KBR Inc. (NYSE:KBR) – DA Davidson boosted their Q3 2016 EPS estimates for shares of KBR in a research report issued to clients and investors on Monday. DA Davidson analyst J. Rogers now anticipates that the firm will post earnings per share of $0.33 for the quarter, up from their previous estimate of $0.32. DA Davidson currently has a “Buy” rating and a $20.00 target price on the stock. DA Davidson also issued estimates for KBR’s Q4 2016 earnings at $0.29 EPS, FY2016 earnings at $1.32 EPS and Q4 2017 earnings at $0.35 EPS.
Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded KBR from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Monday, July 18th. Vetr raised KBR from a “sell” rating to a “hold” rating and set a $14.30 price objective on the stock in a research note on Monday, July 25th. Janney Montgomery Scott reissued a “buy” rating on shares of KBR in a research note on Tuesday, August 16th. MKM Partners boosted their price objective on KBR from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 2nd. Finally, Credit Suisse Group AG reissued a “buy” rating and issued a $18.00 price objective on shares of KBR in a research note on Monday, October 3rd. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $17.33.
Shares of KBR (NYSE:KBR) opened at 16.14 on Thursday. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 12.51 and a beta of 1.54. The firm has a 50-day moving average price of $14.79 and a 200-day moving average price of $14.62. KBR has a 52 week low of $11.61 and a 52 week high of $19.94.
KBR (NYSE:KBR) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. KBR had a return on equity of 18.60% and a net margin of 4.34%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the company earned $0.46 EPS. The firm’s quarterly revenue was down 26.9% on a year-over-year basis.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Tuesday, September 13th. KBR’s dividend payout ratio (DPR) is presently 24.81%.
Several large investors have recently made changes to their positions in KBR. World Asset Management Inc raised its stake 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 during the period. Utah Retirement Systems raised its position in KBR by 0.8% in the second quarter. Utah Retirement Systems now owns 26,018 shares of the company’s stock valued at $344,000 after buying an additional 200 shares during the last quarter. State Treasurer State of Michigan raised its position in KBR by 0.7% in the second quarter. State Treasurer State of Michigan now owns 57,142 shares of the company’s stock valued at $757,000 after buying an additional 400 shares during the last quarter. Macquarie Group Ltd. raised its position in KBR by 0.3% in the second quarter. Macquarie Group Ltd. now owns 233,300 shares of the company’s stock valued at $3,089,000 after buying an additional 621 shares during the last quarter. Finally, Nisa Investment Advisors L.L.C. raised its position in KBR by 1.5% in the first quarter. Nisa Investment Advisors L.L.C. now owns 53,466 shares of the company’s stock valued at $828,000 after buying an additional 800 shares during the last quarter. 97.24% of the stock is currently owned by institutional investors.
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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