KBR, Inc. (NYSE:KBR) announced a quarterly dividend on Thursday, October 12th, Wall Street Journal reports. Shareholders of record on Friday, December 15th will be given a dividend of 0.08 per share by the construction company on Monday, January 15th. This represents a $0.32 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Thursday, December 14th.
KBR has increased its dividend by an average of 10.1% annually over the last three years. KBR has a payout ratio of 22.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect KBR to earn $1.36 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 23.5%.
KBR (KBR) traded up 0.45% during mid-day trading on Thursday, reaching $17.78. The company’s stock had a trading volume of 775,105 shares. The firm’s market cap is $2.49 billion. The stock’s 50 day moving average is $17.24 and its 200 day moving average is $15.60. KBR has a one year low of $13.17 and a one year high of $18.28.
KBR (NYSE:KBR) last issued its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.05. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.10 billion. KBR had a positive return on equity of 8.74% and a negative net margin of 0.81%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 EPS. On average, analysts anticipate that KBR will post $1.43 EPS for the current year.
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Several brokerages recently issued reports on KBR. Zacks Investment Research upgraded KBR from a “sell” rating to a “hold” rating in a research report on Wednesday. KeyCorp restated a “buy” rating and issued a $20.00 price target on shares of KBR in a research report on Friday, October 6th. BidaskClub upgraded KBR from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, TheStreet upgraded KBR from a “d+” rating to a “c-” rating in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $19.80.
KBR Company Profile
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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