KBR (NYSE:KBR) Issues FY24 Earnings Guidance

KBR (NYSE:KBR) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $3.15-$3.30 for the period, compared to the consensus estimate of $3.23. The company issued revenue guidance of $7.4-$7.7 billion, compared to the consensus revenue estimate of $7.57 billion. KBR also updated its FY 2024 guidance to 3.150-3.300 EPS.

KBR Trading Down 3.2 %

Shares of KBR stock traded down $2.21 on Wednesday, reaching $66.38. 2,312,897 shares of the company’s stock were exchanged, compared to its average volume of 1,195,855. KBR has a 52 week low of $49.37 and a 52 week high of $69.37. 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 stock has a market capitalization of $8.91 billion, a PE ratio of -35.73, a P/E/G ratio of 1.42 and a beta of 0.90. The company’s fifty day simple moving average is $64.88 and its 200 day simple moving average is $61.55.

KBR (NYSE:KBR) last issued its quarterly earnings results on Tuesday, April 30th. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. KBR had a positive return on equity of 26.14% and a negative net margin of 3.65%. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same period last year, the company earned $0.67 EPS. KBR’s quarterly revenue was up 6.8% compared to the same quarter last year. As a group, analysts forecast that KBR will post 3.22 EPS for the current year.

KBR Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, June 17th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Monday, June 17th. KBR’s dividend payout ratio is currently -31.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on KBR shares. DA Davidson reissued a buy rating and set a $78.00 price target on shares of KBR in a research note on Tuesday, June 25th. Citigroup lifted their target price on KBR from $66.00 to $72.00 and gave the company a buy rating in a research report on Monday, April 22nd. Stifel Nicolaus lifted their target price on KBR from $83.00 to $84.00 and gave the company a buy rating in a research report on Thursday, May 9th. Truist Financial lifted their target price on KBR from $72.00 to $90.00 and gave the company a buy rating in a research report on Tuesday, April 9th. Finally, UBS Group lifted their target price on KBR from $68.00 to $77.00 and gave the company a buy rating in a research report on Tuesday, May 14th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, KBR has an average rating of Buy and an average target price of $76.00.

Insider Activity

In other news, EVP Sonia Galindo sold 4,660 shares of KBR stock in a transaction on Monday, May 20th. The stock was sold at an average price of $66.00, for a total value of $307,560.00. Following the transaction, the executive vice president now directly owns 21,409 shares in the company, valued at approximately $1,412,994. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.08% of the company’s stock.

KBR Company Profile

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.