FY2024 EPS Estimates for KBR, Inc. Boosted by Zacks Research (NYSE:KBR)

KBR, Inc. (NYSE:KBR) – Analysts at Zacks Research increased their FY2024 EPS estimates for KBR in a research report issued to clients and investors on Monday, May 20th. Zacks Research analyst S. Mukherjee now forecasts that the construction company will post earnings per share of $3.19 for the year, up from their prior estimate of $3.18. The consensus estimate for KBR’s current full-year earnings is $3.21 per share. Zacks Research also issued estimates for KBR’s Q4 2024 earnings at $0.80 EPS.

Several other research firms have also weighed in on KBR. StockNews.com raised shares of KBR from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. Citigroup lifted their price target on shares of KBR from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. DA Davidson upped their price objective on shares of KBR from $70.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. UBS Group lifted their target price on KBR from $68.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. Finally, KeyCorp increased their price target on KBR from $63.00 to $65.00 and gave the stock an “overweight” rating in a report on Wednesday, February 21st. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $76.00.

KBR Price Performance

Shares of KBR opened at $65.94 on Wednesday. The stock has a market cap of $8.85 billion, a P/E ratio of -34.34, a price-to-earnings-growth ratio of 1.38 and a beta of 0.92. KBR has a 1 year low of $49.37 and a 1 year high of $68.68. The stock’s 50-day moving average price is $64.15 and its two-hundred day moving average price is $57.97. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.30.

KBR (NYSE:KBR) last posted its quarterly earnings results on Tuesday, April 30th. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.07. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.78 billion. KBR had a positive return on equity of 26.14% and a negative net margin of 3.65%. The firm’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the company earned $0.67 EPS.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KBR. Rise Advisors LLC bought a new stake in KBR during the 1st quarter worth about $25,000. International Assets Investment Management LLC acquired a new position in KBR during the fourth quarter valued at approximately $64,000. Headlands Technologies LLC bought a new position in KBR in the fourth quarter valued at approximately $65,000. Anchor Investment Management LLC acquired a new position in shares of KBR during the 4th quarter worth approximately $69,000. Finally, Principal Securities Inc. bought a new stake in shares of KBR during the 4th quarter worth approximately $82,000. Institutional investors and hedge funds own 97.02% of the company’s stock.

Insider Buying and Selling

In other KBR news, EVP Sonia Galindo sold 4,660 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $66.00, for a total transaction of $307,560.00. Following the completion of the transaction, the executive vice president now owns 21,409 shares of the company’s stock, valued at approximately $1,412,994. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.08% of the stock is owned by corporate insiders.

KBR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 17th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, June 17th. This represents a $0.60 annualized dividend and a dividend yield of 0.91%. KBR’s dividend payout ratio is currently -31.25%.

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.