Brokerages Expect KBR, Inc. (KBR) Will Announce Quarterly Sales of $1.19 Billion

Brokerages expect KBR, Inc. (NYSE:KBR) to announce sales of $1.19 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for KBR’s earnings. The highest sales estimate is $1.25 billion and the lowest is $1.16 billion. KBR reported sales of $1.09 billion during the same quarter last year, which indicates a positive year over year growth rate of 9.2%. The business is expected to issue its next quarterly earnings results on Wednesday, August 1st.

On average, analysts expect that KBR will report full year sales of $4.81 billion for the current year, with estimates ranging from $4.73 billion to $4.94 billion. For the next year, analysts anticipate that the firm will report sales of $5.36 billion per share, with estimates ranging from $5.28 billion to $5.48 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for KBR.

KBR (NYSE:KBR) last issued its quarterly earnings results on Thursday, April 26th. The construction company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.07. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $975.46 million. KBR had a return on equity of 19.32% and a net margin of 13.04%. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter last year, the company posted $0.28 EPS.

KBR has been the subject of a number of recent research reports. DA Davidson dropped their target price on KBR to $17.50 and set a “neutral” rating for the company in a research report on Monday, February 26th. TheStreet downgraded KBR from a “b-” rating to a “c+” rating in a research report on Wednesday, February 28th. Citigroup dropped their target price on KBR from $23.00 to $17.00 and set a “neutral” rating for the company in a research report on Monday, February 26th. Zacks Investment Research upgraded KBR from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Monday, April 30th. Finally, ValuEngine downgraded KBR from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. KBR currently has a consensus rating of “Hold” and a consensus price target of $19.57.

A number of institutional investors have recently made changes to their positions in the business. Swiss National Bank increased its stake in KBR by 1.5% in the 1st quarter. Swiss National Bank now owns 243,641 shares of the construction company’s stock worth $3,945,000 after purchasing an additional 3,700 shares during the period. Jefferies Group LLC increased its stake in KBR by 19.4% in the 4th quarter. Jefferies Group LLC now owns 23,517 shares of the construction company’s stock worth $466,000 after purchasing an additional 3,814 shares during the period. Leucadia National Corp increased its stake in KBR by 25.6% in the 4th quarter. Leucadia National Corp now owns 19,165 shares of the construction company’s stock worth $380,000 after purchasing an additional 3,912 shares during the period. First Trust Advisors LP increased its stake in shares of KBR by 30.8% during the fourth quarter. First Trust Advisors LP now owns 17,326 shares of the construction company’s stock valued at $344,000 after buying an additional 4,080 shares during the period. Finally, First Mercantile Trust Co. increased its stake in shares of KBR by 107.9% during the first quarter. First Mercantile Trust Co. now owns 9,183 shares of the construction company’s stock valued at $149,000 after buying an additional 4,766 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Shares of KBR traded down $0.04 during trading hours on Monday, reaching $18.25. 120,358 shares of the company’s stock traded hands, compared to its average volume of 2,006,120. The company has a market cap of $2.62 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 1.74 and a beta of 1.10. KBR has a 12 month low of $14.40 and a 12 month high of $21.69. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.35.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Friday, June 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.75%. KBR’s dividend payout ratio (DPR) is currently 21.48%.

KBR Company Profile

KBR, Inc provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction. The Government Services segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for government agencies in the United States, the United Kingdom, and Australia.

Get a free copy of the Zacks research report on KBR (KBR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for KBR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KBR and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply