KBR (NYSE:KBR) Issues FY 2024 Earnings Guidance

KBR (NYSE:KBR) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 3.100-3.300 for the period, compared to the consensus earnings per share estimate of 3.210. The company issued revenue guidance of $7.4 billion-$7.7 billion, compared to the consensus revenue estimate of $7.5 billion. KBR also updated its FY24 guidance to $3.10-$3.30 EPS.

KBR Stock Performance

Shares of KBR traded up $0.41 during mid-day trading on Thursday, hitting $65.97. The stock had a trading volume of 404,156 shares, compared to its average volume of 1,311,426. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 1.30. The company has a market cap of $8.88 billion, a PE ratio of -34.15, a PEG ratio of 1.37 and a beta of 0.92. KBR has a fifty-two week low of $49.37 and a fifty-two week high of $66.60. The company’s fifty day simple moving average is $62.29 and its two-hundred day simple moving average is $57.01.

KBR (NYSE:KBR) last released its quarterly earnings data on Tuesday, April 30th. The construction company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.78 billion. KBR had a negative net margin of 3.65% and a positive return on equity of 26.14%. The firm’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.67 earnings per share. On average, equities analysts expect that KBR will post 3.19 earnings per share for the current year.

KBR Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were paid a dividend of $0.15 per share. This is a positive change from KBR’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 14th. This represents a $0.60 annualized dividend and a yield of 0.91%. KBR’s dividend payout ratio is -31.25%.

Wall Street Analyst Weigh In

KBR has been the subject of a number of research reports. StockNews.com upgraded KBR from a hold rating to a buy rating in a research note on Wednesday, March 20th. Citigroup upped their price objective on KBR from $66.00 to $72.00 and gave the stock a buy rating in a research note on Monday, April 22nd. Truist Financial increased their target price on KBR from $72.00 to $90.00 and gave the stock a buy rating in a research report on Tuesday, April 9th. UBS Group reduced their price target on shares of KBR from $65.00 to $63.00 and set a buy rating for the company in a report on Friday, February 2nd. Finally, KeyCorp increased their price objective on shares of KBR from $63.00 to $65.00 and gave the stock an overweight rating in a report on Wednesday, February 21st. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of Buy and an average target price of $73.86.

Insiders Place Their Bets

In other news, EVP Jennifer Myles sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $58.95, for a total transaction of $471,600.00. Following the transaction, the executive vice president now directly owns 38,524 shares of the company’s stock, valued at $2,270,989.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.08% of the stock is currently owned by 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.