Analysts Expect KBR, Inc. (KBR) Will Post Earnings of $0.49 Per Share
Equities research analysts expect KBR, Inc. (NYSE:KBR) to announce earnings per share of $0.49 for the current quarter, Zacks reports. Three analysts have made estimates for KBR’s earnings, with the highest EPS estimate coming in at $0.51 and the lowest estimate coming in at $0.44. KBR reported earnings per share of $0.32 in the same quarter last year, which would indicate a positive year-over-year growth rate of 53.1%. The business is expected to announce its next earnings results before the market opens on Wednesday, August 2nd.
On average, analysts expect that KBR will report full year earnings of $1.34 per share for the current fiscal year, with EPS estimates ranging from $1.32 to $1.37. For the next financial year, analysts forecast that the business will report earnings of $1.28 per share, with EPS estimates ranging from $1.19 to $1.34. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for KBR.
KBR (NYSE:KBR) last issued its earnings results on Friday, April 28th. The construction company reported $0.28 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.28. KBR had a negative net margin of 1.51% and a positive return on equity of 4.79%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period last year, the company posted $0.30 earnings per share. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year.
A number of research firms have recently issued reports on KBR. Zacks Investment Research upgraded shares of KBR from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Vertical Research raised shares of KBR from a “hold” rating to a “buy” rating in a research report on Monday, May 1st. Finally, BidaskClub raised shares of KBR from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $17.83.
KBR (KBR) opened at 14.91 on Tuesday. KBR has a 52 week low of $13.16 and a 52 week high of $17.95. The stock’s market capitalization is $2.13 billion. The stock’s 50 day moving average is $15.01 and its 200-day moving average is $15.35.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Thursday, June 15th were given a $0.08 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.15%. KBR’s payout ratio is presently -68.08%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in shares of 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. 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. Norges Bank purchased a new stake in KBR during the fourth quarter worth about $22,520,000. 1060 Capital LLC purchased a new stake in KBR during the first quarter worth about $19,915,000. Finally, Massachusetts Financial Services Co. MA raised its stake in KBR by 46.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,590,766 shares of the construction company’s stock worth $53,970,000 after buying an additional 1,131,307 shares in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.
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KBR Company Profile
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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