KBR Inc. (NYSE:KBR) – Equities research analysts at KeyCorp dropped their FY2018 earnings per share estimates for shares of KBR in a research note issued on Sunday. KeyCorp analyst T. Afzal now anticipates that the brokerage will earn $1.38 per share for the year, down from their previous forecast of $1.42.
A number of other analysts have also recently weighed in on KBR. Zacks Investment Research cut shares of KBR from a “hold” rating to a “sell” rating in a report on Monday, July 4th. Deutsche Bank AG raised shares of KBR from a “hold” rating to a “buy” rating and increased their target price for the stock from $14.00 to $16.00 in a report on Tuesday. MKM Partners set a $15.00 target price on shares of KBR and gave the stock a “hold” rating in a report on Monday. DA Davidson set a $20.00 target price on shares of KBR and gave the stock a “buy” rating in a report on Monday, August 15th. Finally, Janney Montgomery Scott reissued a “buy” rating on shares of KBR in a report on Tuesday, August 16th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $17.23.
KBR (NYSE:KBR) traded up 4.04% during mid-day trading on Tuesday, reaching $14.18. 2,959,365 shares of the company were exchanged. The company’s 50 day moving average price is $14.80 and its 200-day moving average price is $14.60. The stock has a market capitalization of $2.02 billion, a P/E ratio of 10.99 and a beta of 1.54. KBR has a 12 month low of $11.61 and a 12 month high of $19.94.
KBR (NYSE:KBR) last released its quarterly earnings data on Friday, July 29th. The company reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.05 billion. KBR had a net margin of 4.34% and a return on equity of 18.60%. The firm’s revenue was down 26.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.46 earnings per share.
A number of institutional investors have recently made changes to their positions in the stock. LSV Asset Management bought a new position in shares of KBR during the second quarter worth about $100,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of KBR during the second quarter worth about $102,000. LS Investment Advisors LLC raised its position in shares of KBR by 71.7% in the second quarter. LS Investment Advisors LLC now owns 8,665 shares of the company’s stock worth $115,000 after buying an additional 3,619 shares in the last quarter. Sei Investments Co. raised its position in shares of KBR by 18.9% in the second quarter. Sei Investments Co. now owns 8,854 shares of the company’s stock worth $117,000 after buying an additional 1,405 shares in the last quarter. Finally, World Asset Management Inc raised its position in shares of KBR by 0.6% in the second quarter. World Asset Management Inc now owns 10,187 shares of the company’s stock worth $135,000 after buying an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 97.24% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors 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 dividend on an annualized basis and a yield of 2.35%. KBR’s dividend payout ratio is presently 24.81%.
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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