KBR (KBR) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS
KBR (NYSE:KBR) issued its earnings results on Friday. The construction company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.02), Bloomberg Earnings reports. KBR had a return on equity of 10.22% and a net margin of 1.63%. The business had revenue of $930.00 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the firm posted ($0.59) earnings per share. The business’s revenue was down 21.8% compared to the same quarter last year. KBR updated its FY18 guidance to $1.35-1.45 EPS.
KBR (KBR) traded down $2.77 during trading hours on Friday, reaching $15.01. The company had a trading volume of 10,293,315 shares, compared to its average volume of 1,629,749. The firm has a market cap of $2,102.60, a PE ratio of 4.91, a P/E/G ratio of 1.25 and a beta of 1.03. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.30 and a current ratio of 1.30. KBR has a 1-year low of $13.36 and a 1-year high of $21.69.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 15th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.32 annualized dividend and a yield of 2.13%. KBR’s payout ratio is currently 10.46%.
Several brokerages have recently commented on KBR. Zacks Investment Research downgraded KBR from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. DA Davidson cut KBR from a “buy” rating to a “neutral” rating and set a $22.00 price target for the company. in a report on Wednesday, November 1st. Citigroup lifted their price target on KBR from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, February 6th. TheStreet raised KBR from a “c” rating to a “b-” rating in a report on Tuesday, October 31st. Finally, ValuEngine raised KBR from a “hold” rating to a “buy” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $21.43.
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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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