|Bid||22.03 x 800|
|Ask||36.00 x 1100|
|Day's Range||30.94 - 32.09|
|52 Week Range||12.00 - 32.90|
|Beta (5Y Monthly)||1.35|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 27, 2021 - May 03, 2021|
|Forward Dividend & Yield||0.40 (1.25%)|
|Ex-Dividend Date||Dec 14, 2020|
|1y Target Est||36.67|
For opening remarks and introductions, I would now like to turn the call over to Alison Vasquez, VP of Investor Relations. Joining us today are Stuart Bradie, President and Chief Executive Officer; and Mark Sopp, Executive Vice President and Chief Financial Officer.
KBR delivered better-than-expected earnings in the fourth quarter, while sales missed Wall Street analysts' estimates. KBR’s (KBR) 4Q adjusted earnings of $0.51 per share exceeded the consensus estimates of $0.48 per share and jumped 10.8% year-over-year, led by an increase in its top-line and improved adjusted EBITDA. Meanwhile, the engineering and construction company’s 4Q revenues rose about 1% year-over-year to $1.47 billion but lagged the Street’s estimates of $1.51 billion. Adjusted EBITDA grew 15.4% year-over-year to $135 million. KBR's CEO Stuart Bradie said, “We accelerated growth into attractive markets with the Centauri acquisition, strategically focused our commercial portfolio toward clean, sustainable solutions, and significantly advanced our corporate ESG and sustainability strategy, committing to net-zero carbon emissions by 2030 and achieving carbon neutrality in 2019.” As for 2021, KBR expects to generate adjusted EPS in the range of $2-$2.20 per share, with the midpoint coming in slightly higher than the consensus estimates of $2.07 per share. The company forecasted 2021 revenues in the range of $5.8-$6.2 billion, which at the midpoint outperformed analysts’ estimates of $5.95 billion. (See KBR stock analysis on TipRanks). Earlier on Feb. 4, D.A. Davidson analyst Brent Thielman downgraded KBR to Hold from Buy, as the analyst believes that shareholders have been “rewarded” following the stock's recent appreciation. Thielman maintained a price target of $30 (7% downside potential). Shares added almost 17% in value over the past three months. Unlike Thielman, the Street has a bullish outlook on the stock with a Strong Buy consensus rating based on 5 Buys and 1 Hold. The average analyst price target of $35.67 implies upside potential of about 10.6% to current levels. TipRanks’ Hedge Fund Trading Activity tool shows that confidence in KBR is currently Very Positive as 6 hedge funds increased their cumulative holdings in KBR by 902.4K shares in the last quarter. Related News:Shell Midstream’s 4Q Revenues Outperform On Volume RecoveryAG Mortgage Spikes 18% After 4Q Sales Crush EstimatesFrontline 4Q Sales Sink 48% On Weak Oil Tanker Demand More recent articles from Smarter Analyst: Ayala Pharmaceuticals To Raise $25M Via Private Stock Placement; Shares Pop 16% Enerplus’ Quarterly Profit Lags Estimates Amid Lower Production Monday’s Pre-Market: Here’s What You Need To Know Before The Market Opens Kroger Reports Customer Data Breach Incident
Shares of KBR (NYSE:KBR) moved higher by 0.1% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share were up 10.87% year over year to $0.51, which beat the estimate of $0.48. Revenue of $1,466,000,000 up by 0.96% year over year, which missed the estimate of $1,510,000,000. Looking Ahead The upcoming fiscal year's EPS expected to be between $2.00 and $2.20. The upcoming fiscal year's revenue expected to be between $5,800,000,000 and $6,200,000,000. Conference Call Details Date: Feb 22, 2021 View more earnings on KBR Time: 08:30 AM ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.kbr.com%2F&eventid=2947946&sessionid=1&key=38FDBA62D34A0A8C62E6D4C762DEE3E1®Tag=&V2=false&sourcepage=register Recent Stock Performance Company's 52-week high was at $32.44 52-week low: $12.00 Price action over last quarter: Up 44.73% Company Description KBR (formerly Kellogg, Brown & Root) is global provider of technology, integrated engineering, procurement, and construction delivery, and operations and maintenance services. The company's business is organized into two segments: government solutions and technology solutions. KBR has customers in more than 75 countries, with operations in 40, and employs 36,000 people. The firm generated $5.6 billion in revenue and $362 million in operating income in 2019. See more from BenzingaClick here for options trades from BenzingaEarnings Scheduled For February 22, 2021Earnings Outlook for KBR© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.