KBR Inc. Forecasted to Post Q3 2016 Earnings of $0.35 Per Share (KBR)
KBR Inc. (NYSE:KBR) – William Blair cut their Q3 2016 EPS estimates for KBR in a research note issued to investors on Monday. William Blair analyst C. Jacobson now forecasts that the firm will post earnings per share of $0.35 for the quarter, down from their prior forecast of $0.36. William Blair also issued estimates for KBR’s FY2016 earnings at $1.37 EPS.
KBR (NYSE:KBR) last released its quarterly earnings data on Friday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.05 billion. KBR had a return on equity of 18.60% and a net margin of 4.34%. KBR’s quarterly revenue was down 26.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 earnings per share.
Other research analysts also recently issued reports about the company. Zacks Investment Research upgraded KBR from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Monday, July 18th. Johnson Rice upgraded KBR from a “hold” rating to an “accumulate” rating in a research note on Wednesday. DA Davidson restated a “buy” rating and issued a $20.00 price target on shares of KBR in a research note on Wednesday. Vetr upgraded KBR from a “sell” rating to a “hold” rating and set a $14.30 price target for the company in a research note on Monday, July 25th. Finally, Janney Montgomery Scott restated a “buy” rating on shares of KBR in a research note on Tuesday, August 16th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $17.23.
KBR (NYSE:KBR) traded up 9.43% during mid-day trading on Wednesday, hitting $15.43. The stock had a trading volume of 1,481,611 shares. KBR has a one year low of $11.61 and a one year high of $19.94. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 11.96 and a beta of 1.54. The stock’s 50 day moving average price is $14.75 and its 200 day moving average price is $14.60.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 15th will be given a $0.08 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.27%. KBR’s payout ratio is 24.81%.
Several hedge funds have recently added to or reduced their stakes in the stock. Emerald Acquisition Ltd. acquired a new stake in KBR during the second quarter worth about $27,089,000. Hotchkis & Wiley Capital Management LLC boosted its stake in KBR by 64.3% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 4,747,597 shares of the company’s stock worth $62,858,000 after buying an additional 1,858,400 shares during the last quarter. Cambiar Investors LLC acquired a new stake in KBR during the second quarter worth about $23,832,000. Visium Asset Management LP acquired a new stake in KBR during the second quarter worth about $22,525,000. Finally, Allianz Asset Management AG boosted its stake in KBR by 108.1% in the second quarter. Allianz Asset Management AG now owns 3,272,968 shares of the company’s stock worth $43,334,000 after buying an additional 1,700,105 shares during 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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