Brokerages Anticipate Jacobs Engineering Group Inc (JEC) to Announce $0.78 EPS
Brokerages forecast that Jacobs Engineering Group Inc (NYSE:JEC) will post $0.78 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Jacobs Engineering Group’s earnings, with estimates ranging from $0.76 to $0.80. Jacobs Engineering Group also reported earnings of $0.78 per share during the same quarter last year. The business is scheduled to issue its next quarterly earnings results on Tuesday, August 8th.
On average, analysts expect that Jacobs Engineering Group will report full year earnings of $3.11 per share for the current financial year, with EPS estimates ranging from $3.06 to $3.15. For the next year, analysts expect that the company will report earnings of $3.45 per share, with EPS estimates ranging from $3.25 to $3.66. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow Jacobs Engineering Group.
Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings data on Tuesday, May 9th. The construction company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.07. Jacobs Engineering Group had a return on equity of 8.33% and a net margin of 2.10%. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.63 billion. During the same quarter last year, the business posted $0.75 EPS. The business’s revenue was down 17.2% on a year-over-year basis.
A number of research firms have recently commented on JEC. Credit Suisse Group AG set a $71.00 target price on Jacobs Engineering Group and gave the company a “buy” rating in a research note on Wednesday, February 8th. DA Davidson reaffirmed a “neutral” rating on shares of Jacobs Engineering Group in a research note on Thursday, February 9th. Zacks Investment Research raised Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research note on Tuesday, April 11th. Jefferies Group LLC reaffirmed a “hold” rating and set a $61.00 target price (down previously from $64.00) on shares of Jacobs Engineering Group in a research note on Thursday, February 9th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $64.00 target price (up previously from $62.00) on shares of Jacobs Engineering Group in a research note on Friday, May 12th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $61.11.
Hedge funds have recently bought and sold shares of the company. Huntington National Bank raised its stake in Jacobs Engineering Group by 256.3% in the third quarter. Huntington National Bank now owns 12,890 shares of the construction company’s stock worth $667,000 after buying an additional 9,272 shares in the last quarter. Hanseatic Management Services Inc. raised its stake in Jacobs Engineering Group by 14.1% in the third quarter. Hanseatic Management Services Inc. now owns 53,299 shares of the construction company’s stock worth $2,757,000 after buying an additional 6,591 shares in the last quarter. Front Barnett Associates LLC raised its stake in Jacobs Engineering Group by 0.3% in the third quarter. Front Barnett Associates LLC now owns 259,308 shares of the construction company’s stock worth $13,411,000 after buying an additional 686 shares in the last quarter. Principal Financial Group Inc. raised its stake in Jacobs Engineering Group by 73.3% in the third quarter. Principal Financial Group Inc. now owns 329,165 shares of the construction company’s stock worth $17,024,000 after buying an additional 139,190 shares in the last quarter. Finally, Morgan Stanley raised its stake in Jacobs Engineering Group by 124.9% in the third quarter. Morgan Stanley now owns 659,195 shares of the construction company’s stock worth $34,093,000 after buying an additional 366,139 shares in the last quarter. Institutional investors own 85.02% of the company’s stock.
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Jacobs Engineering Group (NYSE:JEC) traded down 0.66% during midday trading on Thursday, reaching $52.59. The company’s stock had a trading volume of 841,458 shares. The company’s 50-day moving average is $53.94 and its 200 day moving average is $56.75. The firm has a market cap of $6.33 billion, a price-to-earnings ratio of 30.58 and a beta of 1.66. Jacobs Engineering Group has a 12-month low of $47.14 and a 12-month high of $63.42.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Shareholders of record on Friday, May 19th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, May 17th. This represents a $0.60 dividend on an annualized basis and a yield of 1.14%.
About Jacobs Engineering Group
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.
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