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

KBR, Inc. (NYSE:KBR) announced a quarterly dividend on Wednesday, August 21st, Wall Street Journal reports. Investors of record on Monday, September 16th will be given a dividend of 0.15 per share by the construction company on Tuesday, October 15th. This represents a $0.60 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Monday, September 16th.

KBR has increased its dividend by an average of 10.5% per year over the last three years. KBR has a payout ratio of 15.4% 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 Trading Up 1.0 %

Shares of NYSE KBR opened at $62.23 on Friday. KBR has a fifty-two week low of $49.37 and a fifty-two week high of $69.50. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market cap of $8.28 billion, a price-to-earnings ratio of -32.41, a PEG ratio of 1.25 and a beta of 0.90. The business’s 50 day moving average price is $65.57 and its 200-day moving average price is $64.39.

KBR (NYSE:KBR) last released its earnings results on Wednesday, July 24th. The construction company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. KBR had a return on equity of 27.92% and a net margin of 2.77%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.88 billion. On average, sell-side analysts expect that KBR will post 3.25 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Jalal Ibrahim sold 35,000 shares of KBR stock in a transaction on Monday, August 19th. The stock was sold at an average price of $66.56, for a total value of $2,329,600.00. Following the transaction, the insider now directly owns 106,550 shares in the company, valued at approximately $7,091,968. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.08% of the stock is owned by company insiders.

Analysts Set New Price Targets

KBR has been the subject of a number of research analyst reports. TD Cowen lowered shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective for the company. in a report on Friday, September 6th. StockNews.com raised shares of KBR from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 10th. Finally, DA Davidson reissued a “buy” rating and issued a $78.00 price objective on shares of KBR in a research note on Tuesday, June 25th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, KBR currently has a consensus rating of “Buy” and an average price target of $75.50.

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.