KBR, Inc. (NYSE:KBR) Declares Quarterly Dividend of $0.15

KBR, Inc. (NYSE:KBR) declared a quarterly dividend on Wednesday, October 16th,Wall Street Journal reports. Investors of record on Friday, December 13th will be given a dividend of 0.15 per share by the construction company on Wednesday, January 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, December 13th.

KBR has increased its dividend by an average of 10.5% annually over the last three years. KBR has a payout ratio of 15.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect KBR to earn $3.86 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 15.5%.

KBR Stock Up 0.4 %

KBR opened at $59.29 on Wednesday. The firm’s 50 day simple moving average is $65.43 and its two-hundred day simple moving average is $65.07. The company has a market capitalization of $7.90 billion, a PE ratio of 24.91, a PEG ratio of 1.18 and a beta of 0.84. KBR has a 1-year low of $51.60 and a 1-year high of $72.60. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69.

KBR (NYSE:KBR) last released its earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, meeting the consensus estimate of $0.84. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.95 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. KBR’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.75 earnings per share. As a group, equities analysts forecast that KBR will post 3.27 EPS for the current year.

Analyst Upgrades and Downgrades

KBR has been the topic of a number of recent analyst reports. KeyCorp raised their target price on shares of KBR from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. TD Cowen cut shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 target price on the stock. in a research note on Friday, September 6th. DA Davidson reiterated a “buy” rating and issued a $84.00 price target on shares of KBR in a research note on Tuesday, November 19th. Citigroup raised their price target on KBR from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, UBS Group upped their price objective on KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, KBR has an average rating of “Moderate Buy” and an average target price of $81.14.

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.