Equities Analysts Issue Forecasts for KBR Inc.’s FY2018 Earnings (KBR)
KBR Inc. (NYSE:KBR) – KeyCorp issued their FY2018 EPS estimates for KBR in a research note issued on Monday. KeyCorp analyst T. Afzal forecasts that the brokerage will post earnings per share of $1.42 for the year.
KBR (NYSE:KBR) last announced its earnings results on Friday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. KBR had a net margin of 4.34% and a return on equity of 18.60%. The business earned $1.01 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the business posted $0.46 earnings per share. KBR’s revenue for the quarter was down 26.9% on a year-over-year basis.
Several other equities analysts have also recently issued reports on the stock. MKM Partners set a $16.00 target price on shares of KBR and gave the company a “hold” rating in a research note on Tuesday, September 13th. Zacks Investment Research upgraded shares of KBR from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Monday, July 18th. Janney Montgomery Scott reaffirmed a “buy” rating on shares of KBR in a research report on Tuesday, August 16th. Vetr raised shares of KBR from a “sell” rating to a “hold” rating and set a $14.30 price target for the company in a research report on Monday, July 25th. Finally, DA Davidson set a $20.00 price target on shares of KBR and gave the company a “buy” rating in a research report on Monday, August 15th. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. KBR has an average rating of “Hold” and a consensus target price of $16.93.
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Shares of KBR (NYSE:KBR) traded up 1.76% during midday trading on Wednesday, reaching $14.43. 817,489 shares of the company’s stock traded hands. KBR has a one year low of $11.61 and a one year high of $19.94. The stock’s 50-day moving average price is $15.02 and its 200 day moving average price is $14.63. The firm has a market capitalization of $2.06 billion, a PE ratio of 11.19 and a beta of 1.65.
A number of large investors have recently made changes to their positions in the stock. LSV Asset Management bought a new stake in shares of KBR during the second quarter worth about $100,000. Fuller & Thaler Asset Management Inc. bought a new stake in shares of KBR during the second quarter worth about $102,000. LS Investment Advisors LLC raised its stake in shares of KBR by 71.7% in the second quarter. LS Investment Advisors LLC now owns 8,665 shares of the company’s stock worth $115,000 after buying an additional 3,619 shares during the period. Sei Investments Co. raised its stake in shares of KBR by 18.9% in the second quarter. Sei Investments Co. now owns 8,854 shares of the company’s stock worth $117,000 after buying an additional 1,405 shares during the period. Finally, 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. 97.24% of the stock is owned by institutional investors and hedge funds.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 15th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.22%. 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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