Zacks: Brokerages Expect KBR, Inc. (KBR) to Announce $0.37 Earnings Per Share

Wall Street analysts expect KBR, Inc. (NYSE:KBR) to report earnings of $0.37 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for KBR’s earnings, with estimates ranging from $0.34 to $0.42. KBR reported earnings per share of $0.28 in the same quarter last year, which suggests a positive year over year growth rate of 32.1%. The company is expected to announce its next quarterly earnings results on Friday, February 22nd.

According to Zacks, analysts expect that KBR will report full year earnings of $1.52 per share for the current fiscal year, with EPS estimates ranging from $1.50 to $1.56. For the next fiscal year, analysts anticipate that the business will post earnings of $1.70 per share, with EPS estimates ranging from $1.59 to $1.85. Zacks’ EPS averages are an average based on a survey of research analysts that cover KBR.

KBR (NYSE:KBR) last released its earnings results on Tuesday, October 30th. The construction company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.07. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.32 billion. KBR had a return on equity of 13.40% and a net margin of 11.35%. The business’s revenue was up 23.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 EPS.

Several equities research analysts recently issued reports on KBR shares. Macquarie lowered KBR from an “outperform” rating to a “neutral” rating and set a $22.00 price target on the stock. in a research report on Wednesday, September 19th. Credit Suisse Group upped their price target on KBR from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Wednesday, October 31st. Drexel Hamilton set a $22.00 price target on KBR and gave the company a “buy” rating in a research report on Tuesday, October 30th. ValuEngine lowered KBR from a “hold” rating to a “sell” rating in a research report on Thursday, December 6th. Finally, Zacks Investment Research reissued a “strong-buy” rating and set a $23.00 price target on shares of KBR in a research report on Tuesday, November 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. KBR presently has a consensus rating of “Buy” and an average target price of $23.20.

Hedge funds and other institutional investors have recently modified their holdings of the business. Janney Montgomery Scott LLC acquired a new stake in KBR in the second quarter worth $179,000. PEAK6 Investments LLC acquired a new stake in KBR in the third quarter worth $211,000. Point72 Hong Kong Ltd increased its position in KBR by 514.1% in the second quarter. Point72 Hong Kong Ltd now owns 12,289 shares of the construction company’s stock worth $220,000 after buying an additional 10,288 shares during the period. Marshall Wace LLP acquired a new stake in KBR in the second quarter worth $222,000. Finally, Trilogy Capital Inc. acquired a new stake in KBR in the third quarter worth $234,000. 97.75% of the stock is currently owned by hedge funds and other institutional investors.

KBR stock opened at $15.84 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.69. The company has a market cap of $2.25 billion, a P/E ratio of 10.63, a PEG ratio of 1.00 and a beta of 1.11. KBR has a 12-month low of $14.40 and a 12-month high of $22.22.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 17th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Friday, December 14th. KBR’s dividend payout ratio is currently 21.48%.

About KBR

KBR, Inc provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction. The Government Services segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for government agencies in the United States, the United Kingdom, and Australia.

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