KBR Inc. Forecasted to Post Q3 2016 Earnings of $0.35 Per Share (KBR)
KBR Inc. (NYSE:KBR) – Equities research analysts at William Blair lowered their Q3 2016 earnings per share (EPS) estimates for KBR in a research note issued to investors on Monday. William Blair analyst C. Jacobson now anticipates that the firm will post earnings of $0.35 per share for the quarter, down from their prior forecast of $0.36. William Blair also issued estimates for KBR’s FY2016 earnings at $1.37 EPS.
KBR (NYSE:KBR) last issued its earnings results on Friday, July 29th. The company reported $0.32 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.32. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.05 billion. KBR had a net margin of 4.34% and a return on equity of 18.60%. The company’s revenue for the quarter was down 26.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 EPS.
KBR has been the topic of several other research reports. MKM Partners set a $16.00 target price on shares of KBR and gave the company a “hold” rating in a research report on Tuesday, September 13th. Zacks Investment Research downgraded shares of KBR from a “hold” rating to a “sell” rating in a research note on Monday, July 4th. Credit Suisse Group AG reissued a “buy” rating and issued a $18.00 price target on shares of KBR in a research note on Monday. Deutsche Bank AG raised shares of KBR from a “hold” rating to a “buy” rating and raised their price target for the stock from $14.00 to $16.00 in a research note on Tuesday. Finally, Janney Montgomery Scott reissued a “buy” rating on shares of KBR in a research note on Tuesday, August 16th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $17.23.
Shares of KBR (NYSE:KBR) traded up 9.43% during trading on Wednesday, reaching $15.43. 1,481,611 shares of the company’s stock were exchanged. The stock has a market cap of $2.20 billion, a P/E ratio of 11.96 and a beta of 1.54. KBR has a 12-month low of $11.61 and a 12-month high of $19.94. The company has a 50 day moving average of $14.75 and a 200 day moving average of $14.60.
Institutional investors have recently modified their holdings of the company. Macquarie Group Ltd. increased 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 worth $3,089,000 after buying an additional 621 shares during the period. Mason Street Advisors LLC bought a new stake in shares of KBR during the second quarter worth $860,000. Royal Bank of Canada boosted its stake in shares of KBR by 1.8% in the second quarter. Royal Bank of Canada now owns 458,933 shares of the company’s stock worth $6,076,000 after buying an additional 8,167 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of KBR by 176.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,262,162 shares of the company’s stock worth $16,712,000 after buying an additional 806,371 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in shares of KBR by 11.1% in the second quarter. Amalgamated Bank now owns 19,376 shares of the company’s stock worth $305,000 after buying an additional 1,939 shares in the last quarter. 97.24% of the stock is currently owned by institutional investors.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Tuesday, September 13th. KBR’s dividend payout ratio (DPR) is presently 24.81%.
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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