KBR (NYSE:KBR) Updates FY24 Earnings Guidance

KBR (NYSE:KBR) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share guidance of $3.10-$3.30 for the period, compared to the consensus earnings per share estimate of $3.21. The company issued revenue guidance of $7.40-$7.70 billion, compared to the consensus revenue estimate of $7.52 billion. KBR also updated its FY 2024 guidance to 3.100-3.300 EPS.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. KeyCorp boosted their price objective on shares of KBR from $63.00 to $65.00 and gave the stock an overweight rating in a research report on Wednesday, February 21st. Truist Financial boosted their price objective on shares of KBR from $72.00 to $90.00 and gave the stock a buy rating in a research report on Tuesday, April 9th. DA Davidson boosted their price objective on shares of KBR from $70.00 to $78.00 and gave the stock a buy rating in a research report on Wednesday. UBS Group decreased their price objective on shares of KBR from $65.00 to $63.00 and set a buy rating on the stock in a report on Friday, February 2nd. Finally, Stifel Nicolaus upped their price objective on shares of KBR from $80.00 to $83.00 and gave the company a buy rating in a report on Tuesday, April 23rd. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of Buy and an average price target of $73.86.

KBR Stock Performance

Shares of KBR stock traded up $0.54 on Thursday, hitting $66.10. The company’s stock had a trading volume of 691,186 shares, compared to its average volume of 1,314,624. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.05 and a current ratio of 1.10. The stock’s 50 day moving average is $62.29 and its 200-day moving average is $57.01. KBR has a fifty-two week low of $49.37 and a fifty-two week high of $66.60. The company has a market capitalization of $8.90 billion, a PE ratio of -34.15, a PEG ratio of 1.37 and a beta of 0.92.

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

KBR Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Thursday, March 14th. This is an increase from KBR’s previous quarterly dividend of $0.14. KBR’s dividend payout ratio is currently -31.25%.

Insider Buying and Selling at KBR

In related news, EVP Jennifer Myles sold 8,000 shares of KBR stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $58.95, for a total value of $471,600.00. Following the completion of the sale, the executive vice president now owns 38,524 shares of the company’s stock, valued at approximately $2,270,989.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.08% of the company’s stock.

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.