KBR, Inc. (KBR) Updates FY17 Earnings Guidance
KBR, Inc. (NYSE:KBR) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.35-1.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.43.
Several brokerages have issued reports on KBR. Zacks Investment Research upgraded KBR from a hold rating to a strong-buy rating and set a $22.00 target price for the company in a research note on Wednesday, October 25th. Deutsche Bank AG increased their target price on KBR from $18.00 to $20.00 and gave the company a buy rating in a research note on Tuesday, October 24th. Citigroup Inc. increased their target price on KBR from $17.00 to $20.00 and gave the company a neutral rating in a research note on Friday. KeyCorp reiterated a buy rating and set a $20.00 target price on shares of KBR in a research note on Friday, October 6th. Finally, BidaskClub upgraded KBR from a sell rating to a hold rating in a research note on Saturday, August 5th. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $20.43.
Shares of KBR, Inc. (NYSE:KBR) traded up 6.39% on Tuesday, hitting $19.80. The stock had a trading volume of 2,884,634 shares. The firm has a 50 day moving average price of $18.05 and a 200-day moving average price of $15.96. KBR, Inc. has a 52 week low of $13.17 and a 52 week high of $19.90. The company’s market cap is $2.77 billion.
KBR (NYSE:KBR) last released its earnings results on Wednesday, August 2nd. The construction company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. KBR had a positive return on equity of 8.74% and a negative net margin of 0.81%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 earnings per share. Analysts anticipate that KBR, Inc. will post $1.44 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 15th will be issued a $0.08 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.72%. KBR’s dividend payout ratio is presently -128.00%.
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KBR, Inc is a provider of professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. The Company operates through business segments, including Technology & Consulting (T&C), Engineering & Construction (E&C), Government Services (GS), Non-strategic Business and Other.
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