$1.31 Billion in Sales Expected for KBR, Inc. (KBR) This Quarter

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Analysts predict that KBR, Inc. (NYSE:KBR) will post sales of $1.31 billion for the current quarter, according to Zacks. Three analysts have issued estimates for KBR’s earnings, with estimates ranging from $1.27 billion to $1.34 billion. KBR reported sales of $1.03 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 27.2%. The company is expected to announce its next earnings results on Tuesday, October 30th.

According to Zacks, analysts expect that KBR will report full-year sales of $4.90 billion for the current year, with estimates ranging from $4.87 billion to $4.95 billion. For the next fiscal year, analysts anticipate that the company will report sales of $5.49 billion, with estimates ranging from $5.29 billion to $5.59 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow KBR.

KBR (NYSE:KBR) last issued its quarterly earnings data on Monday, July 30th. The construction company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.01. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.14 billion. KBR had a net margin of 11.69% and a return on equity of 14.21%. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.57 earnings per share.

KBR has been the topic of a number of research analyst reports. Credit Suisse Group increased their price objective on shares of KBR from $16.00 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday, July 31st. TheStreet upgraded shares of KBR from a “c+” rating to a “b-” rating in a research report on Thursday, August 2nd. Zacks Investment Research downgraded shares of KBR from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th. KeyCorp increased their price objective on shares of KBR from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Tuesday, July 31st. Finally, MKM Partners set a $22.00 price objective on shares of KBR and gave the company a “buy” rating in a research report on Wednesday, July 11th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $22.18.

KBR stock traded up $0.09 during midday trading on Wednesday, reaching $19.86. 2,233,490 shares of the company traded hands, compared to its average volume of 1,809,098. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 13.33, a price-to-earnings-growth ratio of 1.66 and a beta of 1.17. KBR has a 12 month low of $14.40 and a 12 month high of $22.09. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.66.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 17th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, December 14th. This represents a $0.32 annualized dividend and a yield of 1.61%. KBR’s payout ratio is presently 21.48%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KBR. ClariVest Asset Management LLC grew its stake in KBR by 745,384.6% during the second quarter. ClariVest Asset Management LLC now owns 193,826 shares of the construction company’s stock valued at $3,473,000 after acquiring an additional 193,800 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in KBR by 4.0% during the second quarter. Mutual of America Capital Management LLC now owns 120,487 shares of the construction company’s stock valued at $2,159,000 after acquiring an additional 4,582 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in KBR by 80.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,494,342 shares of the construction company’s stock valued at $26,779,000 after acquiring an additional 667,406 shares in the last quarter. BlackRock Inc. grew its stake in KBR by 3.3% during the second quarter. BlackRock Inc. now owns 15,584,016 shares of the construction company’s stock valued at $279,266,000 after acquiring an additional 499,938 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in KBR by 3.7% during the second quarter. Bank of New York Mellon Corp now owns 2,207,573 shares of the construction company’s stock valued at $39,560,000 after acquiring an additional 78,629 shares in the last quarter. Institutional investors and hedge funds own 97.32% of the company’s stock.

About KBR

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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