Analysts Set Expectations for KBR, Inc.’s Q2 2023 Earnings (NYSE:KBR)

Posted by Defense World Staff on May 4th, 2023

KBR, Inc. (NYSE:KBR – Get Rating) – Research analysts at DA Davidson issued their Q2 2023 earnings per share (EPS) estimates for KBR in a report released on Tuesday, May 2nd. DA Davidson analyst B. Thielman forecasts that the construction company will post earnings per share of $0.67 for the quarter. The consensus estimate for KBR’s current full-year earnings is $2.87 per share. DA Davidson also issued estimates for KBR’s FY2023 earnings at $2.87 EPS and FY2024 earnings at $3.45 EPS.

KBR (NYSE:KBR – Get Rating) last announced its quarterly earnings data on Monday, May 1st. The construction company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.09. KBR had a return on equity of 25.46% and a net margin of 2.89%. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the company posted $0.62 earnings per share. The business’s revenue was down .6% on a year-over-year basis.

KBR has been the subject of several other reports. Citigroup lifted their price objective on KBR from $60.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, February 17th. Cowen lifted their price target on shares of KBR from $56.00 to $63.00 and gave the company an “outperform” rating in a report on Thursday, February 23rd. Finally, StockNews.com cut KBR from a “buy” rating to a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, KBR has an average rating of “Moderate Buy” and an average target price of $66.33.

KBR Trading Down 0.9 %

KBR opened at $58.54 on Wednesday. The stock has a market cap of $7.98 billion, a PE ratio of 48.38, a PEG ratio of 1.41 and a beta of 1.14. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.84. The business has a 50 day moving average of $55.01 and a 200-day moving average of $52.34. KBR has a 52 week low of $41.96 and a 52 week high of $59.99.

Institutional Investors Weigh In On KBR

Several hedge funds and other institutional investors have recently made changes to their positions in KBR. Vanguard Group Inc. boosted its stake in KBR by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 13,250,269 shares of the construction company’s stock worth $725,188,000 after purchasing an additional 39,673 shares during the period. Massachusetts Financial Services Co. MA raised its stake in KBR by 1.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,824,871 shares of the construction company’s stock valued at $251,751,000 after purchasing an additional 58,460 shares during the last quarter. Macquarie Group Ltd. grew its stake in KBR by 1.5% in the 2nd quarter. Macquarie Group Ltd. now owns 4,472,312 shares of the construction company’s stock worth $216,415,000 after acquiring an additional 64,012 shares during the period. Frontier Capital Management Co. LLC grew its stake in KBR by 3.4% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 4,396,787 shares of the construction company’s stock worth $190,029,000 after acquiring an additional 142,941 shares during the period. Finally, Neuberger Berman Group LLC boosted its stake in KBR by 4.4% in the 4th quarter. Neuberger Berman Group LLC now owns 2,166,475 shares of the construction company’s stock worth $114,326,000 after buying an additional 92,212 shares during the last quarter.

Insiders Place Their Bets

In related news, Director Lester L. Lyles sold 17,000 shares of the firm’s stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $54.81, for a total transaction of $931,770.00. Following the sale, the director now owns 60,462 shares in the company, valued at $3,313,922.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, EVP Jennifer Myles sold 4,714 shares of the stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $54.49, for a total transaction of $256,865.86. Following the completion of the transaction, the executive vice president now directly owns 69,902 shares in the company, valued at approximately $3,808,959.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lester L. Lyles sold 17,000 shares of KBR stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $54.81, for a total transaction of $931,770.00. Following the completion of the transaction, the director now owns 60,462 shares of the company’s stock, valued at approximately $3,313,922.22. The disclosure for this sale can be found here. Corporate insiders own 0.91% of the company’s stock.

KBR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Wednesday, March 15th were issued a dividend of $0.135 per share. The ex-dividend date was Tuesday, March 14th. This represents a $0.54 annualized dividend and a dividend yield of 0.92%. This is an increase from KBR’s previous quarterly dividend of $0.12. KBR’s dividend payout ratio is 44.63%.

About KBR

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KBR, Inc engages in the provision of differentiated professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. It operates through the following segments: Government Solutions, Technology Solutions, Energy Solutions, Non-strategic Business, and Other.