KBR, Inc. (NYSE:KBR) Plans Quarterly Dividend of $0.15

KBR, Inc. (NYSE:KBR) declared a quarterly dividend on Thursday, May 16th, Zacks reports. Stockholders of record on Monday, June 17th will be given a dividend of 0.15 per share by the construction company on Monday, July 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Monday, June 17th.

KBR has raised its dividend by an average of 10.5% annually over the last three years. KBR has a payout ratio of 15.5% meaning its dividend is sufficiently covered by earnings. Analysts expect KBR to earn $3.84 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 15.6%.

KBR Stock Performance

NYSE KBR opened at $63.32 on Friday. KBR has a 12 month low of $49.37 and a 12 month high of $68.68. The company has a 50-day moving average of $64.79 and a 200-day moving average of $59.32. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.30.

KBR (NYSE:KBR) last posted its quarterly earnings data 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 company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the prior year, the company posted $0.67 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, analysts anticipate that KBR will post 3.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

KBR has been the subject of a number of research analyst reports. UBS Group upped their price objective on shares of KBR from $68.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. Truist Financial boosted their target price on KBR from $72.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. StockNews.com upgraded KBR from a “hold” rating to a “buy” rating in a report on Wednesday, March 20th. KeyCorp boosted their target price on KBR from $63.00 to $65.00 and gave the stock an “overweight” rating in a report on Wednesday, February 21st. Finally, Stifel Nicolaus boosted their target price on KBR from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $76.00.

Insiders Place Their Bets

In other KBR news, EVP Sonia Galindo sold 4,660 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $66.00, for a total value of $307,560.00. Following the completion of the transaction, the executive vice president now owns 21,409 shares in the company, valued at approximately $1,412,994. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.08% of the stock is owned by company insiders.

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.