KBR, Inc. (NYSE:KBR).
October 24 investment analysts at Deutsche Bank maintained a stock rating of “Buy” but raised the price expectation from $14.00 to $20.00.
The company is up from yesterday’s close of 18.51. Additionally the company recently announced a dividend for shareholders that will be paid on Mon Jan 15, 2018. The dividend will be $0.080 per share for the quarter or $0.32 on an annualized basis. The dividend yield will be $1.70. The ex-dividend date will be on Thursday September 14th, 2017.
Shares are trading at $18.63 a bit higher than $17.89, the stock’s 50 day moving average and well above the 200 day moving average of $15.83. The 50 day moving average was up $0.74 or +4.14% whereas the 200 day moving average was up $2.80 or +17.68%.
KBR, Inc. (KBR), launched on March 21, 2006, 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. Its solutions include engineering services, mission and logistics support solutions, technology licensing, consulting, procurement, construction, construction management, program management, operations, maintenance and other support services to a customer base, including domestic and foreign governments, international and national oil and gas companies, independent refiners, petrochemical producers, fertilizer producers and manufacturers. As of December 31, 2016, it had offices around the world with operations in over 40 countries and served customers in over 70 countries..
As of the latest earnings report the EPS was $-0.25 and is projected to be $1.44 for the current year with 139,880,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.31 with next year’s EPS projected to be $1.36.
Investors are a little more bullish on KBR, Inc. lately if you evaluate the change in short interest. The firm saw a fall in short interest of -27.79% as of the latest report on September 29, 2017. Short shares decreased 3,386,178 over that period. Days to cover increased from 5.0 to 6.0 and the short interest percentage is 0.06% as of September 29.