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

KBR, Inc. (NYSE:KBR) announced a quarterly dividend on Wednesday, August 21st, Wall Street Journal reports. Shareholders of record on Monday, September 16th will be paid a dividend of 0.15 per share by the construction company on Tuesday, October 15th. This represents a $0.60 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Monday, September 16th.

KBR has increased its dividend by an average of 10.5% annually over the last three years. KBR has a dividend payout ratio of 15.5% meaning its dividend is sufficiently covered by earnings. Equities research 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 Trading Down 0.0 %

KBR stock traded down $0.02 during midday trading on Thursday, reaching $66.71. 370,454 shares of the company traded hands, compared to its average volume of 1,138,182. The firm has a market capitalization of $8.96 billion, a price-to-earnings ratio of -34.74, a P/E/G ratio of 1.36 and a beta of 0.90. The business has a 50 day moving average of $65.05 and a 200-day moving average of $63.22. KBR has a 52-week low of $49.37 and a 52-week high of $69.37. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.10 and a current ratio of 1.10.

KBR (NYSE:KBR) last released its earnings results on Wednesday, July 24th. The construction company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.04. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.88 billion. KBR had a return on equity of 27.92% and a net margin of 2.77%. As a group, sell-side analysts expect that KBR will post 3.24 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Jalal Ibrahim sold 35,000 shares of KBR stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $66.56, for a total value of $2,329,600.00. Following the sale, the insider now directly owns 106,550 shares in the company, valued at approximately $7,091,968. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.08% of the company’s stock.

Wall Street Analysts Forecast Growth

KBR has been the topic of several recent research reports. StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 12th. UBS Group increased their target price on KBR from $68.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, May 14th. Stifel Nicolaus increased their target price on KBR from $83.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, DA Davidson reaffirmed a “buy” rating and set a $78.00 target price on shares of KBR in a research report on Tuesday, June 25th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $76.00.

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.