KBR (NYSE:KBR) announced its earnings results on Sunday. The construction company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03, MarketWatch Earnings reports. KBR had a positive return on equity of 13.98% and a negative net margin of 0.57%. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the prior year, the business earned $0.46 earnings per share. The company’s revenue was up 1.0% on a year-over-year basis.
Shares of NYSE:KBR traded down $0.33 during midday trading on Tuesday, reaching $31.67. 34,709 shares of the company’s stock were exchanged, compared to its average volume of 1,264,620. The company’s 50 day simple moving average is $31.02 and its two-hundred day simple moving average is $26.88. The firm has a market capitalization of $4.51 billion, a PE ratio of -125.92 and a beta of 1.39. KBR has a 12 month low of $12.00 and a 12 month high of $32.44. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.54 and a current ratio of 1.54.
A number of research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of KBR from a “buy” rating to a “hold” rating and set a $29.00 target price on the stock. in a research note on Tuesday, December 15th. Smith Barney Citigroup raised their target price on shares of KBR from $28.00 to $30.00 in a research note on Tuesday, October 27th. Truist raised their target price on shares of KBR from $34.00 to $40.00 in a research note on Friday, January 15th. KeyCorp raised their target price on shares of KBR from $33.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, January 7th. Finally, Credit Suisse Group raised their price target on shares of KBR from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. KBR presently has an average rating of “Buy” and an average target price of $32.69.
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 Solutions, Technology Solutions, and Energy Solutions. The Government Solutions segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.
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