Equities analysts expect KBR, Inc. (NYSE:KBR) to report sales of $1.25 billion for the current quarter, according to Zacks. Three analysts have issued estimates for KBR’s earnings, with the highest sales estimate coming in at $1.28 billion and the lowest estimate coming in at $1.20 billion. KBR posted sales of $937.00 million in the same quarter last year, which indicates a positive year over year growth rate of 33.4%. The company is scheduled to announce its next earnings report on Tuesday, February 26th.
According to Zacks, analysts expect that KBR will report full-year sales of $4.83 billion for the current fiscal year, with estimates ranging from $4.78 billion to $4.86 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $5.35 billion, with estimates ranging from $5.28 billion to $5.45 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for KBR.
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KBR (NYSE:KBR) last posted its quarterly earnings data on Tuesday, February 26th. The construction company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. KBR had a return on equity of 13.40% and a net margin of 11.35%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the prior year, the company earned $0.28 earnings per share. The company’s revenue was up 43.0% on a year-over-year basis.
KBR has been the subject of several analyst reports. Zacks Investment Research reissued a “strong-buy” rating and set a $23.00 price target on shares of KBR in a report on Tuesday, November 13th. Cowen set a $23.00 price target on shares of KBR and gave the stock a “hold” rating in a report on Tuesday, February 26th. Drexel Hamilton reissued a “buy” rating and set a $22.00 price target on shares of KBR in a report on Wednesday, February 27th. ValuEngine raised shares of KBR from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, Deutsche Bank cut shares of KBR from a “buy” rating to a “hold” rating in a report on Friday, January 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $22.60.
Several large investors have recently bought and sold shares of KBR. Bank of New York Mellon Corp boosted its stake in KBR by 3.7% during the second quarter. Bank of New York Mellon Corp now owns 2,207,573 shares of the construction company’s stock valued at $39,560,000 after buying an additional 78,629 shares during the last quarter. Bank of Montreal Can raised its position in KBR by 12.7% during the third quarter. Bank of Montreal Can now owns 46,748 shares of the construction company’s stock valued at $987,000 after purchasing an additional 5,258 shares during the period. Aperio Group LLC raised its position in KBR by 8.9% during the third quarter. Aperio Group LLC now owns 102,695 shares of the construction company’s stock valued at $2,170,000 after purchasing an additional 8,403 shares during the period. Massachusetts Financial Services Co. MA raised its position in KBR by 5.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,801,163 shares of the construction company’s stock valued at $101,449,000 after purchasing an additional 261,762 shares during the period. Finally, Alps Advisors Inc. purchased a new stake in KBR during the third quarter valued at approximately $1,076,000. Institutional investors and hedge funds own 97.74% of the company’s stock.
Shares of KBR traded down $0.19 during mid-day trading on Wednesday, hitting $19.69. 1,205,929 shares of the company’s stock were exchanged, compared to its average volume of 1,833,317. KBR has a fifty-two week low of $13.90 and a fifty-two week high of $22.22. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 1.38 and a beta of 1.32. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.29 and a current ratio of 1.29.
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.
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