KBR, Inc. (NYSE:KBR – Get Free Report) announced a quarterly dividend on Thursday, May 14th. Investors of record on Monday, June 15th will be paid a dividend of 0.165 per share by the construction company on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Monday, June 15th.
KBR has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 6 years. KBR has a dividend payout ratio of 15.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect KBR to earn $4.38 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 15.1%.
KBR Trading Up 1.4%
Shares of NYSE KBR opened at $30.91 on Friday. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 9.88, a price-to-earnings-growth ratio of 1.80 and a beta of 0.47. KBR has a 12-month low of $30.42 and a 12-month high of $56.40. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.59. The stock’s 50 day simple moving average is $36.53 and its 200 day simple moving average is $40.25.
Analysts Set New Price Targets
Several analysts recently issued reports on KBR shares. Weiss Ratings downgraded KBR from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 27th. Wells Fargo & Company cut their price target on KBR from $45.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, April 13th. Zacks Research raised KBR from a “strong sell” rating to a “hold” rating in a report on Friday, April 10th. Citigroup cut their target price on KBR from $53.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Finally, Wall Street Zen downgraded KBR from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $55.44.
Read Our Latest Stock Analysis on KBR
KBR Company Profile
KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.
The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.
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