KBR Inc. (KBR) to Post Q1 2017 Earnings of $0.26 Per Share, DA Davidson Forecasts
KBR Inc. (NYSE:KBR) – Research analysts at DA Davidson issued their Q1 2017 earnings per share (EPS) estimates for KBR in a note issued to investors on Monday. DA Davidson analyst J. Rogers expects that the firm will post earnings per share of $0.26 for the quarter. DA Davidson currently has a “Buy” rating and a $20.00 target price on the stock. DA Davidson also issued estimates for KBR’s Q2 2017 earnings at $0.31 EPS and Q3 2017 earnings at $0.41 EPS.
KBR (NYSE:KBR) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.32. KBR had a net margin of 4.34% and a return on equity of 18.60%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the firm posted $0.46 EPS. The company’s revenue for the quarter was down 26.9% on a year-over-year basis.
Other research analysts have also recently issued research reports about the company. MKM Partners started coverage on KBR in a research report on Wednesday, June 29th. They set a “neutral” rating and a $13.00 target price on the stock. Zacks Investment Research cut KBR from a “hold” rating to a “sell” rating in a research report on Monday, July 4th. Vetr raised KBR from a “sell” rating to a “hold” rating and set a $14.30 target price on the stock in a research report on Monday, July 25th. Janney Montgomery Scott reaffirmed a “buy” rating on shares of KBR in a research report on Tuesday, August 16th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and set a $18.00 target price on shares of KBR in a research report on Monday. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $17.33.
KBR (NYSE:KBR) opened at 15.87 on Wednesday. KBR has a 52-week low of $11.61 and a 52-week high of $19.94. The stock has a 50 day moving average of $14.76 and a 200-day moving average of $14.61. The company has a market capitalization of $2.26 billion, a P/E ratio of 12.30 and a beta of 1.54.
Several hedge funds have recently modified their holdings of the stock. Glenmede Trust Co. NA raised its stake in shares of KBR by 30.1% in the first quarter. Glenmede Trust Co. NA now owns 189,780 shares of the company’s stock valued at $2,937,000 after buying an additional 43,880 shares during the last quarter. Nisa Investment Advisors L.L.C. raised its stake in KBR by 1.5% in the first quarter. Nisa Investment Advisors L.L.C. now owns 53,466 shares of the company’s stock worth $828,000 after buying an additional 800 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in KBR during the first quarter worth about $2,214,000. Prudential Financial Inc. raised its stake in KBR by 7.2% in the first quarter. Prudential Financial Inc. now owns 1,826,408 shares of the company’s stock worth $28,273,000 after buying an additional 122,940 shares during the last quarter. Finally, BlackRock Inc. raised its stake in KBR by 4.0% in the first quarter. BlackRock Inc. now owns 153,621 shares of the company’s stock worth $2,378,000 after buying an additional 5,889 shares during the last quarter. Hedge funds and other institutional investors own 97.24% of the company’s stock.
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 $0.08 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $0.32 annualized dividend and a dividend yield of 2.02%. KBR’s payout ratio is presently 24.81%.
KBR Company Profile
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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