV Asset Management acquired a new stake in shares of KBR during the second quarter valued at approximately $100,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of KBR during the second quarter worth about $102,000. LS Investment Advisors LLC raised its position in shares of KBR by 71.7% in the second quarter. LS Investment Advisors LLC now owns 8,665 shares of the company’s stock worth $115,000 after buying an additional 3,619 shares during the period. Sei Investments Co. raised its position in shares of KBR by 18.9% in the second quarter. Sei Investments Co. now owns 8,854 shares of the company’s stock worth $117,000 after buying an additional 1,405 shares during the period. Finally, World Asset Management Inc raised its position in shares of KBR by 0.6% in the second quarter. World Asset Management Inc now owns 10,187 shares of the company’s stock worth $135,000 after buying an additional 58 shares during the period. Hedge funds and other institutional investors own 97.24% of the company’s stock.
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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