KBR, Inc. (NYSE:KBR) announced a quarterly dividend on Thursday, October 12th, Wall Street Journal reports. Investors of record on Friday, December 15th will be given a dividend of 0.08 per share by the construction company on Monday, January 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, December 14th.
KBR has raised its dividend payment by an average of 10.1% annually over the last three years. KBR has a payout ratio of 22.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect KBR to earn $1.27 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 25.2%.
Shares of KBR (NYSE:KBR) opened at 17.78 on Friday. KBR has a 12-month low of $13.17 and a 12-month high of $18.28. The firm’s market cap is $2.49 billion. The company has a 50 day moving average of $17.33 and a 200-day moving average of $15.61.
KBR (NYSE:KBR) last posted its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.49 by $0.05. KBR had a negative net margin of 0.81% and a positive return on equity of 8.74%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the firm posted $0.35 earnings per share. KBR’s quarterly revenue was up 8.4% on a year-over-year basis. Analysts predict that KBR will post $1.43 EPS for the current year.
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Several equities research analysts recently commented on the stock. BidaskClub lowered shares of KBR from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Zacks Investment Research lowered shares of KBR from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. KeyCorp reissued a “buy” rating and set a $20.00 price objective on shares of KBR in a research note on Friday, October 6th. Finally, TheStreet raised shares of KBR from a “d+” rating to a “c-” rating in a research note on Thursday, August 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $19.80.
KBR Company Profile
KBR, Inc is a provider of professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. The Company operates through business segments, including Technology & Consulting (T&C), Engineering & Construction (E&C), Government Services (GS), Non-strategic Business and Other.
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