KBR, Inc. (KBR) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS
KBR, Inc. (NYSE:KBR) released its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.05, Morningstar.com reports. KBR had a negative net margin of 0.81% and a positive return on equity of 8.74%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the firm earned $0.35 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. KBR updated its FY17 guidance to $1.25-1.45 EPS.
KBR (NYSE KBR) traded up 0.56% during trading on Friday, hitting $16.16. 1,565,150 shares of the company were exchanged. The company’s market capitalization is $2.26 billion. KBR has a 12 month low of $13.16 and a 12 month high of $17.95. The company has a 50-day moving average of $15.53 and a 200-day moving average of $15.25.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 15th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.98%. KBR’s payout ratio is currently -128.00%.
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Several research analysts recently weighed in on KBR shares. Zacks Investment Research downgraded shares of KBR from a “hold” rating to a “sell” rating in a research report on Monday, May 1st. Vertical Research raised shares of KBR from a “hold” rating to a “buy” rating in a research note on Monday, May 1st. BidaskClub raised shares of KBR from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, TheStreet raised shares of KBR from a “d+” rating to a “c-” rating in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $18.22.
Several hedge funds have recently added to or reduced their stakes in KBR. Quantbot Technologies LP bought a new stake in KBR during the first quarter valued at about $109,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in KBR by 322.2% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,600 shares of the construction company’s stock valued at $114,000 after buying an additional 5,800 shares during the period. GSA Capital Partners LLP bought a new stake in KBR during the second quarter valued at about $162,000. Paragon Capital Management Ltd bought a new stake in KBR during the second quarter valued at about $172,000. Finally, Teacher Retirement System of Texas raised its stake in KBR by 3.4% in the second quarter. Teacher Retirement System of Texas now owns 11,603 shares of the construction company’s stock valued at $177,000 after buying an additional 381 shares during the period. 99.74% of the stock is currently owned by institutional investors.
KBR, Inc is a provider of professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. The Company operates through business segments, including Technology & Consulting (T&C), Engineering & Construction (E&C), Government Services (GS), Non-strategic Business and Other.
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