KBR (NYSE:KBR) Releases FY 2024 Earnings Guidance

KBR (NYSE:KBR) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 3.150-3.300 for the period, compared to the consensus estimate of 3.240. The company issued revenue guidance of $7.4 billion-$7.7 billion, compared to the consensus revenue estimate of $7.6 billion. KBR also updated its FY24 guidance to $3.15-$3.30 EPS.

Analysts Set New Price Targets

Several research firms have recently issued reports on KBR. DA Davidson restated a buy rating and issued a $78.00 target price on shares of KBR in a report on Tuesday, June 25th. StockNews.com lowered shares of KBR from a strong-buy rating to a buy rating in a report on Wednesday. Truist Financial raised their target price on shares of KBR from $72.00 to $90.00 and gave the stock a buy rating in a report on Tuesday, April 9th. Citigroup raised their target price on shares of KBR from $66.00 to $72.00 and gave the stock a buy rating in a report on Monday, April 22nd. Finally, Stifel Nicolaus lifted their price objective on shares of KBR from $83.00 to $84.00 and gave the company a buy rating in a report on Thursday, May 9th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of Buy and a consensus price target of $76.00.

KBR Stock Down 2.7 %

NYSE KBR traded down $1.84 during trading on Wednesday, reaching $66.75. 1,548,741 shares of the company’s stock traded hands, compared to its average volume of 1,190,436. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market cap of $8.96 billion, a price-to-earnings ratio of -35.73, a price-to-earnings-growth ratio of 1.42 and a beta of 0.90. The company’s 50 day simple moving average is $64.88 and its two-hundred day simple moving average is $61.55. KBR has a 12-month low of $49.37 and a 12-month high of $69.37.

KBR (NYSE:KBR) last posted its earnings results on Tuesday, April 30th. The construction company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.78 billion. KBR had a negative net margin of 3.65% and a positive return on equity of 26.14%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS. As a group, sell-side analysts forecast that KBR will post 3.22 EPS for the current fiscal year.

KBR Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, June 17th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Monday, June 17th. KBR’s payout ratio is currently -31.25%.

Insider Transactions at KBR

In other news, EVP Sonia Galindo sold 4,660 shares of KBR stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $66.00, for a total value of $307,560.00. Following the transaction, the executive vice president now owns 21,409 shares of the company’s stock, valued at approximately $1,412,994. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.