DA Davidson Research Analysts Lift Earnings Estimates for KBR, Inc. (NYSE:KBR)

KBR, Inc. (NYSE:KBR) – Stock analysts at DA Davidson raised their FY2024 earnings estimates for shares of KBR in a report issued on Wednesday, May 1st. DA Davidson analyst B. Thielman now anticipates that the construction company will post earnings of $3.23 per share for the year, up from their previous forecast of $3.17. DA Davidson currently has a “Buy” rating and a $78.00 target price on the stock. The consensus estimate for KBR’s current full-year earnings is $3.21 per share.

Several other analysts also recently commented on the company. KeyCorp increased their price objective on 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 price objective on KBR from $80.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Citigroup upped their target price on shares of KBR from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. UBS Group dropped their price target on shares of KBR from $65.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, February 2nd. Finally, 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. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, KBR presently has an average rating of “Buy” and a consensus target price of $73.86.

KBR Trading Up 0.4 %

KBR opened at $66.79 on Friday. The firm has a market capitalization of $8.97 billion, a PE ratio of -34.79, a P/E/G ratio of 1.29 and a beta of 0.92. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.10 and a quick ratio of 1.05. KBR has a fifty-two week low of $49.37 and a fifty-two week high of $66.98. The company’s 50-day moving average is $62.58 and its 200 day moving average is $57.12.

KBR (NYSE:KBR) last announced its quarterly earnings results on Tuesday, April 30th. The construction company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. KBR had a negative net margin of 3.65% and a positive return on equity of 26.14%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the previous year, the business posted $0.67 EPS. KBR’s quarterly revenue was up 6.8% on a year-over-year basis.

KBR Increases Dividend

The business also recently declared 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 represents a $0.60 annualized dividend and a dividend yield of 0.90%. This is a positive change from KBR’s previous quarterly dividend of $0.14. KBR’s dividend payout ratio (DPR) is presently -31.25%.

Insider Buying and Selling

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

Hedge Funds Weigh In On KBR

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jennison Associates LLC lifted its stake in shares of KBR by 7.0% during the 4th quarter. Jennison Associates LLC now owns 1,526,058 shares of the construction company’s stock valued at $84,559,000 after buying an additional 99,196 shares in the last quarter. UBS Group AG lifted its position in shares of KBR by 14.6% during the third quarter. UBS Group AG now owns 427,656 shares of the construction company’s stock worth $25,206,000 after acquiring an additional 54,623 shares in the last quarter. Custom Index Systems LLC bought a new position in shares of KBR in the fourth quarter worth $275,000. Strs Ohio boosted its holdings in shares of KBR by 212.1% in the third quarter. Strs Ohio now owns 89,524 shares of the construction company’s stock worth $5,276,000 after acquiring an additional 60,840 shares during the period. Finally, AXQ Capital LP grew its position in shares of KBR by 687.1% in the third quarter. AXQ Capital LP now owns 24,400 shares of the construction company’s stock valued at $1,438,000 after purchasing an additional 21,300 shares in the last quarter. Institutional investors own 97.02% of the company’s stock.

About KBR

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.