Wall Street brokerages expect that Jacobs Engineering Group Inc (NYSE:JEC) will announce $1.24 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Jacobs Engineering Group’s earnings. The lowest EPS estimate is $1.18 and the highest is $1.30. Jacobs Engineering Group posted earnings per share of $1.31 during the same quarter last year, which would indicate a negative year over year growth rate of 5.3%. The company is scheduled to announce its next earnings report on Tuesday, November 19th.
According to Zacks, analysts expect that Jacobs Engineering Group will report full year earnings of $4.84 per share for the current year, with EPS estimates ranging from $4.75 to $4.91. For the next financial year, analysts anticipate that the business will report earnings of $5.51 per share, with EPS estimates ranging from $5.38 to $5.79. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Jacobs Engineering Group.
Jacobs Engineering Group (NYSE:JEC) last announced its earnings results on Monday, August 5th. The construction company reported $1.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.15. The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.10 billion. Jacobs Engineering Group had a net margin of 5.06% and a return on equity of 11.11%. Jacobs Engineering Group’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.35 earnings per share.
Several research analysts have weighed in on the stock. Cowen reaffirmed a “buy” rating and set a $92.00 target price on shares of Jacobs Engineering Group in a research note on Wednesday, April 24th. Barclays reaffirmed an “overweight” rating and set a $85.00 target price on shares of Jacobs Engineering Group in a research note on Tuesday, April 30th. ValuEngine lowered shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Credit Suisse Group increased their target price on shares of Jacobs Engineering Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 6th. Finally, KeyCorp increased their target price on shares of Jacobs Engineering Group from $86.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Jacobs Engineering Group presently has a consensus rating of “Buy” and a consensus target price of $87.07.
JEC stock traded up $0.85 during mid-day trading on Thursday, hitting $81.62. 2,927 shares of the company were exchanged, compared to its average volume of 967,951. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $10.94 billion, a price-to-earnings ratio of 18.27, a P/E/G ratio of 1.56 and a beta of 1.41. The firm’s fifty day simple moving average is $84.08. Jacobs Engineering Group has a 12-month low of $55.17 and a 12-month high of $86.43.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, July 26th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, July 25th. Jacobs Engineering Group’s payout ratio is 15.21%.
Several hedge funds and other institutional investors have recently bought and sold shares of JEC. Arcadia Investment Management Corp MI purchased a new position in shares of Jacobs Engineering Group in the second quarter valued at approximately $25,000. Hanson & Doremus Investment Management purchased a new position in shares of Jacobs Engineering Group in the second quarter valued at approximately $26,000. Sandy Spring Bank boosted its stake in shares of Jacobs Engineering Group by 100.0% in the first quarter. Sandy Spring Bank now owns 400 shares of the construction company’s stock valued at $30,000 after purchasing an additional 200 shares during the period. Weaver Consulting Group acquired a new stake in Jacobs Engineering Group in the first quarter valued at approximately $32,000. Finally, First Manhattan Co. raised its holdings in Jacobs Engineering Group by 115.9% in the first quarter. First Manhattan Co. now owns 462 shares of the construction company’s stock valued at $34,000 after acquiring an additional 248 shares in the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.
Jacobs Engineering Group Company Profile
Jacobs Engineering Group Inc provides technical, professional, and construction services. The company's Aerospace, Technology, Environmental and Nuclear segment offers scientific, engineering, construction, nuclear, environmental, and technical support services to the aerospace, defense, technical, and automotive industries.
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