$1.03 Billion in Sales Expected for KBR, Inc. (KBR) This Quarter
Brokerages forecast that KBR, Inc. (NYSE:KBR) will announce $1.03 billion in sales for the current quarter, according to Zacks. Three analysts have issued estimates for KBR’s earnings. The lowest sales estimate is $931.15 million and the highest is $1.09 billion. KBR posted sales of $1.07 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 3.7%. The company is scheduled to report its next quarterly earnings report on Tuesday, November 7th.
On average, analysts expect that KBR will report full year sales of $1.03 billion for the current year, with estimates ranging from $4.04 billion to $4.38 billion. For the next year, analysts forecast that the business will report sales of $4.35 billion per share, with estimates ranging from $4.05 billion to $4.51 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow KBR.
KBR (NYSE:KBR) last announced its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.05. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.10 billion. KBR had a positive return on equity of 8.74% and a negative net margin of 0.81%. KBR’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 EPS.
Several equities analysts have recently commented on the company. BidaskClub raised KBR from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. TheStreet raised KBR from a “d+” rating to a “c-” rating in a research report on Thursday, August 3rd. Zacks Investment Research raised KBR from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Finally, Vertical Research raised KBR from a “hold” rating to a “buy” rating in a research report on Monday, May 1st. 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 company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $18.22.
KBR (NYSE:KBR) opened at 16.16 on Monday. The company’s 50 day moving average price is $15.53 and its 200 day moving average price is $15.25. The company’s market cap is $2.26 billion. KBR has a 52-week low of $13.16 and a 52-week high of $17.95.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 15th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Thursday, September 14th. KBR’s dividend payout ratio is currently -128.00%.
Large investors have recently modified their holdings of the company. FMR LLC increased its stake in shares of KBR by 47.9% in the second quarter. FMR LLC now owns 21,472,623 shares of the construction company’s stock worth $326,814,000 after buying an additional 6,956,217 shares in the last quarter. BlackRock Inc. increased its stake in shares of KBR by 12.6% in the second quarter. BlackRock Inc. now owns 15,451,221 shares of the construction company’s stock worth $235,167,000 after buying an additional 1,726,589 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of KBR by 2.9% in the second quarter. Vanguard Group Inc. now owns 11,856,863 shares of the construction company’s stock worth $180,461,000 after buying an additional 334,896 shares in the last quarter. Huber Capital Management LLC increased its stake in shares of KBR by 0.7% in the second quarter. Huber Capital Management LLC now owns 8,330,385 shares of the construction company’s stock worth $126,788,000 after buying an additional 61,300 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of 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. 99.74% of the stock is currently owned by institutional investors and hedge funds.
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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