KBR Inc. (NYSE:KBR) – Equities researchers at William Blair increased their FY2017 earnings per share estimates for shares of KBR in a note issued to investors on Monday. William Blair analyst C. Jacobson now expects that the firm will post earnings of $1.15 per share for the year, up from their previous forecast of $1.10.
KBR (NYSE:KBR) last released its 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 net margin of 4.34% and a return on equity of 18.60%. The company earned $1.01 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the firm earned $0.46 EPS. The company’s revenue was down 26.9% compared to the same quarter last year.
Several other research firms have also recently weighed in on KBR. Janney Montgomery Scott reiterated a “buy” rating on shares of KBR in a report on Tuesday, August 16th. DA Davidson set a $20.00 price target on shares of KBR and gave the company a “buy” rating in a report on Monday, August 15th. Zacks Investment Research lowered shares of KBR from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Credit Suisse Group AG reissued a “buy” rating and issued a $18.00 price objective on shares of KBR in a research report on Monday. Finally, MKM Partners set a $15.00 price objective on shares of KBR and gave the stock a “hold” rating in a research report on Monday. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $17.23.
Shares of KBR (NYSE:KBR) opened at 14.10 on Tuesday. The firm has a 50-day moving average of $14.75 and a 200-day moving average of $14.60. The stock has a market cap of $2.01 billion, a P/E ratio of 10.93 and a beta of 1.54. KBR has a 52-week low of $11.61 and a 52-week high of $19.94.
Hedge funds have recently bought and sold shares of the company. State Street Corp raised its stake in KBR by 7.5% in the first quarter. State Street Corp now owns 4,150,213 shares of the company’s stock valued at $64,246,000 after buying an additional 288,260 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in KBR by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,170,243 shares of the company’s stock valued at $64,555,000 after buying an additional 15,371 shares during the period. Prudential Financial Inc. raised its stake in KBR by 7.2% in the first quarter. Prudential Financial Inc. now owns 1,826,408 shares of the company’s stock valued at $28,273,000 after buying an additional 122,940 shares during the period. BNP Paribas Arbitrage SA raised its stake in KBR by 448.7% in the second quarter. BNP Paribas Arbitrage SA now owns 76,605 shares of the company’s stock valued at $1,014,000 after buying an additional 62,644 shares during the period. Finally, Societe Generale purchased a new stake in KBR during the second quarter valued at about $515,000. 97.24% of the stock is currently owned by hedge funds and other institutional investors.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 15th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.27%. The ex-dividend date is Tuesday, September 13th. KBR’s dividend payout ratio (DPR) is currently 24.81%.
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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