KBR, Inc. (KBR) Expected to Post Quarterly Sales of $973.68 Million

Equities analysts expect KBR, Inc. (NYSE:KBR) to post $973.68 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for KBR’s earnings, with the lowest sales estimate coming in at $929.05 million and the highest estimate coming in at $997.00 million. KBR posted sales of $1.19 billion in the same quarter last year, which suggests a negative year over year growth rate of 18.2%. The company is scheduled to report its next quarterly earnings report on Friday, February 23rd.

On average, analysts expect that KBR will report full year sales of $973.68 million for the current financial year, with estimates ranging from $4.15 billion to $4.23 billion. For the next fiscal year, analysts expect that the firm will report sales of $4.28 billion per share, with estimates ranging from $4.12 billion to $4.38 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow KBR.

KBR (NYSE:KBR) last issued its quarterly earnings results on Tuesday, October 31st. The construction company reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.05. KBR had a return on equity of 10.22% and a net margin of 1.63%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the business posted ($0.44) earnings per share. KBR’s revenue was down 3.6% on a year-over-year basis.

KBR has been the subject of several research analyst reports. Credit Suisse Group lifted their price target on KBR from $19.00 to $22.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. Zacks Investment Research raised KBR from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Deutsche Bank boosted their price target on KBR from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. ValuEngine raised KBR from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, KeyCorp reissued a “buy” rating and issued a $20.00 price target on shares of KBR in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $21.00.

Shares of KBR (NYSE:KBR) traded up $0.02 during midday trading on Tuesday, hitting $20.13. The stock had a trading volume of 1,503,700 shares, compared to its average volume of 1,290,740. The stock has a market capitalization of $2,820.00, a PE ratio of 39.47, a PEG ratio of 1.72 and a beta of 1.05. KBR has a one year low of $13.36 and a one year high of $21.25. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.30 and a current ratio of 1.30.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.08 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.32 annualized dividend and a dividend yield of 1.59%. KBR’s payout ratio is 62.75%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its stake in KBR by 31.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 749,645 shares of the construction company’s stock worth $11,410,000 after buying an additional 178,225 shares in the last quarter. Swiss National Bank increased its holdings in KBR by 2.5% during the second quarter. Swiss National Bank now owns 239,941 shares of the construction company’s stock valued at $3,652,000 after buying an additional 5,800 shares during the period. Wells Fargo & Company MN increased its holdings in KBR by 21.5% during the second quarter. Wells Fargo & Company MN now owns 299,468 shares of the construction company’s stock valued at $4,558,000 after buying an additional 52,985 shares during the period. Alliancebernstein L.P. increased its holdings in KBR by 126.5% during the second quarter. Alliancebernstein L.P. now owns 232,568 shares of the construction company’s stock valued at $3,540,000 after buying an additional 129,898 shares during the period. Finally, Riverhead Capital Management LLC increased its holdings in KBR by 77.5% during the second quarter. Riverhead Capital Management LLC now owns 12,960 shares of the construction company’s stock valued at $197,000 after buying an additional 5,660 shares during the period. 99.74% of the stock is currently owned by hedge funds and other institutional investors.

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About KBR

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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