KBR (NYSE:KBR) Updates FY 2024 Earnings Guidance

KBR (NYSE:KBR) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 3.100-3.300 for the period, compared to the consensus earnings per share estimate of 3.210. The company issued revenue guidance of $7.4 billion-$7.7 billion, compared to the consensus revenue estimate of $7.5 billion. KBR also updated its FY24 guidance to $3.10-$3.30 EPS.

Wall Street Analyst Weigh In

KBR has been the subject of a number of research analyst reports. KeyCorp upped their target price on shares of KBR from $63.00 to $65.00 and gave the stock an overweight rating in a research note on Wednesday, February 21st. Stifel Nicolaus raised their target price 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. UBS Group lowered their price target on shares of KBR from $65.00 to $63.00 and set a buy rating on the stock in a report on Friday, February 2nd. Truist Financial increased their price target on shares of KBR from $72.00 to $90.00 and gave the company a buy rating in a report on Tuesday, April 9th. Finally, Citigroup increased their price target on shares of KBR from $66.00 to $72.00 and gave the company a buy rating in a report on Monday, April 22nd. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, KBR presently has an average rating of Buy and an average price target of $73.43.

KBR Stock Down 1.6 %

NYSE:KBR traded down $1.04 during mid-day trading on Tuesday, reaching $64.96. The stock had a trading volume of 756,860 shares, compared to its average volume of 1,299,405. The stock has a 50-day simple moving average of $62.01 and a two-hundred day simple moving average of $56.92. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.05 and a current ratio of 1.05. KBR has a 12 month low of $49.37 and a 12 month high of $66.60.

KBR (NYSE:KBR) last announced its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.69 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.69. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.78 billion. KBR had a negative net margin of 3.81% and a positive return on equity of 25.08%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the firm posted $0.69 earnings per share. On average, research analysts anticipate that KBR will post 3.19 EPS for the current year.

KBR Increases Dividend

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

Insider Activity at KBR

In other KBR news, EVP Jennifer Myles sold 8,000 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 38,524 shares in the company, valued at $2,270,989.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.08% of the stock is currently owned by insiders.

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.