According to Zacks, “KBR has a decent earnings surprise history, beating estimates thrice and meeting once in the trailing four quarters. The company is presently facing robust prospects in the Government services and Technology & Consulting businesses. The company believes the Government Services and Technology businesses will provide it some balance between hydrocarbons and government projects. Also, KBR’s recent acquisition of CA-based Wyle is expected to bolster its government services business. However, on the negative side, prolonged softness in the Engineering & Construction sector coupled with volatility in oil and gas prices may pose a major threat. Also, sluggish activities in several projects approaching completion add to the concerns. Moreover, long-cycle nature of the contracts, pending legal cases, volatility in material & equipment pricing, risk of loss of significant customers and stiff competition raise caution.”
Several other equities analysts have also recently weighed in on the stock. Credit Suisse Group AG reiterated a buy rating and issued a $18.00 price objective on shares of KBR in a research note on Monday, October 3rd. Johnson Rice upgraded shares of KBR from a hold rating to an accumulate rating and set a $18.00 price objective on the stock in a research note on Wednesday, October 5th. MKM Partners set a $16.00 price objective on shares of KBR and gave the stock a hold rating in a research note on Tuesday, September 13th. Janney Montgomery Scott reiterated a buy rating on shares of KBR in a research note on Tuesday, August 16th. Finally, DA Davidson set a $20.00 price objective on shares of KBR and gave the stock a buy rating in a research note on Monday, August 15th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $17.23.
Shares of KBR (NYSE:KBR) opened at 16.26 on Wednesday. The firm has a market capitalization of $2.32 billion, a PE ratio of 12.60 and a beta of 1.54. The firm has a 50-day moving average of $14.82 and a 200-day moving average of $14.63. KBR has a 12-month low of $11.61 and a 12-month high of $19.94.
KBR (NYSE:KBR) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.32 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. KBR had a net margin of 4.34% and a return on equity of 18.60%. The firm 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 business earned $0.46 EPS. The business’s quarterly revenue was down 26.9% on a year-over-year basis. Equities analysts anticipate that KBR will post $0.66 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 15th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Tuesday, September 13th. KBR’s dividend payout ratio (DPR) is presently 24.81%.
Several hedge funds and other institutional investors have recently bought and sold shares of KBR. Nisa Investment Advisors L.L.C. raised its position in KBR by 1.5% in the first quarter. Nisa Investment Advisors L.L.C. now owns 53,466 shares of the company’s stock worth $828,000 after buying an additional 800 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new position in KBR during the first quarter worth $2,214,000. Prudential Financial Inc. raised its position in KBR by 7.2% in the first quarter. Prudential Financial Inc. now owns 1,826,408 shares of the company’s stock worth $28,273,000 after buying an additional 122,940 shares during the period. BlackRock Inc. raised its position in KBR by 4.0% in the first quarter. BlackRock Inc. now owns 153,621 shares of the company’s stock worth $2,378,000 after buying an additional 5,889 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its position in KBR by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,170,243 shares of the company’s stock worth $64,555,000 after buying an additional 15,371 shares during the period. 97.24% of the stock is owned by hedge funds and other institutional investors.
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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