KBR (NYSE:KBR) Updates FY 2024 Earnings Guidance

KBR (NYSE:KBR) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 3.200-3.300 for the period, compared to the consensus estimate of 3.250. The company issued revenue guidance of $7.5 billion-$7.7 billion, compared to the consensus revenue estimate of $7.6 billion.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. Citigroup lifted their price target on shares of KBR from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday. DA Davidson increased their price objective on shares of KBR from $78.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday. TD Cowen cut shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 target price on the stock. in a report on Friday, September 6th. Finally, KeyCorp upped their target price on KBR from $73.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, KBR currently has a consensus rating of “Moderate Buy” and an average target price of $78.75.

KBR Price Performance

NYSE KBR opened at $66.73 on Friday. The company has a 50-day moving average price of $66.22 and a two-hundred day moving average price of $65.36. The stock has a market cap of $8.88 billion, a price-to-earnings ratio of 45.39, a price-to-earnings-growth ratio of 1.45 and a beta of 0.90. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.35. KBR has a 52 week low of $49.37 and a 52 week high of $71.38.

KBR (NYSE:KBR) last posted its earnings results on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, meeting the consensus estimate of $0.84. KBR had a return on equity of 27.92% and a net margin of 2.77%. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period last year, the firm earned $0.75 EPS. The firm’s revenue was up 10.0% compared to the same quarter last year. Analysts forecast that KBR will post 3.25 EPS for the current year.

KBR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Friday, December 13th. KBR’s payout ratio is currently 40.82%.

Insider Activity at KBR

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the sale, the insider now directly owns 106,550 shares in the company, valued at approximately $7,091,968. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.08% of the stock is currently owned by insiders.

KBR Company Profile

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.