KBR, Inc. (NYSE:KBR) declared a quarterly dividend on Thursday, May 16th, Wall Street Journal reports. Shareholders of record on Monday, June 17th will be given a dividend of 0.08 per share by the construction company on Monday, July 15th. This represents a $0.32 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Friday, June 14th.
KBR has a dividend payout ratio of 22.1% meaning its dividend is sufficiently covered by earnings. Analysts expect KBR to earn $1.92 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 16.7%.
KBR stock traded up $0.14 during trading hours on Monday, reaching $25.08. The company had a trading volume of 1,175,400 shares, compared to its average volume of 1,448,250. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 1.67 and a beta of 1.45. KBR has a 12-month low of $13.90 and a 12-month high of $25.28. The stock has a 50-day simple moving average of $23.11. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.31 and a current ratio of 1.31.
Several equities research analysts recently weighed in on the company. KeyCorp lifted their price target on KBR from $24.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, May 6th. Zacks Investment Research raised KBR from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Tuesday, April 2nd. TheStreet downgraded KBR from a “b” rating to a “c+” rating in a report on Monday, March 25th. ValuEngine raised KBR from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Finally, Cowen reissued a “hold” rating and issued a $23.00 target price on shares of KBR in a report on Monday, April 15th. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $24.50.
KBR, Inc provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction. The Government Services segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for government agencies in the United States, the United Kingdom, and Australia.
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