KeyCorp Weighs in on KBR Inc.’s Q3 2016 Earnings (KBR)
KBR Inc. (NYSE:KBR) – Research analysts at KeyCorp dropped their Q3 2016 EPS estimates for KBR in a research note issued to investors on Sunday. KeyCorp analyst T. Afzal now anticipates that the firm will post earnings of $0.25 per share for the quarter, down from their prior forecast of $0.31. KeyCorp also issued estimates for KBR’s FY2016 earnings at $1.26 EPS and FY2017 earnings at $1.23 EPS.
KBR (NYSE:KBR) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 the consensus estimate of $1.05 billion. During the same quarter in the previous year, the firm posted $0.46 EPS. The company’s revenue for the quarter was down 26.9% compared to the same quarter last year.
Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of KBR from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Monday, July 18th. Johnson Rice raised shares of KBR from a “hold” rating to an “accumulate” rating and set a $18.00 target price for the company in a research report on Wednesday. DA Davidson reissued a “buy” rating and set a $20.00 target price on shares of KBR in a research report on Wednesday. Vetr raised shares of KBR from a “sell” rating to a “hold” rating and set a $14.30 target price for the company in a research report on Monday, July 25th. Finally, Janney Montgomery Scott reissued a “buy” rating on shares of KBR in a research report on Tuesday, August 16th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company. KBR has an average rating of “Hold” and a consensus price target of $17.33.
Shares of KBR (NYSE:KBR) opened at 15.87 on Wednesday. The company has a market cap of $2.26 billion, a P/E ratio of 12.30 and a beta of 1.54. The stock’s 50 day moving average is $14.76 and its 200-day moving average is $14.61. KBR has a 12 month low of $11.61 and a 12 month high of $19.94.
The company 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 dividend of $0.08 per share. The ex-dividend date is Tuesday, September 13th. This represents a $0.32 annualized dividend and a yield of 2.02%. KBR’s dividend payout ratio is presently 24.81%.
A number of hedge funds have recently added to or reduced their stakes in the stock. Emerald Acquisition Ltd. purchased a new stake in KBR during the second quarter valued at approximately $27,089,000. Hotchkis & Wiley Capital Management LLC raised its stake in KBR by 64.3% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 4,747,597 shares of the company’s stock valued at $62,858,000 after buying an additional 1,858,400 shares in the last quarter. Cambiar Investors LLC purchased a new stake in KBR during the second quarter valued at approximately $23,832,000. Visium Asset Management LP purchased a new stake in KBR during the second quarter valued at approximately $22,525,000. Finally, Allianz Asset Management AG raised its stake in KBR by 108.1% in the second quarter. Allianz Asset Management AG now owns 3,272,968 shares of the company’s stock valued at $43,334,000 after buying an additional 1,700,105 shares in the last quarter. Institutional investors 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).
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