KBR, Inc. (KBR) To Go Ex-Dividend on March 14th

KBR, Inc. (NYSE:KBR) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.165 per share by the construction company on Tuesday, April 15th. This represents a $0.66 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Friday, March 14th. This is a 10.0% increase from KBR’s previous quarterly dividend of $0.15.

KBR has raised its dividend payment by an average of 10.9% per year over the last three years. KBR has a dividend payout ratio of 15.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect KBR to earn $3.83 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 17.2%.

KBR Price Performance

KBR stock opened at $50.86 on Wednesday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The business has a 50 day simple moving average of $54.33 and a 200-day simple moving average of $60.55. KBR has a 12 month low of $47.16 and a 12 month high of $72.60. The stock has a market capitalization of $6.74 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 0.86 and a beta of 0.86.

KBR (NYSE:KBR) last issued its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. Equities analysts predict that KBR will post 3.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KBR. TD Cowen decreased their price target on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Citigroup decreased their target price on shares of KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. The Goldman Sachs Group reduced their price objective on shares of KBR from $75.00 to $64.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. KeyCorp lowered their target price on shares of KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 25th. Finally, DA Davidson reissued a “buy” rating and set a $84.00 price target on shares of KBR in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $75.88.

About KBR

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.