Jacobs Engineering Group Inc. (JEC) Issues FY14 Earnings Guidance
Jacobs Engineering Group Inc. (NYSE:JEC) updated its FY14 earnings guidance on Thursday. The company provided earnings per share guidance of $3.35-3.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.70, American Banking & Market News reports.
A number of analysts have recently weighed in on JEC shares. Analysts at Deutsche Bank raised their price target on shares of Jacobs Engineering Group from $62.00 to $64.00 in a research note to investors on Friday, January 17th. On a related note, analysts at UBS AG upgraded shares of Jacobs Engineering Group from a neutral rating to a buy rating in a research note to investors on Monday, January 13th. They now have a $75.00 price target on the stock, up previously from $60.00. Finally, analysts at Robert W. Baird upgraded shares of Jacobs Engineering Group from a neutral rating to an outperform rating in a research note to investors on Thursday, January 2nd. They now have a $74.00 price target on the stock, up previously from $67.00. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $65.64.
Shares of Jacobs Engineering Group Inc. (NYSE:JEC) opened at 66.81 on Thursday. Jacobs Engineering Group Inc. has a 52 week low of $46.42 and a 52 week high of $66.88. The stock’s 50-day moving average is $61.48 and its 200-day moving average is $59.94. The company has a market cap of $8.800 billion and a price-to-earnings ratio of 20.68.
Jacobs Engineering Group (NYSE:JEC) last announced its earnings results on Thursday, January 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.03. Analysts expect that Jacobs Engineering Group Inc. will post $3.70 EPS for the current fiscal year.
Jacobs Engineering Group Inc is a technical professional services firm. The Company provides a diverse range of technical, professional, and construction services to a number of industrial, commercial, and governmental clients.
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