KBR (NYSE:KBR) Issues FY 2024 Earnings Guidance

KBR (NYSE:KBR) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 3.100-3.300 for the period, compared to the consensus 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.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. KeyCorp increased their price target on KBR from $63.00 to $65.00 and gave the stock an overweight rating in a report on Wednesday, February 21st. UBS Group lowered their target price on shares of KBR from $65.00 to $63.00 and set a buy rating for the company in a research note on Friday, February 2nd. Truist Financial boosted their price target 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 stock a buy rating in a research report on Monday, April 22nd. Finally, Stifel Nicolaus boosted their target price on KBR from $80.00 to $83.00 and gave the company a buy rating in a research report on Tuesday, April 23rd. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, KBR currently has an average rating of Buy and a consensus price target of $73.86.

KBR Stock Up 0.4 %

Shares of KBR stock traded up $0.27 during trading on Friday, reaching $66.78. The company’s stock had a trading volume of 1,211,180 shares, compared to its average volume of 1,321,623. The company has a market capitalization of $8.97 billion, a price-to-earnings ratio of -34.78, a P/E/G ratio of 1.39 and a beta of 0.92. KBR has a 1-year low of $49.37 and a 1-year high of $66.98. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.10 and a quick ratio of 1.05. The stock’s 50-day moving average price is $62.43 and its 200 day moving average price is $57.08.

KBR (NYSE:KBR) last posted its quarterly earnings data on Tuesday, April 30th. The construction company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.78 billion. KBR had a positive return on equity of 26.14% and a negative net margin of 3.65%. The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 earnings per share. On average, research analysts anticipate that KBR will post 3.2 EPS for the current year.

KBR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from KBR’s previous quarterly dividend of $0.14. KBR’s dividend payout ratio (DPR) is presently -31.25%.

Insider Buying and Selling

In related news, EVP Jennifer Myles sold 8,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were 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 owns 38,524 shares in the company, valued at $2,270,989.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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.