Todays Report: The KBR Inc. (KBR) to Release Earnings on Tuesday

The KBR Inc. (KBR) to Release Earnings on Tuesday

KBR Inc. (NYSE:KBR) is scheduled to issue its Q316 quarterly earnings data on Tuesday, November 1st. Analysts expect the company to announce earnings of ($0.35) per share and revenue of $1.18 billion for the quarter.

KBR Inc. (NYSE:KBR) opened at 15.00 on Monday. KBR Inc. has a 12 month low of $11.61 and a 12 month high of $19.94. The firm has a 50-day moving average price of $14.75 and a 200 day moving average price of $14.63. The company has a market capitalization of $2.14 billion, a P/E ratio of 11.63 and a beta of 1.54.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Thursday, December 15th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Tuesday, December 13th. KBR’s dividend payout ratio (DPR) is 24.81%.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Investment Management LLC raised its stake in shares of KBR by 1.9% in the second quarter. BlackRock Investment Management LLC now owns 569,000 shares of the company’s stock worth $7,534,000 after buying an additional 10,753 shares during the last quarter. BlackRock Inc. raised its stake in shares of KBR by 10.6% in the second quarter. BlackRock Inc. now owns 169,935 shares of the company’s stock worth $2,251,000 after buying an additional 16,314 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of KBR by 6.1% in the second quarter. BlackRock Fund Advisors now owns 5,034,754 shares of the company’s stock worth $66,660,000 after buying an additional 289,361 shares during the last quarter. BlackRock Group LTD raised its stake in shares of KBR by 2.2% in the second quarter. BlackRock Group LTD now owns 267,560 shares of the company’s stock worth $3,542,000 after buying an additional 5,782 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of KBR by 4.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,338,206 shares of the company’s stock worth $57,438,000 after buying an additional 167,963 shares during the last quarter. 96.88% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on KBR shares. Johnson Rice raised KBR from a “hold” rating to an “accumulate” rating and set a $18.00 price objective on the stock in a report on Wednesday, October 5th. Janney Montgomery Scott reissued a “buy” rating on shares of KBR in a report on Tuesday, August 16th. DA Davidson set a $20.00 price objective on KBR and gave the company a “buy” rating in a report on Monday, August 15th. Zacks Investment Research raised KBR from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Monday, July 18th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and set a $18.00 target price on shares of KBR in a research report on Monday, October 3rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. KBR has an average rating of “Hold” and an average price target of $17.23.

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