KBR (NYSE:KBR) Issues FY 2024 Earnings Guidance

KBR (NYSE:KBR) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 3.150-3.300 for the period, compared to the consensus EPS estimate of 3.240. The company issued revenue guidance of $7.4 billion-$7.7 billion, compared to the consensus revenue estimate of $7.6 billion. KBR also updated its FY24 guidance to $3.15-$3.30 EPS.

Analyst Ratings Changes

Several analysts have commented on the company. Stifel Nicolaus increased their target price on KBR from $83.00 to $84.00 and gave the company a buy rating in a research note on Thursday, May 9th. UBS Group increased their target price on KBR from $68.00 to $77.00 and gave the company a buy rating in a research note on Tuesday, May 14th. Truist Financial increased their target price on KBR from $72.00 to $90.00 and gave the company a buy rating in a research note on Tuesday, April 9th. DA Davidson restated a buy rating and issued a $78.00 price target on shares of KBR in a research note on Tuesday, June 25th. Finally, StockNews.com downgraded KBR from a strong-buy rating to a buy rating in a research note on Wednesday. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, KBR currently has an average rating of Buy and a consensus target price of $76.00.

KBR Stock Performance

NYSE KBR traded up $0.75 on Thursday, hitting $67.14. 288,015 shares of the company traded hands, compared to its average volume of 1,189,461. The company has a market capitalization of $9.02 billion, a price-to-earnings ratio of -34.57, a P/E/G ratio of 1.42 and a beta of 0.90. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.30. The business’s 50 day moving average price is $64.89 and its 200-day moving average price is $61.58. KBR has a 52-week low of $49.37 and a 52-week high of $69.37.

KBR (NYSE:KBR) last released its earnings results on Tuesday, April 30th. The construction company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.07. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.78 billion. KBR had a positive return on equity of 26.14% and a negative net margin of 3.65%. KBR’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 earnings per share. Equities analysts expect that KBR will post 3.22 earnings per share for the current year.

KBR Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, June 17th were given a dividend of $0.15 per share. The ex-dividend date was Monday, June 17th. This represents a $0.60 annualized dividend and a yield of 0.89%. KBR’s dividend payout ratio (DPR) is presently -31.25%.

Insider Activity at KBR

In other KBR news, EVP Sonia Galindo sold 4,660 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $66.00, for a total transaction of $307,560.00. Following the sale, the executive vice president now directly owns 21,409 shares of the company’s stock, valued at $1,412,994. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.08% of the stock is owned by company insiders.

About KBR

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.