What is Zacks Research’s Estimate for KBR FY2024 Earnings?

KBR, Inc. (NYSE:KBR) – Analysts at Zacks Research increased their FY2024 earnings per share estimates for KBR in a research note issued to investors on Wednesday, November 13th. Zacks Research analyst R. Department now anticipates that the construction company will post earnings of $3.27 per share for the year, up from their previous estimate of $3.26. The consensus estimate for KBR’s current full-year earnings is $3.26 per share. Zacks Research also issued estimates for KBR’s Q4 2024 earnings at $0.83 EPS, Q3 2025 earnings at $1.03 EPS, Q4 2025 earnings at $0.99 EPS, FY2025 earnings at $3.84 EPS, Q2 2026 earnings at $1.20 EPS, Q3 2026 earnings at $1.30 EPS and FY2026 earnings at $4.69 EPS.

KBR (NYSE:KBR) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, hitting the consensus estimate of $0.84. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.95 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.75 EPS.

Other analysts have also issued research reports about the company. UBS Group increased their price target on KBR from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. DA Davidson increased their price objective on shares of KBR from $78.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, October 25th. TD Cowen lowered shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective for the company. in a research note on Friday, September 6th. KeyCorp boosted their price target on KBR from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, Citigroup upped their target price on KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, KBR has an average rating of “Moderate Buy” and a consensus target price of $81.14.

KBR Stock Performance

Shares of NYSE KBR opened at $60.17 on Friday. KBR has a 52-week low of $50.45 and a 52-week high of $72.60. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The firm’s fifty day moving average is $66.50 and its two-hundred day moving average is $65.86. The company has a market cap of $8.02 billion, a P/E ratio of 25.28, a P/E/G ratio of 1.39 and a beta of 0.89.

KBR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, December 13th. KBR’s dividend payout ratio (DPR) is 25.21%.

Insider Buying and Selling

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $66.56, for a total value of $2,329,600.00. Following the transaction, the insider now directly owns 106,550 shares of the company’s stock, valued at $7,091,968. This trade represents a 24.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.08% of the company’s stock.

Hedge Funds Weigh In On KBR

Several large investors have recently modified their holdings of the stock. True Wealth Design LLC purchased a new position in shares of KBR in the third quarter worth approximately $26,000. Larson Financial Group LLC grew its holdings in shares of KBR by 2,029.2% during the 2nd quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $33,000 after purchasing an additional 487 shares in the last quarter. CWM LLC boosted its holdings in KBR by 39.4% during the second quarter. CWM LLC now owns 817 shares of the construction company’s stock valued at $52,000 after purchasing an additional 231 shares in the last quarter. Quarry LP lifted its holdings in KBR by 454.7% during the 2nd quarter. Quarry LP now owns 821 shares of the construction company’s stock valued at $53,000 after purchasing an additional 673 shares during the last quarter. Finally, Eastern Bank acquired a new position in KBR during the 3rd quarter worth about $65,000. Institutional investors own 97.02% of the company’s stock.

KBR Company Profile

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.