KBR, Inc. to Post FY2017 Earnings of $1.47 Per Share, DA Davidson Forecasts (KBR)
KBR, Inc. (NYSE:KBR) – Investment analysts at DA Davidson upped their FY2017 earnings per share estimates for shares of KBR in a report issued on Wednesday. DA Davidson analyst B. Thielman now forecasts that the construction company will post earnings per share of $1.47 for the year, up from their previous estimate of $1.42. DA Davidson has a “Neutral” rating and a $22.00 price objective on the stock. DA Davidson also issued estimates for KBR’s Q4 2017 earnings at $0.31 EPS, Q1 2018 earnings at $0.31 EPS, Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.36 EPS, FY2018 earnings at $1.35 EPS and FY2019 earnings at $1.54 EPS.
KBR has been the topic of a number of other research reports. BidaskClub cut KBR from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. TheStreet upgraded KBR from a “c” rating to a “b-” rating in a research report on Tuesday. Zacks Investment Research cut KBR from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Citigroup Inc. lifted their target price on KBR from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Finally, KeyCorp reiterated a “buy” rating and issued a $20.00 target price on shares of KBR in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $20.63.
TRADEMARK VIOLATION WARNING: This report was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/11/02/kbr-inc-to-post-fy2017-earnings-of-1-47-per-share-da-davidson-forecasts-kbr.html. KBR (NYSE:KBR) last released its earnings results on Tuesday, October 31st. The construction company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. KBR had a net margin of 1.63% and a return on equity of 10.22%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the company posted ($0.44) EPS. The company’s revenue was down 3.6% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Thursday, December 14th. KBR’s dividend payout ratio (DPR) is currently 62.75%.
Several large investors have recently added to or reduced their stakes in KBR. BlackRock Inc. grew its holdings in shares of KBR by 7,264.8% during the first quarter. BlackRock Inc. now owns 13,724,632 shares of the construction company’s stock worth $206,282,000 after purchasing an additional 13,538,277 shares during the last quarter. FMR LLC grew its holdings in shares of KBR by 47.9% during the second quarter. FMR LLC now owns 21,472,623 shares of the construction company’s stock worth $326,814,000 after purchasing an additional 6,956,217 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new stake in shares of KBR during the second quarter worth about $37,365,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of KBR by 25,686.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,355,595 shares of the construction company’s stock worth $20,632,000 after purchasing an additional 1,350,338 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of KBR by 26.4% during the second quarter. State Street Corp now owns 4,850,668 shares of the construction company’s stock worth $73,828,000 after purchasing an additional 1,013,321 shares during the last quarter. Institutional investors own 99.74% of the company’s stock.
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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