KBR, Inc. (KBR) Expected to Announce Quarterly Sales of $1.25 Billion

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Wall Street brokerages predict that KBR, Inc. (NYSE:KBR) will report sales of $1.25 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for KBR’s earnings, with the lowest sales estimate coming in at $1.20 billion and the highest estimate coming in at $1.28 billion. KBR reported 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 report its next quarterly earnings results on Friday, February 22nd.

On average, 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 financial year, analysts expect that the business will report sales of $5.35 billion, with estimates ranging from $5.28 billion to $5.45 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover KBR.

KBR has been the topic of a number of research analyst reports. Drexel Hamilton set a $22.00 target price on shares of KBR and gave the company a “buy” rating in a research note on Tuesday, October 30th. Credit Suisse Group raised their target price on shares of KBR from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, October 31st. Zacks Investment Research reiterated a “strong-buy” rating and issued a $23.00 target price on shares of KBR in a research note on Tuesday, November 13th. ValuEngine lowered shares of KBR from a “hold” rating to a “sell” rating in a research note on Thursday, December 6th. Finally, TheStreet lowered shares of KBR from a “b” rating to a “c+” rating in a research note on Monday, December 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $22.45.

NYSE:KBR traded up $0.10 during midday trading on Monday, reaching $17.52. The stock had a trading volume of 1,277,836 shares, compared to its average volume of 1,923,205. KBR has a 1-year low of $13.90 and a 1-year high of $22.22. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $2.40 billion, a PE ratio of 11.76, a PEG ratio of 1.30 and a beta of 1.32.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in KBR by 3.3% in the 4th quarter. BlackRock Inc. now owns 16,142,470 shares of the construction company’s stock worth $245,041,000 after purchasing an additional 508,917 shares during the last quarter. Frontier Capital Management Co. LLC grew its position in KBR by 165.0% in the 4th quarter. Frontier Capital Management Co. LLC now owns 7,163,208 shares of the construction company’s stock worth $108,737,000 after purchasing an additional 4,460,402 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in KBR by 28.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,166,887 shares of the construction company’s stock worth $93,614,000 after purchasing an additional 1,365,724 shares during the last quarter. Pzena Investment Management LLC grew its position in KBR by 25.9% in the 4th quarter. Pzena Investment Management LLC now owns 4,728,579 shares of the construction company’s stock worth $71,780,000 after purchasing an additional 971,969 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in KBR by 8.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,067,556 shares of the construction company’s stock worth $64,797,000 after purchasing an additional 248,631 shares during the last quarter. Institutional investors own 97.74% of the company’s stock.

About KBR

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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