KBR Inc. (NYSE:KBR) – Investment analysts at KeyCorp cut their Q3 2016 earnings estimates for KBR in a research report issued on Sunday. KeyCorp analyst T. Afzal now expects that the brokerage will post earnings per share of $0.25 for the quarter, down from their previous forecast of $0.31. KeyCorp also issued estimates for KBR’s FY2016 earnings at $1.26 EPS and FY2017 earnings at $1.23 EPS.
KBR (NYSE:KBR) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.32. The business earned $1.01 billion during the quarter, compared to the consensus estimate of $1.05 billion. KBR had a return on equity of 18.60% and a net margin of 4.34%. KBR’s quarterly revenue was down 26.9% on a year-over-year basis. During the same period last year, the company earned $0.46 earnings per share.
A number of other equities research analysts have also weighed in on KBR. Zacks Investment Research lowered KBR from a “buy” rating to a “hold” rating in a research report on Wednesday. DA Davidson restated a “buy” rating and set a $20.00 price objective on shares of KBR in a research report on Wednesday. Deutsche Bank AG upgraded KBR from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $14.00 to $16.00 in a research report on Tuesday. Vetr upgraded KBR from a “sell” rating to a “hold” rating and set a $14.30 price target on the stock in a research report on Monday, July 25th. Finally, Janney Montgomery Scott reiterated a “buy” rating on shares of KBR in a research report on Tuesday, August 16th. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $17.33.
KBR (NYSE:KBR) opened at 15.87 on Wednesday. The company has a market capitalization of $2.26 billion, a P/E ratio of 12.30 and a beta of 1.54. The company’s 50 day moving average price is $14.76 and its 200-day moving average price is $14.61. KBR has a 12-month low of $11.61 and a 12-month high of $19.94.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 15th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Tuesday, September 13th. KBR’s dividend payout ratio (DPR) is currently 24.81%.
A number of hedge funds and other institutional investors have recently bought and sold shares of KBR. Geode Capital Management LLC increased its position in KBR by 3.8% in the first quarter. Geode Capital Management LLC now owns 890,036 shares of the company’s stock worth $13,777,000 after buying an additional 32,750 shares during the period. Quadrature Capital Ltd purchased a new position in KBR during the first quarter worth $317,000. State Street Corp increased its position in KBR by 7.5% in the first quarter. State Street Corp now owns 4,150,213 shares of the company’s stock worth $64,246,000 after buying an additional 288,260 shares during the period. M&T Bank Corp purchased a new position in KBR during the first quarter worth $187,000. Finally, Menta Capital LLC purchased a new position in KBR during the first quarter worth $311,000. 97.24% of the stock is currently owned by institutional investors and hedge funds.
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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