Zacks: Brokerages Expect KBR, Inc. (NYSE:KBR) Will Post Quarterly Sales of $1.55 Billion

Brokerages predict that KBR, Inc. (NYSE:KBR) will announce sales of $1.55 billion for the current quarter, Zacks reports. Two analysts have issued estimates for KBR’s earnings, with the highest sales estimate coming in at $1.57 billion and the lowest estimate coming in at $1.54 billion. KBR posted sales of $1.38 billion in the same quarter last year, which would indicate a positive year over year growth rate of 12.3%. The business is expected to report its next quarterly earnings results on Thursday, November 4th.

On average, analysts expect that KBR will report full year sales of $6.05 billion for the current fiscal year, with estimates ranging from $6.02 billion to $6.08 billion. For the next fiscal year, analysts forecast that the firm will report sales of $6.35 billion, with estimates ranging from $6.33 billion to $6.37 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for KBR.

KBR (NYSE:KBR) last announced its earnings results on Thursday, July 29th. The construction company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.10. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.48 billion. KBR had a positive return on equity of 17.73% and a negative net margin of 0.58%.

Several research analysts have issued reports on the company. Zacks Investment Research upgraded KBR from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Monday, August 2nd. TheStreet lowered KBR from a “b” rating to a “c” rating in a research report on Friday, July 30th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to, the stock has a consensus rating of “Buy” and an average target price of $39.64.

In other news, insider Andrew Barrie sold 9,337 shares of the stock in a transaction that occurred on Tuesday, August 17th. The stock was sold at an average price of $39.30, for a total value of $366,944.10. Following the completion of the sale, the insider now directly owns 15,409 shares of the company’s stock, valued at $605,573.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of KBR. Franklin Resources Inc. purchased a new stake in shares of KBR during the second quarter valued at approximately $81,859,000. 40 North Management LLC bought a new position in KBR during the first quarter valued at $77,356,000. Thompson Siegel & Walmsley LLC grew its holdings in KBR by 250.5% during the first quarter. Thompson Siegel & Walmsley LLC now owns 1,386,163 shares of the construction company’s stock valued at $53,215,000 after purchasing an additional 990,698 shares during the period. Duquesne Family Office LLC bought a new position in KBR during the first quarter valued at $19,811,000. Finally, Nuveen Asset Management LLC grew its holdings in KBR by 75.0% during the first quarter. Nuveen Asset Management LLC now owns 1,141,805 shares of the construction company’s stock valued at $43,834,000 after purchasing an additional 489,202 shares during the period.

Shares of KBR stock traded down $1.49 during trading hours on Friday, reaching $37.02. 12,621 shares of the company’s stock were exchanged, compared to its average volume of 1,280,824. The business has a fifty day moving average price of $38.91 and a 200-day moving average price of $38.47. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $5.21 billion, a P/E ratio of -143.19 and a beta of 1.35. KBR has a fifty-two week low of $21.13 and a fifty-two week high of $42.71.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Wednesday, September 15th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Tuesday, September 14th. KBR’s dividend payout ratio (DPR) is presently 25.43%.

KBR Company Profile

KBR, Inc engages in the provision of differentiated professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. It operates through the following segments: Government Solutions, Technology Solutions, Energy Solutions, Non-strategic Business, and Other.

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Earnings History and Estimates for KBR (NYSE:KBR)

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