FY2017 EPS Estimates for KBR Inc. (KBR) Raised by William Blair
KBR Inc. (NYSE:KBR) – Analysts at William Blair increased their FY2017 earnings estimates for shares of KBR in a research report issued to clients and investors on Monday. William Blair analyst C. Jacobson now anticipates that the firm will earn $1.15 per share for the year, up from their previous forecast of $1.10.
KBR has been the topic of several other reports. Zacks Investment Research lowered KBR from a “hold” rating to a “sell” rating in a research report on Monday, July 4th. Deutsche Bank AG upgraded KBR from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Tuesday. MKM Partners set a $15.00 price objective on KBR and gave the company a “hold” rating in a research report on Monday. DA Davidson set a $20.00 price objective on KBR and gave the company a “buy” rating in a research report on Monday, August 15th. Finally, Janney Montgomery Scott reiterated a “buy” rating on shares of KBR in a research report on Tuesday, August 16th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $17.23.
KBR (NYSE:KBR) traded up 3.82% during trading on Tuesday, hitting $14.15. The company had a trading volume of 2,620,848 shares. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 10.97 and a beta of 1.54. KBR has a 1-year low of $11.61 and a 1-year high of $19.94. The company’s 50 day moving average price is $14.80 and its 200-day moving average price is $14.60.
KBR (NYSE:KBR) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.32 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.32. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.05 billion. KBR had a return on equity of 18.60% and a net margin of 4.34%. The firm’s quarterly revenue was down 26.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Tuesday, September 13th. KBR’s dividend payout ratio (DPR) is currently 24.81%.
A number of large investors have recently added to or reduced their stakes in KBR. World Asset Management Inc boosted its stake in KBR by 0.6% in the second quarter. World Asset Management Inc now owns 10,187 shares of the company’s stock valued at $135,000 after buying an additional 58 shares during the period. Utah Retirement Systems raised its position in shares of KBR by 0.8% in the second quarter. Utah Retirement Systems now owns 26,018 shares of the company’s stock valued at $344,000 after buying an additional 200 shares in the last quarter. State Treasurer State of Michigan raised its position in shares of KBR by 0.7% in the second quarter. State Treasurer State of Michigan now owns 57,142 shares of the company’s stock valued at $757,000 after buying an additional 400 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of KBR by 0.3% in the second quarter. Macquarie Group Ltd. now owns 233,300 shares of the company’s stock valued at $3,089,000 after buying an additional 621 shares in the last quarter. Finally, Nisa Investment Advisors L.L.C. raised its position in shares of KBR by 1.5% in the first quarter. Nisa Investment Advisors L.L.C. now owns 53,466 shares of the company’s stock valued at $828,000 after buying an additional 800 shares in the last quarter. Institutional investors and hedge funds own 97.24% of the company’s stock.
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).
Receive News & Stock Ratings for KBR Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KBR Inc. and related stocks with our FREE daily email newsletter.