$973.68 Million in Sales Expected for KBR, Inc. (KBR) This Quarter

Analysts expect that KBR, Inc. (NYSE:KBR) will announce sales of $973.68 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for KBR’s earnings, with the lowest sales estimate coming in at $929.05 million and the highest estimate coming in at $997.00 million. KBR reported sales of $1.19 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 18.2%. The business is expected to report its next quarterly earnings report on Friday, February 23rd.

On average, analysts expect that KBR will report full year sales of $973.68 million for the current financial year, with estimates ranging from $4.15 billion to $4.23 billion. For the next year, analysts expect that the business will report sales of $4.29 billion per share, with estimates ranging from $4.15 billion to $4.38 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for KBR.

KBR has been the subject of a number of recent analyst reports. Credit Suisse Group upped their price target on KBR from $19.00 to $22.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. Deutsche Bank upped their price target on KBR from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, October 24th. ValuEngine raised KBR from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Citigroup upped their price target on KBR from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. Finally, Zacks Investment Research lowered KBR from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. KBR presently has a consensus rating of “Buy” and a consensus target price of $21.43.

Large investors have recently made changes to their positions in the company. Zions Bancorporation bought a new position in shares of KBR in the 3rd quarter worth approximately $113,000. Balter Liquid Alternatives LLC bought a new position in shares of KBR in the 4th quarter worth approximately $138,000. Strs Ohio raised its position in shares of KBR by 141.7% in the 3rd quarter. Strs Ohio now owns 8,700 shares of the construction company’s stock worth $155,000 after acquiring an additional 5,100 shares in the last quarter. Shelton Capital Management bought a new position in shares of KBR in the 2nd quarter worth approximately $160,000. Finally, GSA Capital Partners LLP bought a new position in shares of KBR in the 2nd quarter worth approximately $162,000.

KBR (NYSE:KBR) opened at $17.69 on Monday. The company has a market capitalization of $2,478.01, a P/E ratio of 34.69, a price-to-earnings-growth ratio of 1.47 and a beta of 1.03. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.59. KBR has a 52-week low of $13.36 and a 52-week high of $21.69.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 15th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Wednesday, March 14th. KBR’s dividend payout ratio is currently 62.75%.

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About KBR

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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