KBR, Inc. (NYSE:KBR) Expected to Post Quarterly Sales of $1.07 Billion
Analysts expect that KBR, Inc. (NYSE:KBR) will post $1.07 billion in sales for the current quarter, according to Zacks. Three analysts have provided estimates for KBR’s earnings, with the highest sales estimate coming in at $1.09 billion and the lowest estimate coming in at $1.05 billion. KBR posted sales of $1.01 billion during the same quarter last year, which would indicate a positive year over year growth rate of 5.9%. The business is scheduled to report its next quarterly earnings report before the market opens on Wednesday, August 2nd.
According to Zacks, analysts expect that KBR will report full year sales of $1.07 billion for the current year, with estimates ranging from $4.16 billion to $4.36 billion. For the next financial year, analysts forecast that the business will report sales of $4.39 billion per share, with estimates ranging from $4.20 billion to $4.51 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover KBR.
KBR (NYSE:KBR) last announced its earnings results on Friday, April 28th. The construction company reported $0.28 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.28. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. KBR had a positive return on equity of 4.79% and a negative net margin of 1.51%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.30 EPS.
A number of analysts recently weighed in on KBR shares. Zacks Investment Research upgraded KBR from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Vertical Research upgraded KBR from a “hold” rating to a “buy” rating in a research note on Monday, May 1st. Finally, BidaskClub upgraded KBR from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $18.22.
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Shares of KBR (KBR) traded down 0.87% on Thursday, hitting $14.87. The stock had a trading volume of 1,750,290 shares. KBR has a one year low of $13.16 and a one year high of $17.95. The firm’s 50-day moving average is $15.10 and its 200-day moving average is $15.29. The company’s market cap is $2.13 billion.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Thursday, June 15th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $0.32 annualized dividend and a yield of 2.13%. KBR’s dividend payout ratio is presently -68.08%.
A number of institutional investors have recently modified their holdings of the company. Quantbot Technologies LP purchased a new position in shares of KBR during the first quarter valued at about $109,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of KBR by 322.2% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,600 shares of the construction company’s stock valued at $114,000 after buying an additional 5,800 shares in the last quarter. Paragon Capital Management Ltd purchased a new position in shares of KBR during the second quarter valued at about $172,000. LS Investment Advisors LLC boosted its position in shares of KBR by 20.3% in the second quarter. LS Investment Advisors LLC now owns 11,894 shares of the construction company’s stock valued at $181,000 after buying an additional 2,004 shares in the last quarter. Finally, E&G Advisors LP purchased a new position in shares of KBR during the second quarter valued at about $190,000. 99.77% of the stock is owned by hedge funds and other institutional investors.
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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