KBR, Inc. (NYSE:KBR) Expected to Announce Earnings of $0.39 Per Share

Wall Street brokerages expect KBR, Inc. (NYSE:KBR) to post earnings per share of $0.39 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for KBR’s earnings, with estimates ranging from $0.38 to $0.41. KBR posted earnings per share of $0.34 in the same quarter last year, which indicates a positive year over year growth rate of 14.7%. The business is expected to issue its next quarterly earnings report on Monday, July 29th.

According to Zacks, analysts expect that KBR will report full year earnings of $1.66 per share for the current financial year, with EPS estimates ranging from $1.63 to $1.70. For the next financial year, analysts forecast that the business will report earnings of $1.92 per share, with EPS estimates ranging from $1.85 to $2.00. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for KBR.

KBR (NYSE:KBR) last released its quarterly earnings results on Wednesday, May 1st. The construction company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. KBR had a return on equity of 12.84% and a net margin of 3.51%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.20 billion.

KBR has been the topic of several research analyst reports. KeyCorp upped their target price 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 upgraded KBR from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Tuesday, April 2nd. TheStreet lowered KBR from a “b” rating to a “c+” rating in a research report on Monday, March 25th. ValuEngine upgraded KBR from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Finally, Cowen set a $23.00 target price on KBR and gave the company a “hold” rating in a research report on Tuesday, February 26th. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $24.50.

Institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP grew its holdings in KBR by 9.1% during the first quarter. First Trust Advisors LP now owns 156,431 shares of the construction company’s stock valued at $2,986,000 after purchasing an additional 13,092 shares during the period. Loews Corp grew its holdings in KBR by 2.7% during the first quarter. Loews Corp now owns 25,471 shares of the construction company’s stock valued at $486,000 after purchasing an additional 663 shares during the period. CNA Financial Corp grew its holdings in KBR by 8.3% during the first quarter. CNA Financial Corp now owns 134,684 shares of the construction company’s stock valued at $2,571,000 after purchasing an additional 10,265 shares during the period. Neuberger Berman Group LLC grew its holdings in KBR by 4.8% during the first quarter. Neuberger Berman Group LLC now owns 1,742,225 shares of the construction company’s stock valued at $33,254,000 after purchasing an additional 79,345 shares during the period. Finally, OppenheimerFunds Inc. grew its holdings in KBR by 2.1% during the first quarter. OppenheimerFunds Inc. now owns 1,414,153 shares of the construction company’s stock valued at $26,997,000 after purchasing an additional 28,457 shares during the period. Institutional investors own 98.86% of the company’s stock.

NYSE KBR opened at $24.54 on Wednesday. KBR has a 12 month low of $13.90 and a 12 month high of $24.97. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 15.85, a P/E/G ratio of 1.64 and a beta of 1.41. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.31 and a current ratio of 1.31.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, June 14th. This represents a $0.32 annualized dividend and a dividend yield of 1.30%. KBR’s payout ratio is 20.92%.

About KBR

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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Earnings History and Estimates for KBR (NYSE:KBR)

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