FY2017 EPS Estimates for KBR, Inc. Raised by KeyCorp (NYSE:KBR)
KBR, Inc. (NYSE:KBR) – Stock analysts at KeyCorp raised their FY2017 earnings estimates for shares of KBR in a research note issued on Wednesday. KeyCorp analyst T. Afzal now expects that the construction company will earn $1.37 per share for the year, up from their prior estimate of $1.32. KeyCorp also issued estimates for KBR’s FY2019 earnings at $1.47 EPS.
KBR (NYSE:KBR) last issued its quarterly earnings data on Friday, April 28th. The construction company reported $0.28 EPS for the quarter, hitting analysts’ consensus estimates of $0.28. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. KBR had a positive return on equity of 4.79% and a negative net margin of 1.51%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 EPS.
Several other research firms have also issued reports on KBR. Zacks Investment Research lowered shares of KBR from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. BidaskClub upgraded shares of KBR from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Vertical Research upgraded shares of KBR from a “hold” rating to a “buy” rating in a report on Monday, May 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $17.83.
Shares of KBR (NYSE KBR) traded down 0.45% during mid-day trading on Friday, reaching $15.48. The company’s stock had a trading volume of 150,183 shares. The company’s market cap is $2.22 billion. The company has a 50-day moving average of $15.01 and a 200-day moving average of $15.35. KBR has a 12 month low of $13.16 and a 12 month high of $17.95.
Large investors have recently bought and sold shares of the company. 1060 Capital LLC bought a new stake in KBR during the first quarter worth approximately $19,915,000. State Treasurer State of Michigan increased its stake in KBR by 1.2% in the first quarter. State Treasurer State of Michigan now owns 58,042 shares of the construction company’s stock worth $872,000 after buying an additional 700 shares during the period. BlueCrest Capital Management Ltd bought a new stake in KBR during the first quarter worth approximately $267,000. Macquarie Group Ltd. increased its stake in KBR by 0.3% in the fourth quarter. Macquarie Group Ltd. now owns 316,300 shares of the construction company’s stock worth $5,279,000 after buying an additional 950 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in KBR by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 36,100 shares of the construction company’s stock worth $543,000 after buying an additional 800 shares during the period. 99.75% of the stock is owned by institutional investors and hedge funds.
The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Thursday, June 15th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date was Tuesday, June 13th. KBR’s dividend payout ratio (DPR) is presently -68.08%.
KBR, Inc is a provider of professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. The Company operates through business segments, including Technology & Consulting (T&C), Engineering & Construction (E&C), Government Services (GS), Non-strategic Business and Other.
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