KBR, Inc. (KBR) Expected to Announce Earnings of $0.29 Per Share

Wall Street analysts expect that KBR, Inc. (NYSE:KBR) will report $0.29 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for KBR’s earnings. The highest EPS estimate is $0.30 and the lowest is $0.28. KBR reported earnings per share of ($0.44) in the same quarter last year, which suggests a positive year-over-year growth rate of 165.9%. The company is scheduled to announce its next earnings results on Tuesday, November 7th.

On average, analysts expect that KBR will report full year earnings of $1.43 per share for the current fiscal year, with EPS estimates ranging from $1.40 to $1.45. For the next year, analysts forecast that the firm will report earnings of $1.27 per share, with EPS estimates ranging from $1.20 to $1.34. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for KBR.

KBR (NYSE:KBR) last announced its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. KBR had a negative net margin of 0.81% and a positive return on equity of 8.74%. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the company earned $0.35 EPS. The firm’s revenue was up 8.4% on a year-over-year basis.

A number of research analysts recently issued reports on KBR shares. Zacks Investment Research lowered shares of KBR from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. KeyCorp set a $20.00 price target on shares of KBR and gave the stock a “buy” rating in a research report on Friday, August 25th. BidaskClub lowered shares of KBR from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, TheStreet upgraded shares of KBR from a “d+” rating to a “c-” rating in a research report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. KBR presently has a consensus rating of “Hold” and an average price target of $19.00.

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Hedge funds and other institutional investors have recently made changes to their positions in the business. Heartland Advisors Inc. acquired a new stake in shares of KBR during the 2nd quarter worth approximately $6,797,000. UBS Asset Management Americas Inc. grew its position in shares of KBR by 15.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 136,772 shares of the construction company’s stock worth $2,056,000 after buying an additional 18,489 shares during the period. RK Capital Management LLC acquired a new stake in shares of KBR during the 2nd quarter worth approximately $9,064,000. Rhumbline Advisers grew its position in shares of KBR by 17.3% during the 2nd quarter. Rhumbline Advisers now owns 299,623 shares of the construction company’s stock worth $4,560,000 after buying an additional 44,109 shares during the period. Finally, Teacher Retirement System of Texas grew its position in shares of KBR by 3.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 11,603 shares of the construction company’s stock worth $177,000 after buying an additional 381 shares during the period. 99.74% of the stock is owned by institutional investors.

Shares of KBR (NYSE:KBR) traded up 1.20% during mid-day trading on Friday, reaching $17.73. 1,028,156 shares of the company were exchanged. KBR has a 12 month low of $13.17 and a 12 month high of $18.28. The firm’s 50-day moving average is $17.16 and its 200-day moving average is $15.58. The company’s market capitalization is $2.48 billion.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 15th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, September 14th. KBR’s dividend payout ratio is presently -128.00%.

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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On average, analysts expect that KBR will report full year earnings of $1.43 per share for the current fiscal year, with EPS estimates ranging from $1.40 to $1.45. For the next year, analysts forecast that the firm will report earnings of $1.27 per share, with EPS estimates ranging from $1.20 to $1.34. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for KBR.

KBR (NYSE:KBR) last announced its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. KBR had a negative net margin of 0.81% and a positive return on equity of 8.74%. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the company earned $0.35 EPS. The firm’s revenue was up 8.4% on a year-over-year basis.

A number of research analysts recently issued reports on KBR shares. Zacks Investment Research lowered shares of KBR from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. KeyCorp set a $20.00 price target on shares of KBR and gave the stock a “buy” rating in a research report on Friday, August 25th. BidaskClub lowered shares of KBR from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, TheStreet upgraded shares of KBR from a “d+” rating to a “c-” rating in a research report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. KBR presently has a consensus rating of “Hold” and an average price target of $19.00.

ILLEGAL ACTIVITY WARNING: “KBR, Inc. (KBR) Expected to Announce Earnings of $0.29 Per Share” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://ledgergazette.com/2017/10/10/kbr-inc-kbr-expected-to-announce-earnings-of-0-29-per-share.html.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Heartland Advisors Inc. acquired a new stake in shares of KBR during the 2nd quarter worth approximately $6,797,000. UBS Asset Management Americas Inc. grew its position in shares of KBR by 15.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 136,772 shares of the construction company’s stock worth $2,056,000 after buying an additional 18,489 shares during the period. RK Capital Management LLC acquired a new stake in shares of KBR during the 2nd quarter worth approximately $9,064,000. Rhumbline Advisers grew its position in shares of KBR by 17.3% during the 2nd quarter. Rhumbline Advisers now owns 299,623 shares of the construction company’s stock worth $4,560,000 after buying an additional 44,109 shares during the period. Finally, Teacher Retirement System of Texas grew its position in shares of KBR by 3.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 11,603 shares of the construction company’s stock worth $177,000 after buying an additional 381 shares during the period. 99.74% of the stock is owned by institutional investors.

Shares of KBR (NYSE:KBR) traded up 1.20% during mid-day trading on Friday, reaching $17.73. 1,028,156 shares of the company were exchanged. KBR has a 12 month low of $13.17 and a 12 month high of $18.28. The firm’s 50-day moving average is $17.16 and its 200-day moving average is $15.58. The company’s market capitalization is $2.48 billion.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 15th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, September 14th. KBR’s dividend payout ratio is presently -128.00%.

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.

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

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Earnings History and Estimates for KBR (NYSE:KBR)

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