$1.03 Billion in Sales Expected for KBR, Inc. (KBR) This Quarter
Brokerages expect KBR, Inc. (NYSE:KBR) to report sales of $1.03 billion for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for KBR’s earnings. The highest sales estimate is $1.09 billion and the lowest is $931.15 million. 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 results on Tuesday, November 7th.
On average, analysts expect that KBR will report full-year sales of $1.03 billion for the current fiscal year, with estimates ranging from $4.04 billion to $4.38 billion. For the next fiscal year, analysts anticipate that the firm will post 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 a mean average based on a survey of sell-side research analysts that follow KBR.
KBR (NYSE:KBR) last released its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. KBR had a negative net margin of 0.81% and a positive return on equity of 8.74%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the business earned $0.35 EPS. The company’s revenue was up 8.4% compared to the same quarter last year.
A number of research firms have weighed in on KBR. BidaskClub raised shares of KBR from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. TheStreet raised shares of KBR from a “d+” rating to a “c-” rating in a research note on Thursday, August 3rd. Zacks Investment Research cut shares of KBR from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Finally, KeyCorp set a $20.00 target price on shares of KBR and gave the stock a “buy” rating in a research note on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $18.40.
Several institutional investors have recently modified their holdings of KBR. Capstone Asset Management Co. grew its stake in shares of KBR by 1.7% in the first quarter. Capstone Asset Management Co. now owns 17,241 shares of the construction company’s stock worth $259,000 after purchasing an additional 290 shares during the last quarter. Nationwide Fund Advisors grew its stake in shares of KBR by 0.3% in the first quarter. Nationwide Fund Advisors now owns 253,356 shares of the construction company’s stock worth $3,808,000 after purchasing an additional 649 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of KBR by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 49,851 shares of the construction company’s stock worth $749,000 after purchasing an additional 700 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of KBR by 10.1% in the first quarter. Canada Pension Plan Investment Board now owns 140,276 shares of the construction company’s stock worth $2,108,000 after purchasing an additional 12,866 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in shares of KBR by 2.9% in the first quarter. Great West Life Assurance Co. Can now owns 84,031 shares of the construction company’s stock worth $1,262,000 after purchasing an additional 2,387 shares during the last quarter. 99.74% of the stock is currently owned by institutional investors.
KBR (KBR) traded up 0.73% during mid-day trading on Wednesday, hitting $18.02. 442,127 shares of the stock were exchanged. The company has a 50 day moving average of $16.32 and a 200 day moving average of $15.18. The firm’s market cap is $2.52 billion. KBR has a 12-month low of $13.16 and a 12-month high of $18.25.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.32 annualized dividend and a dividend yield of 1.79%. KBR’s dividend payout ratio is -128.00%.
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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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