KBR, Inc. (KBR) Rating Increased to B- at TheStreet
A number of other research firms also recently weighed in on KBR. Zacks Investment Research upgraded KBR from a sell rating to a hold rating in a research note on Monday, July 17th. Deutsche Bank AG lifted their price objective on KBR from $18.00 to $20.00 and gave the stock a buy rating in a report on Tuesday, October 24th. BidaskClub raised KBR from a sell rating to a hold rating in a report on Saturday, August 5th. KeyCorp set a $20.00 price objective on KBR and gave the stock a buy rating in a report on Friday, August 25th. Finally, Citigroup Inc lifted their price objective on KBR from $17.00 to $20.00 and gave the stock a neutral rating in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $20.88.
Shares of KBR (NYSE KBR) opened at $20.28 on Tuesday. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 33.95, a P/E/G ratio of 1.50 and a beta of 1.07. The company has a quick ratio of 1.25, a current ratio of 1.30 and a debt-to-equity ratio of 0.59.
KBR (NYSE:KBR) last posted its quarterly earnings results on Tuesday, October 31st. The construction company reported $0.35 earnings per share 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 firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the business earned ($0.44) earnings per share. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. analysts forecast that KBR will post 1.46 EPS for the current fiscal year.
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The business 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 $0.08 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.58%. KBR’s dividend payout ratio (DPR) is 62.75%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in shares of KBR by 322.2% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,600 shares of the construction company’s stock worth $114,000 after acquiring an additional 5,800 shares during the last quarter. Strs Ohio increased its stake in KBR by 141.7% in the third quarter. Strs Ohio now owns 8,700 shares of the construction company’s stock valued at $155,000 after purchasing an additional 5,100 shares during the last quarter. Shelton Capital Management acquired a new position in KBR in the second quarter valued at $160,000. GSA Capital Partners LLP acquired a new position in KBR in the second quarter valued at $162,000. Finally, Paragon Capital Management Ltd acquired a new position in KBR in the second quarter valued at $172,000. 99.74% of the stock is owned by institutional investors.
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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