Equities analysts expect Jacobs Engineering Group Inc. (NYSE:JEC) to announce sales of $2.54 billion for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Jacobs Engineering Group’s earnings. The highest sales estimate is $2.63 billion and the lowest is $2.43 billion. Jacobs Engineering Group posted sales of $2.69 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 5.6%. The company is scheduled to issue its next earnings results on Tuesday, August 8th.

On average, analysts expect that Jacobs Engineering Group will report full-year sales of $2.54 billion for the current financial year, with estimates ranging from $9.85 billion to $10.61 billion. For the next fiscal year, analysts expect that the business will post sales of $10.90 billion per share, with estimates ranging from $10.30 billion to $11.54 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side 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 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.07. Jacobs Engineering Group had a net margin of 2.05% and a return on equity of 8.56%. The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.63 billion. During the same period in the previous year, the business posted $0.75 earnings per share. The company’s revenue for the quarter was down 17.2% compared to the same quarter last year.

Several research analysts have recently weighed in on the company. Robert W. Baird reiterated a “neutral” rating and set a $64.00 price target (up previously from $62.00) on shares of Jacobs Engineering Group in a research note on Friday, May 12th. BidaskClub raised Jacobs Engineering Group from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Zacks Investment Research raised Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a report on Tuesday, April 11th. Finally, Credit Suisse Group reissued a “buy” rating and set a $69.00 price objective on shares of Jacobs Engineering Group in a report on Friday, April 21st. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $60.60.

Jacobs Engineering Group (JEC) traded up 1.97% during midday trading on Wednesday, hitting $53.43. The stock had a trading volume of 580,297 shares. The company has a 50-day moving average price of $53.75 and a 200-day moving average price of $55.37. The stock has a market cap of $6.43 billion, a P/E ratio of 31.06 and a beta of 1.53. Jacobs Engineering Group has a 52 week low of $49.15 and a 52 week high of $63.42.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 4th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, August 2nd. This represents a $0.60 annualized dividend and a dividend yield of 1.12%. Jacobs Engineering Group’s payout ratio is currently 34.88%.

COPYRIGHT VIOLATION WARNING: “$2.54 Billion in Sales Expected for Jacobs Engineering Group Inc. (NYSE:JEC) This Quarter” was reported by American Banking News and is the property of of American Banking News. If you are viewing this report on another site, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/07/19/2-54-billion-in-sales-expected-for-jacobs-engineering-group-inc-nysejec-this-quarter.html.

Several hedge funds have recently added to or reduced their stakes in JEC. Global X Management Co. LLC boosted its stake in Jacobs Engineering Group by 204.2% in the first quarter. Global X Management Co. LLC now owns 2,032 shares of the construction company’s stock valued at $112,000 after buying an additional 1,364 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Jacobs Engineering Group during the first quarter valued at $160,000. Mn Services Vermogensbeheer B.V. boosted its stake in Jacobs Engineering Group by 5.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,226 shares of the construction company’s stock valued at $167,000 after buying an additional 158 shares during the last quarter. Invictus RG acquired a new stake in Jacobs Engineering Group during the first quarter valued at $178,000. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in Jacobs Engineering Group by 0.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,601 shares of the construction company’s stock valued at $199,000 after buying an additional 25 shares during the last quarter. 86.95% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

Earnings History and Estimates for Jacobs Engineering Group (NYSE:JEC)

Receive News & Ratings for Jacobs Engineering Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jacobs Engineering Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.