KBR (NYSE:KBR) Announces Quarterly Earnings Results, Beats Estimates By $0.07 EPS

KBR (NYSE:KBR) released its quarterly earnings data on Tuesday. The construction company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.07, Briefing.com reports. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.78 billion. KBR had a positive return on equity of 26.14% and a negative net margin of 3.65%. KBR’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the business posted $0.67 EPS. KBR updated its FY 2024 guidance to 3.100-3.300 EPS and its FY24 guidance to $3.10-$3.30 EPS.

KBR Price Performance

Shares of KBR stock opened at $65.56 on Thursday. KBR has a twelve month low of $49.37 and a twelve month high of $66.60. The stock has a market capitalization of $8.83 billion, a P/E ratio of -34.15, a PEG ratio of 1.37 and a beta of 0.92. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 1.30. The business’s fifty day moving average price is $62.29 and its 200 day moving average price is $57.01.

KBR Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were issued a dividend of $0.15 per share. This is a boost from KBR’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.92%. KBR’s dividend payout ratio (DPR) is -31.25%.

Analysts Set New Price Targets

KBR has been the subject of several recent research reports. Truist Financial raised their price target on KBR from $72.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. DA Davidson raised their price target on KBR from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday. KeyCorp raised their price target on KBR from $63.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. StockNews.com raised KBR from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th. Finally, UBS Group dropped their price target on KBR from $65.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $73.86.

Insider Activity at KBR

In related news, EVP Jennifer Myles sold 8,000 shares of KBR stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $58.95, for a total value of $471,600.00. Following the transaction, the executive vice president now owns 38,524 shares in the company, valued at $2,270,989.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.08% of the stock is 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.