$1.36 Billion in Sales Expected for KBR, Inc. (NYSE:KBR) This Quarter

Equities research analysts expect KBR, Inc. (NYSE:KBR) to announce sales of $1.36 billion for the current fiscal quarter, according to Zacks. Two analysts have made estimates for KBR’s earnings. The lowest sales estimate is $1.32 billion and the highest is $1.39 billion. KBR posted sales of $1.42 billion during the same quarter last year, which would indicate a negative year over year growth rate of 4.2%. The business is scheduled to report its next earnings report on Wednesday, July 29th.

According to Zacks, analysts expect that KBR will report full year sales of $5.67 billion for the current financial year, with estimates ranging from $5.59 billion to $5.75 billion. For the next fiscal year, analysts forecast that the firm will report sales of $6.04 billion, with estimates ranging from $5.95 billion to $6.13 billion. Zacks’ sales averages are an average based on a survey of research firms that cover KBR.

KBR (NYSE:KBR) last announced its quarterly earnings data on Wednesday, April 29th. The construction company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.46 billion. KBR had a net margin of 0.99% and a return on equity of 13.74%. The firm’s revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.36 earnings per share.

KBR has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of KBR from a “hold” rating to a “sell” rating and set a $15.00 price objective for the company. in a research report on Tuesday, March 17th. SunTrust Banks reduced their price objective on shares of KBR from $40.00 to $34.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. TheStreet downgraded shares of KBR from a “b-” rating to a “c” rating in a research report on Wednesday, April 29th. KeyCorp dropped their target price on shares of KBR from $34.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday, March 26th. Finally, ValuEngine cut shares of KBR from a “hold” rating to a “sell” rating in a report on Tuesday, May 12th. Two research analysts have rated the stock with a sell rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $28.10.

NYSE:KBR traded down $0.59 during mid-day trading on Friday, reaching $22.14. The stock had a trading volume of 1,702,001 shares, compared to its average volume of 1,633,804. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 55.35, a PEG ratio of 1.45 and a beta of 1.24. KBR has a twelve month low of $12.00 and a twelve month high of $31.92. The business has a 50 day simple moving average of $22.85 and a 200 day simple moving average of $24.75.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.81%. KBR’s dividend payout ratio (DPR) is 23.67%.

In other news, EVP Ian John Mackey sold 24,636 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $25.82, for a total transaction of $636,101.52. Following the completion of the transaction, the executive vice president now directly owns 91,237 shares of the company’s stock, valued at approximately $2,355,739.34. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.97% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. New Mexico Educational Retirement Board increased its stake in shares of KBR by 38.1% during the 1st quarter. New Mexico Educational Retirement Board now owns 33,700 shares of the construction company’s stock worth $697,000 after purchasing an additional 9,300 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in KBR by 3.2% in the 1st quarter. The Manufacturers Life Insurance Company now owns 288,593 shares of the construction company’s stock worth $5,968,000 after acquiring an additional 9,025 shares during the period. Samlyn Capital LLC purchased a new stake in KBR in the 1st quarter worth approximately $16,567,000. HighTower Advisors LLC purchased a new stake in KBR in the 1st quarter worth approximately $479,000. Finally, Mercer Global Advisors Inc. ADV grew its stake in KBR by 28.1% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 10,968 shares of the construction company’s stock worth $227,000 after acquiring an additional 2,403 shares during the period. 98.45% of the stock is owned by institutional investors and hedge funds.

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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