Wall Street analysts expect Jacobs Engineering Group Inc (NYSE:JEC) to announce $3.52 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Jacobs Engineering Group’s earnings. The lowest sales estimate is $3.40 billion and the highest is $3.61 billion. Jacobs Engineering Group reported sales of $2.30 billion in the same quarter last year, which would suggest a positive year over year growth rate of 53%. The business is scheduled to issue its next earnings results on Tuesday, May 8th.
According to Zacks, analysts expect that Jacobs Engineering Group will report full year sales of $3.52 billion for the current financial year, with estimates ranging from $13.90 billion to $15.08 billion. For the next year, analysts expect that the company will post sales of $15.95 billion per share, with estimates ranging from $15.50 billion to $17.09 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Jacobs Engineering Group.
Jacobs Engineering Group (NYSE:JEC) last issued its earnings results on Wednesday, February 7th. The construction company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.10. The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Jacobs Engineering Group had a return on equity of 8.59% and a net margin of 2.30%. Jacobs Engineering Group’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 EPS.
JEC has been the subject of several analyst reports. Zacks Investment Research upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a report on Monday, January 8th. ValuEngine upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Argus reiterated a “buy” rating and issued a $73.00 price objective on shares of Jacobs Engineering Group in a report on Monday, November 27th. They noted that the move was a valuation call. Barclays increased their price objective on Jacobs Engineering Group from $75.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Finally, UBS Group upgraded Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $82.00 price objective for the company in a report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $74.00.
Shares of Jacobs Engineering Group (NYSE:JEC) opened at $62.06 on Thursday. The firm has a market capitalization of $8,790.00, a PE ratio of 28.60, a P/E/G ratio of 1.18 and a beta of 1.48. Jacobs Engineering Group has a fifty-two week low of $49.31 and a fifty-two week high of $72.18. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, February 15th. Jacobs Engineering Group’s payout ratio is presently 27.65%.
In other news, Director Joseph R. Bronson sold 6,125 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $63.01, for a total value of $385,936.25. Following the completion of the transaction, the director now owns 30,496 shares in the company, valued at approximately $1,921,552.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.74% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its stake in shares of Jacobs Engineering Group by 68.7% in the 3rd quarter. Wells Fargo & Company MN now owns 4,012,084 shares of the construction company’s stock valued at $233,784,000 after purchasing an additional 1,634,127 shares during the period. First Quadrant L P CA lifted its stake in shares of Jacobs Engineering Group by 17.1% in the 3rd quarter. First Quadrant L P CA now owns 302,358 shares of the construction company’s stock valued at $17,618,000 after purchasing an additional 44,080 shares during the period. Hahn Capital Management LLC lifted its stake in shares of Jacobs Engineering Group by 1.0% in the 3rd quarter. Hahn Capital Management LLC now owns 668,319 shares of the construction company’s stock valued at $38,943,000 after purchasing an additional 6,434 shares during the period. Waters Parkerson & CO. LLC lifted its stake in shares of Jacobs Engineering Group by 2.5% in the 3rd quarter. Waters Parkerson & CO. LLC now owns 213,268 shares of the construction company’s stock valued at $12,427,000 after purchasing an additional 5,295 shares during the period. Finally, Carnick & Kubik Group LLC purchased a new position in shares of Jacobs Engineering Group in the 3rd quarter valued at approximately $420,000. Institutional investors own 74.78% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This piece of content was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/02/22/3-52-billion-in-sales-expected-for-jacobs-engineering-group-inc-jec-this-quarter.html.
Jacobs Engineering Group Company Profile
Jacobs Engineering Group Inc is a technical professional services company. The Company provides a range of technical, professional and construction services to industrial, commercial and governmental clients. The Company’s services include Project Services; Process, Scientific, and Systems Consulting Services; Construction Services, and Operations and Maintenance Services.
Get a free copy of the Zacks research report on Jacobs Engineering Group (JEC)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Jacobs Engineering Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jacobs Engineering Group and related companies with MarketBeat.com's FREE daily email newsletter.