Equities Analysts Set Expectations for KBR Inc.’s Q3 2016 Earnings (KBR)
KBR Inc. (NYSE:KBR) – Equities research analysts at DA Davidson increased their Q3 2016 earnings per share estimates for shares of KBR in a research note issued on Monday. DA Davidson analyst J. Rogers now anticipates that the firm will post earnings of $0.33 per share for the quarter, up from their prior forecast of $0.32. DA Davidson has a “Buy” rating and a $20.00 price target on the stock. DA Davidson also issued estimates for KBR’s Q4 2016 earnings at $0.29 EPS, FY2016 earnings at $1.32 EPS and Q4 2017 earnings at $0.35 EPS.
Several other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of KBR from a “buy” rating to a “hold” rating in a research report on Wednesday. Johnson Rice upgraded shares of KBR from a “hold” rating to an “accumulate” rating and set a $18.00 price target on the stock in a research report on Wednesday. Deutsche Bank AG upgraded shares of KBR from a “hold” rating to a “buy” rating and boosted their price target for the stock from $14.00 to $16.00 in a research report on Tuesday. MKM Partners set a $15.00 price target on KBR and gave the stock a “hold” rating in a research note on Monday. Finally, Credit Suisse Group AG reissued a “buy” rating and issued a $18.00 price target on shares of KBR in a research note on Monday. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. KBR currently has a consensus rating of “Hold” and a consensus target price of $17.33.
KBR (NYSE:KBR) opened at 16.18 on Thursday. KBR has a one year low of $11.61 and a one year high of $19.94. The firm has a market cap of $2.31 billion, a PE ratio of 12.54 and a beta of 1.54. The company has a 50 day moving average of $14.78 and a 200-day moving average of $14.62.
KBR (NYSE:KBR) last released its quarterly earnings results 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 the consensus estimate of $1.05 billion. KBR had a net margin of 4.34% and a return on equity of 18.60%. The business’s revenue was down 26.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 EPS.
Several large investors have recently made changes to their positions in the stock. Nisa Investment Advisors L.L.C. boosted its stake in shares of KBR by 1.5% in the first quarter. Nisa Investment Advisors L.L.C. now owns 53,466 shares of the company’s stock valued at $828,000 after buying an additional 800 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of KBR during the first quarter valued at approximately $2,214,000. Prudential Financial Inc. boosted its stake in shares of KBR by 7.2% in the first quarter. Prudential Financial Inc. now owns 1,826,408 shares of the company’s stock valued at $28,273,000 after buying an additional 122,940 shares during the last quarter. BlackRock Inc. boosted its stake in shares of KBR by 4.0% in the first quarter. BlackRock Inc. now owns 153,621 shares of the company’s stock valued at $2,378,000 after buying an additional 5,889 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of KBR by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,170,243 shares of the company’s stock valued at $64,555,000 after buying an additional 15,371 shares during the last quarter. 97.24% of the stock is owned by institutional investors and hedge funds.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders 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 yield of 1.98%. KBR’s dividend payout ratio (DPR) is presently 24.81%.
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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