KBR Inc. (KBR) Issues FY16 Earnings Guidance
KBR Inc. (NYSE:KBR) issued an update on its FY16 earnings guidance on Monday morning. The company provided EPS guidance of $0.30-0.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.34.
KBR Inc. (NYSE:KBR) traded down 9.91% on Monday, hitting $13.63. 5,230,454 shares of the stock traded hands. The stock has a 50-day moving average price of $14.86 and a 200 day moving average price of $14.62. KBR Inc. has a 1-year low of $11.61 and a 1-year high of $19.94. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 10.57 and a beta of 1.54.
KBR (NYSE:KBR) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. The business earned $1.01 billion during the quarter, compared to analyst estimates of $1.05 billion. KBR had a net margin of 4.34% and a return on equity of 18.60%. The firm’s quarterly revenue was down 26.9% on a year-over-year basis. During the same quarter last year, the business earned $0.46 EPS. On average, analysts anticipate that KBR Inc. will post $1.35 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 15th will be issued a $0.08 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $0.32 dividend on an annualized basis and a yield of 2.35%. KBR’s dividend payout ratio (DPR) is presently 24.81%.
A number of research analysts recently issued reports on KBR shares. MKM Partners set a $16.00 price objective on shares of KBR and gave the company a hold rating in a report on Tuesday, September 13th. Zacks Investment Research lowered shares of KBR from a hold rating to a sell rating in a report on Monday, July 4th. Janney Montgomery Scott reiterated a buy rating on shares of KBR in a report on Tuesday, August 16th. Vetr upgraded shares of KBR from a sell rating to a hold rating and set a $14.30 price target for the company in a report on Monday, July 25th. Finally, DA Davidson set a $20.00 price target on shares of KBR and gave the stock a buy rating in a report on Monday, August 15th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $17.03.
A number of hedge funds have recently bought and sold shares of the stock. United Services Automobile Association increased its stake in KBR by 128.1% in the second quarter. United Services Automobile Association now owns 1,180,100 shares of the company’s stock valued at $15,625,000 after buying an additional 662,699 shares during the last quarter. Pacad Investment Ltd. acquired a new stake in KBR during the second quarter valued at about $148,000. Credit Suisse AG increased its stake in KBR by 12.1% in the second quarter. Credit Suisse AG now owns 529,976 shares of the company’s stock valued at $7,017,000 after buying an additional 57,037 shares during the last quarter. Deere & Co. acquired a new stake in KBR during the second quarter valued at about $422,000. Finally, Cipher Capital LP increased its stake in KBR by 30.5% in the second quarter. Cipher Capital LP now owns 41,430 shares of the company’s stock valued at $548,000 after buying an additional 9,695 shares during the last quarter. 97.24% of the stock is owned by institutional investors and hedge funds.
KBR, Inc (KBR) is an engineering, procurement, construction and services company. The Company supports global hydrocarbons and international Government services market sectors. It operates through three business segments: Technology & Consulting (T&C), Engineering & Construction (E&C), and Government Services (GS).
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