KBR (NYSE:KBR) Updates FY 2024 Earnings Guidance

KBR (NYSE:KBR) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 3.100-3.300 for the period, compared to the consensus EPS 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 stock traded up $0.27 during trading on Friday, reaching $66.78. 1,211,180 shares of the company’s stock traded hands, compared to its average volume of 1,321,623. KBR has a 1 year low of $49.37 and a 1 year high of $66.98. The company has a market capitalization of $8.97 billion, a P/E ratio of -34.78, a PEG ratio of 1.39 and a beta of 0.92. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 1.30. The firm’s 50-day moving average is $62.43 and its 200 day moving average is $57.08.

KBR (NYSE:KBR) last issued its earnings results on Tuesday, April 30th. The construction company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.70 by $0.07. KBR had a positive return on equity of 26.14% and a negative net margin of 3.65%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter last year, the company earned $0.67 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. Equities research analysts expect that KBR will post 3.2 EPS for the current year.

KBR Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were paid a $0.15 dividend. 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 yield of 0.90%. The ex-dividend date of this dividend was Thursday, March 14th. KBR’s dividend payout ratio (DPR) is currently -31.25%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on KBR shares. KeyCorp raised their price objective on KBR from $63.00 to $65.00 and gave the company an overweight rating in a research note on Wednesday, February 21st. Truist Financial boosted their price objective on KBR from $72.00 to $90.00 and gave the company a buy rating in a research report on Tuesday, April 9th. UBS Group dropped their price objective on KBR from $65.00 to $63.00 and set a buy rating for the company in a research note on Friday, February 2nd. StockNews.com raised shares of KBR from a hold rating to a buy rating in a research note on Wednesday, March 20th. Finally, Stifel Nicolaus increased their price target on shares of KBR from $80.00 to $83.00 and gave the company a buy rating in a research report on Tuesday, April 23rd. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of Buy and a consensus price target of $73.86.

Insider Transactions at KBR

In related news, EVP Jennifer Myles sold 8,000 shares of the 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 sale, the executive vice president now directly owns 38,524 shares of the company’s stock, valued at $2,270,989.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.08% of the company’s stock.

KBR Company Profile

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.