KBR (KBR) Set to Announce Quarterly Earnings on Tuesday

KBR (NYSE:KBR) is scheduled to be announcing its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.69 per share for the quarter. KBR has set its FY 2024 guidance at 3.100-3.300 EPS and its FY24 guidance at $3.10 to $3.30 EPS.Investors interested in participating in the company’s conference call can do so using this link.

KBR (NYSE:KBR) last issued its earnings results on Tuesday, February 20th. The construction company reported $0.69 EPS for the quarter, hitting analysts’ consensus estimates of $0.69. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.78 billion. KBR had a negative net margin of 3.81% and a positive return on equity of 25.08%. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 EPS. On average, analysts expect KBR to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

KBR Price Performance

Shares of KBR stock opened at $65.30 on Monday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.05 and a quick ratio of 1.05. The company’s 50-day simple moving average is $61.79 and its two-hundred day simple moving average is $56.89. KBR has a one year low of $49.37 and a one year high of $65.87. The company has a market capitalization of $8.79 billion, a P/E ratio of -31.85, a P/E/G ratio of 1.38 and a beta of 0.95.

KBR Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from KBR’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.92%. KBR’s dividend payout ratio (DPR) is currently -29.27%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KBR. KeyCorp increased their price objective on shares of KBR from $63.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday, February 21st. UBS Group dropped their price objective on shares of KBR from $65.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, February 2nd. Truist Financial increased their price objective on shares of KBR from $72.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Citigroup increased their price objective on shares of KBR from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, Stifel Nicolaus increased their price objective on shares of KBR from $80.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $73.43.

Insiders Place Their Bets

In other KBR news, EVP Jennifer Myles sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $58.95, for a total value of $471,600.00. Following the completion of the transaction, the executive vice president now owns 38,524 shares of the company’s stock, valued at $2,270,989.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.08% of the company’s stock.

KBR Company Profile

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.