KBR (NYSE:KBR) Updates FY24 Earnings Guidance

KBR (NYSE:KBR) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $3.10-$3.30 for the period, compared to the consensus estimate of $3.21. The company issued revenue guidance of $7.40-$7.70 billion, compared to the consensus revenue estimate of $7.52 billion. KBR also updated its FY 2024 guidance to 3.100-3.300 EPS.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Citigroup boosted their target price on shares of KBR from $66.00 to $72.00 and gave the company a buy rating in a research report on Monday, April 22nd. Stifel Nicolaus boosted their target price on KBR from $80.00 to $83.00 and gave the stock a buy rating in a research note on Tuesday, April 23rd. KeyCorp upped their price objective on KBR from $63.00 to $65.00 and gave the company an overweight rating in a research note on Wednesday, February 21st. DA Davidson upped their price objective on KBR from $70.00 to $78.00 and gave the company a buy rating in a research note on Wednesday. Finally, Truist Financial increased their target price on shares of KBR from $72.00 to $90.00 and gave the company a buy rating in a research report on Tuesday, April 9th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of Buy and an average target price of $73.86.

KBR Stock Up 0.4 %

Shares of KBR traded up $0.27 during trading hours on Friday, reaching $66.78. The stock had a trading volume of 1,211,180 shares, compared to its average volume of 1,321,623. KBR has a 12 month low of $49.37 and a 12 month high of $66.98. The firm has a 50-day simple moving average of $62.43 and a 200 day simple moving average of $57.08. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 1.30. 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 (NYSE:KBR) last issued its earnings results on Tuesday, April 30th. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. KBR had a positive return on equity of 26.14% and a negative net margin of 3.65%. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same period last year, the business earned $0.67 EPS. KBR’s quarterly revenue was up 6.8% compared to the same quarter last year. Equities research analysts predict that KBR will post 3.2 earnings per share for the current fiscal year.

KBR Increases Dividend

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

Insider Activity

In other news, EVP Jennifer Myles sold 8,000 shares of the firm’s 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 sale, the executive vice president now directly owns 38,524 shares of the company’s stock, valued at approximately $2,270,989.80. The sale was disclosed in a legal filing with the SEC, which is available at 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.