KBR Inc. (NYSE:KBR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.
According to Zacks, “KBR has a decent earnings surprise history, beating estimates thrice and meeting once in the trailing four quarters. The company is presently facing robust prospects in the Government services and Technology & Consulting businesses. The company believes the Government Services and Technology businesses will provide it some balance between hydrocarbons and government projects. Also, KBR’s recent acquisition of CA-based Wyle is expected to bolster its government services business. However, on the negative side, prolonged softness in the Engineering & Construction sector coupled with volatility in oil and gas prices may pose a major threat. Also, sluggish activities in several projects approaching completion add to the concerns. Moreover, long-cycle nature of the contracts, pending legal cases, volatility in material & equipment pricing, risk of loss of significant customers and stiff competition raise caution.”
A number of other research analysts also recently issued reports on the stock. DA Davidson restated a “buy” rating and set a $20.00 target price on shares of KBR in a research report on Wednesday. Deutsche Bank AG upgraded shares of KBR from a “hold” rating to a “buy” rating and boosted their target price for the company from $14.00 to $16.00 in a research report on Tuesday. Vetr upgraded shares of KBR from a “sell” rating to a “hold” rating and set a $14.30 target price for the company in a research report on Monday, July 25th. Janney Montgomery Scott restated a “buy” rating on shares of KBR in a research report on Tuesday, August 16th. Finally, MKM Partners started coverage on shares of KBR in a research report on Wednesday, June 29th. They set a “neutral” rating and a $13.00 target price for the company. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $17.33.
KBR (NYSE:KBR) opened at 16.18 on Wednesday. KBR has a 12 month low of $11.61 and a 12 month high of $19.94. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 12.54 and a beta of 1.54. The stock’s 50 day moving average price is $14.78 and its 200-day moving average price is $14.62.
KBR (NYSE:KBR) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.05 billion. KBR had a net margin of 4.34% and a return on equity of 18.60%. The business’s quarterly revenue was down 26.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.46 earnings per share. Equities analysts expect that KBR will post $0.66 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 15th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.32 annualized dividend and a dividend yield of 1.98%. KBR’s dividend payout ratio (DPR) is presently 24.81%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in KBR. LSV Asset Management bought a new position in KBR during the second quarter valued at $100,000. Fuller & Thaler Asset Management Inc. bought a new position in KBR during the second quarter valued at $102,000. LS Investment Advisors LLC increased its position in KBR by 71.7% in the second quarter. LS Investment Advisors LLC now owns 8,665 shares of the company’s stock valued at $115,000 after buying an additional 3,619 shares during the period. Sei Investments Co. increased its position in KBR by 18.9% in the second quarter. Sei Investments Co. now owns 8,854 shares of the company’s stock valued at $117,000 after buying an additional 1,405 shares during the period. Finally, World Asset Management Inc increased its position in KBR by 0.6% in the second quarter. World Asset Management Inc now owns 10,187 shares of the company’s stock valued at $135,000 after buying an additional 58 shares during the period. Hedge funds and other institutional investors own 97.24% of the company’s stock.
KBR Company Profile
KBR, Inc (KBR) is an engineering, procurement, construction and services company. The Company supports global hydrocarbons and international Government services market sectors. It operates through three business segments: Technology & Consulting (T&C), Engineering & Construction (E&C), and Government Services (GS).