KBR has been the subject of a number of other reports. MKM Partners set a $16.00 target price on shares of KBR and gave the company a hold rating in a report on Tuesday, September 13th. Deutsche Bank AG raised shares of KBR from a hold rating to a buy rating and upped their target price for the company from $14.00 to $16.00 in a report on Tuesday, October 4th. Zacks Investment Research cut shares of KBR from a hold rating to a sell rating in a report on Monday, July 4th. Johnson Rice raised shares of KBR from a hold rating to an accumulate rating and set a $18.00 target price for the company in a report on Wednesday, October 5th. Finally, Credit Suisse Group AG reissued a buy rating and set a $18.00 price target on shares of KBR in a report on Monday, October 3rd. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. KBR has an average rating of Hold and a consensus target price of $17.33.
Shares of KBR (NYSE:KBR) opened at 16.14 on Wednesday. The stock’s 50 day moving average price is $14.79 and its 200-day moving average price is $14.62. The firm has a market capitalization of $2.30 billion, a PE ratio of 12.51 and a beta of 1.54. KBR has a 52-week low of $11.61 and a 52-week high of $19.94.
KBR (NYSE:KBR) last announced its earnings results on Friday, July 29th. The company reported $0.32 EPS for the quarter, meeting analysts’ consensus estimates of $0.32. KBR had a net margin of 4.34% and a return on equity of 18.60%. The business earned $1.01 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the company earned $0.46 earnings per share. The business’s revenue was down 26.9% compared to the same quarter last year. Equities research analysts anticipate that KBR will post $0.66 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 15th will be given a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.32 annualized dividend and a dividend yield of 1.98%. KBR’s dividend payout ratio is presently 24.81%.
Several hedge funds have recently added to or reduced their stakes in the stock. HBK Investments L P raised its stake in KBR by 82.2% in the first quarter. HBK Investments L P now owns 543,100 shares of the company’s stock valued at $8,407,000 after buying an additional 244,979 shares in the last quarter. Geode Capital Management LLC raised its stake in KBR by 3.8% in the first quarter. Geode Capital Management LLC now owns 890,036 shares of the company’s stock valued at $13,777,000 after buying an additional 32,750 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in KBR during the first quarter valued at approximately $317,000. State Street Corp raised its stake in KBR by 7.5% in the first quarter. State Street Corp now owns 4,150,213 shares of the company’s stock valued at $64,246,000 after buying an additional 288,260 shares in the last quarter. Finally, M&T Bank Corp acquired a new stake in KBR during the first quarter valued at approximately $187,000. Institutional investors and hedge funds 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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