KeyCorp Analysts Reduce Earnings Estimates for KBR Inc. (KBR)
KBR Inc. (NYSE:KBR) – Stock analysts at KeyCorp decreased their FY2018 earnings per share estimates for shares of KBR in a research note issued to investors on Sunday. KeyCorp analyst T. Afzal now expects that the brokerage will post earnings per share of $1.38 for the year, down from their prior forecast of $1.42.
Other analysts have also recently issued reports about the stock. Johnson Rice upgraded shares of KBR from a “hold” rating to an “accumulate” rating and set a $18.00 target price on the stock in a research note on Wednesday. Zacks Investment Research upgraded 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 reiterated a “buy” rating and issued a $18.00 target price on shares of KBR in a research note on Monday. Janney Montgomery Scott reiterated a “buy” rating on shares of KBR in a research note on Tuesday, August 16th. Finally, DA Davidson set a $20.00 target price on shares of KBR and gave the stock a “buy” rating in a research note on Monday, August 15th. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $17.33.
KBR (NYSE:KBR) traded down 0.662% during trading on Tuesday, reaching $15.765. 441,731 shares of the company traded hands. KBR has a 12-month low of $11.61 and a 12-month high of $19.94. The firm’s 50 day moving average price is $14.76 and its 200 day moving average price is $14.61. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 12.221 and a beta of 1.54.
KBR (NYSE:KBR) last released its earnings results on Friday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. The business had revenue of $1.01 billion for 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%. KBR’s revenue for the quarter was down 26.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 earnings per share.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders 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 dividend yield of 2.02%. KBR’s dividend payout ratio is 24.81%.
Several large investors have recently bought and sold shares of the company. Macquarie Group Ltd. boosted its stake in 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. Mason Street Advisors LLC bought a new stake in KBR during the second quarter valued at approximately $860,000. Royal Bank of Canada boosted its stake in KBR by 1.8% in the second quarter. Royal Bank of Canada now owns 458,933 shares of the company’s stock valued at $6,076,000 after buying an additional 8,167 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in KBR by 176.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,262,162 shares of the company’s stock valued at $16,712,000 after buying an additional 806,371 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in KBR by 11.1% in the second quarter. Amalgamated Bank now owns 19,376 shares of the company’s stock valued at $305,000 after buying an additional 1,939 shares in the last quarter. 97.24% of the stock is owned by hedge funds and other institutional investors.
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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