Wall Street brokerages expect KBR, Inc. (NYSE:KBR) to announce sales of $1.25 billion for the current fiscal quarter, according to Zacks. Three analysts have made estimates for KBR’s earnings. The highest sales estimate is $1.28 billion and the lowest is $1.20 billion. KBR posted sales of $937.00 million in the same quarter last year, which suggests a positive year over year growth rate of 33.4%. The business is expected to announce its next quarterly earnings report on Friday, February 22nd.
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 post sales of $5.41 billion, with estimates ranging from $5.34 billion to $5.45 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for KBR.
KBR (NYSE:KBR) last released its quarterly earnings results on Tuesday, October 30th. The construction company reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.07. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.32 billion. KBR had a return on equity of 13.40% and a net margin of 11.35%. The firm’s revenue for the quarter was up 23.6% compared to the same quarter last year. During the same period last year, the firm posted $0.35 EPS.
Several research firms recently weighed in on KBR. ValuEngine raised KBR from a “sell” rating to a “hold” rating in a report on Monday, January 7th. MKM Partners initiated coverage on KBR in a research note on Friday, December 28th. They set a “top pick” rating and a $25.00 price objective on the stock. TheStreet lowered KBR from a “b” rating to a “c+” rating in a research note on Monday, December 24th. Zacks Investment Research restated a “strong-buy” rating and set a $23.00 price objective on shares of KBR in a research note on Tuesday, November 13th. Finally, Credit Suisse Group raised their price objective on KBR from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 31st. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $23.20.
A number of institutional investors have recently bought and sold shares of the business. PEAK6 Investments LLC bought a new position in shares of KBR in the 3rd quarter valued at $211,000. Marshall Wace LLP bought a new position in shares of KBR in the 2nd quarter valued at $222,000. Trilogy Capital Inc. bought a new position in shares of KBR in the 3rd quarter valued at $234,000. Tower Research Capital LLC TRC increased its stake in shares of KBR by 218.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 12,821 shares of the construction company’s stock valued at $271,000 after purchasing an additional 8,795 shares during the last quarter. Finally, First Hawaiian Bank increased its stake in shares of KBR by 33.3% in the 4th quarter. First Hawaiian Bank now owns 19,646 shares of the construction company’s stock valued at $298,000 after purchasing an additional 4,913 shares during the last quarter. Hedge funds and other institutional investors own 97.75% of the company’s stock.
NYSE:KBR opened at $17.23 on Friday. The company has a market cap of $2.48 billion, a P/E ratio of 11.56, a PEG ratio of 0.98 and a beta of 1.23. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.69. KBR has a 1-year low of $13.90 and a 1-year high of $22.22.
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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