KBR, Inc. (NYSE:KBR) – Research analysts at DA Davidson increased their Q2 2019 EPS estimates for shares of KBR in a research report issued to clients and investors on Wednesday, May 1st, according to Zacks Investment Research. DA Davidson analyst B. Thielman now forecasts that the construction company will post earnings per share of $0.41 for the quarter, up from their prior forecast of $0.40. DA Davidson also issued estimates for KBR’s Q3 2019 earnings at $0.48 EPS and Q4 2019 earnings at $0.45 EPS.
A number of other equities analysts have also issued reports on the stock. KeyCorp raised their price target on shares of KBR from $24.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, May 6th. Cowen reissued a “hold” rating and set a $20.00 price target on shares of KBR in a research report on Wednesday, February 6th. Drexel Hamilton reissued a “buy” rating and set a $22.00 price target on shares of KBR in a research report on Wednesday, February 27th. Deutsche Bank set a $24.00 price target on shares of KBR and gave the stock a “hold” rating in a research report on Thursday, May 2nd. Finally, ValuEngine raised shares of KBR from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Seven analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. KBR currently has a consensus rating of “Buy” and an average target price of $24.50.
KBR traded up $0.31 during trading on Monday, reaching $22.18. 1,145,028 shares of the company’s stock were exchanged, compared to its average volume of 1,517,228. KBR has a 1 year low of $13.90 and a 1 year high of $23.72. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $3.08 billion, a PE ratio of 14.50, a P/E/G ratio of 1.46 and a beta of 1.51.
KBR (NYSE:KBR) last released its earnings results on Wednesday, May 1st. The construction company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.20 billion. KBR had a net margin of 3.51% and a return on equity of 12.84%.
A number of institutional investors and hedge funds have recently made changes to their positions in KBR. Advisor Group Inc. boosted its position in shares of KBR by 182.4% during the 1st quarter. Advisor Group Inc. now owns 1,624 shares of the construction company’s stock valued at $31,000 after acquiring an additional 1,049 shares during the last quarter. Sageworth Trust Co acquired a new position in KBR in the first quarter valued at about $35,000. Oregon Public Employees Retirement Fund lifted its position in KBR by 1,450.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 855,408 shares of the construction company’s stock valued at $56,000 after buying an additional 800,245 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in KBR in the first quarter valued at about $102,000. Finally, Fort L.P. acquired a new position in KBR in the first quarter valued at about $151,000. 98.86% of the stock is currently owned by institutional investors.
In other news, insider Farhan Mujib sold 2,496 shares of KBR stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $20.00, for a total transaction of $49,920.00. Following the completion of the transaction, the insider now directly owns 138,576 shares of the company’s stock, valued at approximately $2,771,520. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider John Derbyshire sold 5,460 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $19.95, for a total transaction of $108,927.00. Following the completion of the sale, the insider now directly owns 74,570 shares of the company’s stock, valued at approximately $1,487,671.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,634 shares of company stock valued at $174,217. Insiders own 0.92% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 17th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Friday, June 14th. KBR’s dividend payout ratio (DPR) is 20.92%.
About KBR
KBR, Inc provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction. The Government Services segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for government agencies in the United States, the United Kingdom, and Australia.