KBR Inc. Forecasted to Post Q3 2016 Earnings of $0.33 Per Share (KBR)
KBR Inc. (NYSE:KBR) – Research analysts at DA Davidson lifted their Q3 2016 earnings per share (EPS) estimates for shares of KBR in a research report issued to clients and investors on Monday. DA Davidson analyst J. Rogers now anticipates that the brokerage will post earnings per share of $0.33 for the quarter, up from their prior estimate of $0.32. DA Davidson has a “Buy” rating and a $20.00 price target on the stock. DA Davidson also issued estimates for KBR’s Q4 2016 earnings at $0.29 EPS, FY2016 earnings at $1.32 EPS and Q4 2017 earnings at $0.35 EPS.
Other equities analysts also recently issued reports about the stock. Johnson Rice raised shares of KBR from a “hold” rating to an “accumulate” rating and set a $18.00 price target on the stock in a research note on Wednesday. Janney Montgomery Scott reaffirmed a “buy” rating on shares of KBR in a research note on Tuesday, August 16th. Zacks Investment Research raised shares of KBR from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Monday. Credit Suisse Group AG reaffirmed a “buy” rating and set a $18.00 target price on shares of KBR in a research note on Monday. Finally, Deutsche Bank AG raised shares of KBR from a “hold” rating to a “buy” rating and lifted their target price for the stock from $14.00 to $16.00 in a research note on Tuesday. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $17.33.
Shares of KBR (NYSE:KBR) traded up 1.07% during midday trading on Thursday, hitting $16.04. 1,787,751 shares of the stock traded hands. The stock has a 50-day moving average of $14.76 and a 200-day moving average of $14.61. KBR has a 52-week low of $11.61 and a 52-week high of $19.94. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 12.43 and a beta of 1.54.
KBR (NYSE:KBR) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. KBR had a net margin of 4.34% and a return on equity of 18.60%. The firm earned $1.01 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the company earned $0.46 EPS. The company’s revenue was down 26.9% compared to the same quarter last year.
A number of hedge funds have recently added to or reduced their stakes in the stock. LSV Asset Management purchased a new position in shares of KBR during the second quarter worth approximately $100,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of KBR during the second quarter worth approximately $102,000. LS Investment Advisors LLC increased its position in shares of KBR by 71.7% in the second quarter. LS Investment Advisors LLC now owns 8,665 shares of the company’s stock worth $115,000 after buying an additional 3,619 shares during the last quarter. Sei Investments Co. increased its position in shares of KBR by 18.9% in the second quarter. Sei Investments Co. now owns 8,854 shares of the company’s stock worth $117,000 after buying an additional 1,405 shares during the last quarter. Finally, World Asset Management Inc increased its position in shares of KBR by 0.6% in the second quarter. World Asset Management Inc now owns 10,187 shares of the company’s stock worth $135,000 after buying an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 97.24% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 15th will be given a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.32 annualized dividend and a yield of 2.02%. KBR’s dividend payout ratio (DPR) is 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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