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

by · The Markets Daily

KBR, Inc. (NYSE:KBR – Get Free Report) announced a quarterly dividend on Thursday, October 17th, Wall Street Journal reports. Shareholders 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 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Friday, December 13th.

KBR has raised its dividend payment by an average of 10.5% per year over the last three years. KBR has a dividend payout ratio of 15.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect KBR to earn $3.85 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 15.6%.

KBR Stock Up 1.1 %

Shares of KBR opened at $69.43 on Friday. 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 50-day simple moving average of $65.76 and a 200-day simple moving average of $65.16. KBR has a 52 week low of $49.37 and a 52 week high of $69.77. The firm has a market capitalization of $9.32 billion, a P/E ratio of -36.16, a P/E/G ratio of 1.40 and a beta of 0.90.

KBR (NYSE:KBR – Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The construction company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.79 by $0.04. KBR had a return on equity of 27.92% and a net margin of 2.77%. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.88 billion. On average, equities research analysts expect that KBR will post 3.25 earnings per share for the current year.

Insider Transactions at KBR

In related news, insider Jalal Ibrahim sold 35,000 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the completion of the sale, the insider now directly owns 106,550 shares of the company’s stock, valued at $7,091,968. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.08% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

KBR has been the topic of a number of recent research reports. StockNews.com lowered shares of KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. DA Davidson reissued a “buy” rating and issued a $78.00 target price on shares of KBR in a research note on Tuesday, June 25th. TD Cowen lowered shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price target for the company. in a research report on Friday, September 6th. Finally, KeyCorp lifted their price objective on KBR from $73.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, KBR has a consensus rating of “Moderate Buy” and an average target price of $76.75.

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KBR Company Profile

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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.

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