KBR (NYSE:KBR) Updates FY24 Earnings Guidance

KBR (NYSE:KBR) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $3.10-$3.30 for the period, compared to the consensus 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.

KBR Stock Down 1.8 %

KBR stock traded down $1.16 on Tuesday, reaching $64.84. 1,087,422 shares of the company traded hands, compared to its average volume of 1,303,360. The firm has a fifty day simple moving average of $62.01 and a 200-day simple moving average of $56.92. KBR has a one year low of $49.37 and a one year high of $66.60. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.29.

KBR (NYSE:KBR) last released its earnings results on Tuesday, February 20th. The construction company reported $0.69 EPS for the quarter, hitting analysts’ consensus estimates of $0.69. KBR had a negative net margin of 3.81% and a positive return on equity of 25.08%. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter last year, the business earned $0.69 EPS. The firm’s revenue was up 7.6% compared to the same quarter last year. Sell-side analysts anticipate that KBR will post 3.19 EPS for the current year.

KBR Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, March 14th. This is an increase from KBR’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.93%. KBR’s dividend payout ratio (DPR) is currently -29.27%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. StockNews.com raised shares of KBR from a hold rating to a buy rating in a research report on Wednesday, March 20th. UBS Group lowered their price objective on KBR from $65.00 to $63.00 and set a buy rating on the stock in a research note on Friday, February 2nd. Citigroup raised their target price 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 lifted their target price on shares of KBR from $72.00 to $90.00 and gave the company a buy rating in a report on Tuesday, April 9th. Finally, Stifel Nicolaus increased their price target on shares of KBR from $80.00 to $83.00 and gave the stock a buy rating in a research report on Tuesday, April 23rd. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of Buy and an average target price of $73.43.

Insider Activity at KBR

In related news, EVP Jennifer Myles sold 8,000 shares of the company’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 completion of the transaction, the executive vice president now directly owns 38,524 shares in the company, valued at approximately $2,270,989.80. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.08% of the stock is owned by corporate 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.