Jacobs Engineering Group Inc. (NYSE:JEC) announced its quarterly earnings results on Tuesday. The construction company reported $0.79 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.79, Bloomberg Earnings reports. Jacobs Engineering Group had a return on equity of 8.56% and a net margin of 2.05%. The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the business posted $0.78 EPS. The business’s revenue was down 6.6% compared to the same quarter last year. Jacobs Engineering Group updated its FY17 guidance to $3.00-3.15 EPS.

Jacobs Engineering Group (JEC) opened at 52.31 on Tuesday. The stock has a market capitalization of $6.30 billion, a P/E ratio of 30.41 and a beta of 1.52. The company’s 50-day moving average price is $53.67 and its 200 day moving average price is $55.02. Jacobs Engineering Group has a 52 week low of $49.15 and a 52 week high of $63.42.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 4th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $0.60 annualized dividend and a yield of 1.15%. Jacobs Engineering Group’s dividend payout ratio (DPR) is 34.88%.

A number of brokerages have recently issued reports on JEC. BidaskClub upgraded Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Zacks Investment Research upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a report on Tuesday, April 11th. Robert W. Baird reiterated a “neutral” rating and issued a $64.00 price target (up from $62.00) on shares of Jacobs Engineering Group in a report on Friday, May 12th. Credit Suisse Group reiterated a “buy” rating and issued a $69.00 price target on shares of Jacobs Engineering Group in a report on Friday, April 21st. Finally, Citigroup Inc. downgraded Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 price target on the stock. in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. Jacobs Engineering Group currently has an average rating of “Hold” and an average price target of $60.73.

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A number of hedge funds have recently bought and sold shares of the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Jacobs Engineering Group by 33.4% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 33,617 shares of the construction company’s stock worth $1,828,000 after buying an additional 8,425 shares in the last quarter. Markston International LLC boosted its stake in Jacobs Engineering Group by 0.4% in the second quarter. Markston International LLC now owns 55,857 shares of the construction company’s stock worth $3,038,000 after buying an additional 235 shares in the last quarter. Prudential Financial Inc. boosted its stake in Jacobs Engineering Group by 61.5% in the second quarter. Prudential Financial Inc. now owns 321,304 shares of the construction company’s stock worth $17,476,000 after buying an additional 122,362 shares in the last quarter. Royce & Associates LP boosted its stake in Jacobs Engineering Group by 4.6% in the second quarter. Royce & Associates LP now owns 228,900 shares of the construction company’s stock worth $12,450,000 after buying an additional 10,000 shares in the last quarter. Finally, Great Lakes Advisors LLC boosted its stake in Jacobs Engineering Group by 22.0% in the second quarter. Great Lakes Advisors LLC now owns 131,739 shares of the construction company’s stock worth $7,165,000 after buying an additional 23,786 shares in the last quarter. Institutional investors own 87.41% of the company’s stock.

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.

Earnings History for Jacobs Engineering Group (NYSE:JEC)

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