KBR (KBR) Expected to Post Quarterly Sales of $949.25 Million

Wall Street brokerages expect KBR (NYSE:KBR) to report sales of $949.25 million for the current quarter, according to Zacks. Three analysts have issued estimates for KBR’s earnings, with the highest sales estimate coming in at $990.00 million and the lowest estimate coming in at $917.75 million. KBR reported sales of $1.11 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 14.5%. The business is scheduled to report its next quarterly earnings results on Friday, April 27th.

On average, analysts expect that KBR will report full year sales of $949.25 million for the current financial year, with estimates ranging from $4.22 billion to $4.46 billion. For the next fiscal year, analysts forecast that the company will post sales of $4.65 billion per share, with estimates ranging from $4.52 billion to $4.78 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover KBR.

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KBR (NYSE:KBR) last issued its earnings results on Friday, February 23rd. The construction company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The business had revenue of $930.00 million during the quarter, compared to analyst estimates of $1.01 billion. KBR had a net margin of 10.40% and a return on equity of 22.65%. KBR’s revenue for the quarter was down 21.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.59) EPS.

Several equities research analysts recently commented on the company. Zacks Investment Research cut KBR from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Citigroup boosted their price target on KBR from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. ValuEngine cut KBR from a “buy” rating to a “hold” rating in a research note on Monday. TheStreet cut KBR from a “b-” rating to a “c+” rating in a research note on Wednesday, February 28th. Finally, Credit Suisse Group cut KBR from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $24.00 to $16.00 in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $19.50.

Shares of NYSE KBR opened at $16.39 on Tuesday. The company has a market capitalization of $2,299.00, a P/E ratio of 11.30, a PEG ratio of 1.58 and a beta of 1.12. KBR has a 52 week low of $13.36 and a 52 week high of $21.69. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.33 and a quick ratio of 1.33.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.95%. KBR’s payout ratio is currently 21.48%.

A number of institutional investors have recently made changes to their positions in KBR. Engine Capital Management LLC boosted its position in KBR by 195.2% during the third quarter. Engine Capital Management LLC now owns 1,149,672 shares of the construction company’s stock worth $20,556,000 after purchasing an additional 760,184 shares during the period. Mackenzie Financial Corp bought a new stake in KBR during the fourth quarter worth approximately $11,370,000. HBK Investments L P bought a new stake in KBR during the fourth quarter worth approximately $6,871,000. Geode Capital Management LLC boosted its position in KBR by 29.5% during the fourth quarter. Geode Capital Management LLC now owns 1,501,254 shares of the construction company’s stock worth $29,769,000 after purchasing an additional 342,249 shares during the period. Finally, Two Sigma Advisers LP boosted its position in KBR by 132.2% during the fourth quarter. Two Sigma Advisers LP now owns 450,344 shares of the construction company’s stock worth $8,930,000 after purchasing an additional 256,400 shares during the period. 99.59% of the stock is owned by hedge funds and other institutional investors.

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KBR Company Profile

KBR, Inc provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction. The Government Services segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for government agencies in the United States, the United Kingdom, and Australia.

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