KBR, Inc. Forecasted to Earn Q2 2017 Earnings of $0.49 Per Share (NYSE:KBR)
KBR, Inc. (NYSE:KBR) – Stock analysts at KeyCorp lifted their Q2 2017 earnings per share estimates for KBR in a research report issued on Wednesday. KeyCorp analyst T. Afzal now anticipates that the construction company will post earnings per share of $0.49 for the quarter, up from their previous estimate of $0.41. KeyCorp also issued estimates for KBR’s FY2018 earnings at $1.30 EPS.
KBR (NYSE:KBR) last issued its earnings results on Friday, April 28th. The construction company reported $0.28 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.28. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. KBR had a negative net margin of 1.51% and a positive return on equity of 4.79%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 earnings per share.
A number of other equities analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of KBR from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. BidaskClub upgraded shares of KBR from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, Vertical Research upgraded shares of KBR from a “hold” rating to a “buy” rating in a research report on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $17.83.
Shares of KBR (NYSE:KBR) opened at 15.40 on Monday. KBR has a one year low of $13.16 and a one year high of $17.95. The stock’s market cap is $2.20 billion. The stock has a 50 day moving average of $15.01 and a 200 day moving average of $15.35.
A number of hedge funds have recently bought and sold shares of KBR. FMR LLC raised its stake in KBR by 235.2% in the first quarter. FMR LLC now owns 14,516,406 shares of the construction company’s stock worth $218,181,000 after buying an additional 10,186,349 shares in the last quarter. BlackRock Inc. raised its stake in KBR by 7,264.8% in the first quarter. BlackRock Inc. now owns 13,724,632 shares of the construction company’s stock worth $206,282,000 after buying an additional 13,538,277 shares in the last quarter. Vanguard Group Inc. raised its stake in KBR by 4.6% in the first quarter. Vanguard Group Inc. now owns 11,521,967 shares of the construction company’s stock worth $173,176,000 after buying an additional 505,102 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in KBR by 23.4% in the first quarter. Dimensional Fund Advisors LP now owns 5,115,303 shares of the construction company’s stock worth $76,881,000 after buying an additional 970,602 shares in the last quarter. Finally, Pzena Investment Management LLC raised its stake in KBR by 2.3% in the first quarter. Pzena Investment Management LLC now owns 4,942,159 shares of the construction company’s stock worth $74,281,000 after buying an additional 111,802 shares in the last quarter. 99.75% of the stock is owned by institutional investors.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Thursday, June 15th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date was Tuesday, June 13th. KBR’s dividend payout ratio 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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