KBR, Inc. (NYSE:KBR):
KBR Awarded Project Management Services Contract for Australia’s Largest Undeveloped Copper Project.
The company is trading down by 2.89% percent from yesterday’s close.
The company also declared a dividend for shareholders payable on Monday January 15th, 2018. The dividend will be $0.080 per share for the quarter which comes to $0.32 on an annualized basis. This dividend amount will represent a yield of $1.70. The ex-dividend date will be on Thursday the 14th of September 2017.
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..
It is trading at $18.51 which is just a bit higher than $17.89, the 50 day moving average and significantly above the 200 day moving average of $15.83. The 50 day moving average was up $0.62 or +3.47% and the 200 day average moved up $2.68.
In the latest earnings report the EPS was $-0.25 and is expected to be $1.44 for the current year with 139,880,000 shares now outstanding. Next quarter’s EPS is expected be $0.31 and the next full year EPS is projected to be $1.36.
Investors are more bullish on shares of the company recently if you take note of the fall in short interest. The company recorded a fall in short interest of -27.79% as of the latest report on September 29, 2017. Short interest fell 3,386,178 over that timeframe. Days to cover increased 1.0 to 6.0 and the percentage of shorted shares was 0.06% on September 29.