Brokers Set Expectations for KBR Inc.’s FY2018 Earnings (KBR)
KBR Inc. (NYSE:KBR) – Research analysts at KeyCorp issued their FY2018 earnings per share estimates for KBR in a research report issued on Monday. KeyCorp analyst T. Afzal anticipates that the firm will post earnings of $1.42 per share for the year.
KBR has been the topic of a number of other reports. MKM Partners set a $16.00 price target on shares of KBR and gave the company a “hold” rating in a research report on Tuesday, September 13th. Zacks Investment Research downgraded shares of KBR from a “hold” rating to a “sell” rating in a research report on Monday, July 4th. Janney Montgomery Scott reiterated a “buy” rating on shares of KBR in a research report on Tuesday, August 16th. DA Davidson set a $20.00 price target on shares of KBR and gave the company a “buy” rating in a research report on Monday, August 15th. Finally, Vetr upgraded shares of KBR from a “sell” rating to a “hold” rating and set a $14.30 price target on the stock in a research report on Monday, July 25th. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. KBR presently has a consensus rating of “Hold” and a consensus target price of $16.93.
KBR (NYSE:KBR) traded up 1.87% during mid-day trading on Wednesday, reaching $14.70. 420,196 shares of the company’s stock traded hands. KBR has a 1-year low of $11.61 and a 1-year high of $19.94. The firm has a 50-day moving average price of $14.99 and a 200-day moving average price of $14.63. The stock has a market cap of $2.09 billion, a P/E ratio of 11.40 and a beta of 1.65.
KBR (NYSE:KBR) last posted its earnings results on Friday, July 29th. The company reported $0.32 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. The company earned $1.01 billion during the quarter, compared to the consensus estimate of $1.05 billion. KBR had a net margin of 4.34% and a return on equity of 18.60%. The company’s revenue for the quarter was down 26.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.46 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.32 annualized dividend and a dividend yield of 2.22%. KBR’s dividend payout ratio is currently 24.81%.
Institutional investors have recently modified their holdings of the company. LSV Asset Management acquired a new position in shares of KBR during the second quarter valued at $100,000. Fuller & Thaler Asset Management Inc. purchased a new position in KBR during the second quarter valued at $102,000. LS Investment Advisors LLC boosted its position in KBR by 71.7% in the second quarter. LS Investment Advisors LLC now owns 8,665 shares of the company’s stock valued at $115,000 after buying an additional 3,619 shares in the last quarter. Sei Investments Co. boosted its position in KBR by 18.9% in the second quarter. Sei Investments Co. now owns 8,854 shares of the company’s stock valued at $117,000 after buying an additional 1,405 shares in the last quarter. Finally, World Asset Management Inc boosted its position in KBR by 0.6% in the second quarter. World Asset Management Inc now owns 10,187 shares of the company’s stock valued at $135,000 after buying an additional 58 shares in the last quarter. 97.24% of the stock is owned by institutional investors.
KBR, Inc (KBR) is an engineering, procurement, construction and services company. The Company supports global hydrocarbons and international Government services market sectors. It operates through three business segments: Technology & Consulting (T&C), Engineering & Construction (E&C), and Government Services (GS).
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