NEW YORK (TheStreet) -- Shares of KBR Inc. are lower by 11.74% to $15.79 on heavy volume in early afternoon trading on Friday, after the engineering, construction, and services company reported its 2014 fourth quarter earnings results which showed a net loss that widened over the same period the previous year. For the most recent quarter KBR said its net loss was $1.24 billion, or a loss of $8.57 per diluted share compared to a net loss of $56 million, or a loss of 38 cents per diluted share for the 2013 fourth quarter. Analysts polled by Thomson Reuters were anticipating that KBR would post earnings of 21 cents per share for the quarter. Exclusive Report: Jim Cramer's Best Stocks for 2015 Revenue was $1.4 billion versus $1.7 billion for the same period last year. Analysts forecast revenue of $1.63 billion for the quarter. "Our fourth quarter consolidated results reflect the significant charges associated with the company's restructuring previously announced in December 2014. The transformation of KBR has begun and is proceeding according to plan. While oil prices remain depressed, KBR's technology and project delivery capability for natural gas derivative products and associated downstream facilities positions us well for project awards during 2015," KBR CEO Stuart Bradie said in a statement. Separately, TheStreet Ratings team rates KBR INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation: "We rate KBR INC (KBR) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and weak operating cash flow." You can view the full analysis from the report here: KBR Ratings Report KBR data by YCharts
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