KBR (NYSE:KBR) Issues Quarterly Earnings Results, Beats Expectations By $0.08 EPS

KBR (NYSE:KBR) posted its quarterly earnings results on Monday. The construction company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.83 by $0.08, Zacks reports. KBR had a net margin of 4.35% and a return on equity of 28.87%.

KBR Stock Performance

Shares of NYSE KBR traded up $1.12 during trading hours on Monday, reaching $50.26. The stock had a trading volume of 5,211,884 shares, compared to its average volume of 1,435,710. The firm has a 50-day moving average of $56.16 and a 200-day moving average of $61.90. The firm has a market cap of $6.70 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 0.86 and a beta of 0.83. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR has a fifty-two week low of $47.55 and a fifty-two week high of $72.60.

KBR Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be given a dividend of $0.165 per share. The ex-dividend date is Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.31%. This is a boost from KBR’s previous quarterly dividend of $0.15. KBR’s payout ratio is 27.73%.

Analysts Set New Price Targets

Several research analysts recently commented on KBR shares. Citigroup cut their price target on KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. UBS Group lifted their price target on shares of KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. KeyCorp reduced their price objective on shares of KBR from $78.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. TD Cowen lowered their target price on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Finally, DA Davidson restated a “buy” rating and issued a $84.00 price target on shares of KBR in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.00.

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.