Jacobs Engineering Group Inc. (JEC) Releases FY17 Earnings Guidance
Jacobs Engineering Group Inc. (NYSE:JEC) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $3.00-3.15 for the period, compared to the Thomson Reuters consensus estimate of $3.13.
Jacobs Engineering Group Inc. (JEC) opened at 52.31 on Tuesday. The firm has a 50 day moving average of $53.67 and a 200-day moving average of $55.02. Jacobs Engineering Group Inc. has a one year low of $49.15 and a one year high of $63.42. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 30.41 and a beta of 1.52.
Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.79 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.79. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.52 billion. Jacobs Engineering Group had a net margin of 2.05% and a return on equity of 8.56%. The company’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.78 EPS. Equities research analysts forecast that Jacobs Engineering Group Inc. will post $3.13 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 4th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, August 2nd. This represents a $0.60 annualized dividend and a yield of 1.15%. Jacobs Engineering Group’s dividend payout ratio is presently 34.88%.
Several research analysts have weighed in on JEC shares. Zacks Investment Research upgraded shares of Jacobs Engineering Group from a hold rating to a buy rating and set a $62.00 price objective on the stock in a research note on Tuesday, April 11th. Credit Suisse Group reiterated a buy rating and issued a $69.00 price objective on shares of Jacobs Engineering Group in a research note on Friday, April 21st. Robert W. Baird reiterated a neutral rating and issued a $64.00 price objective (up previously from $62.00) on shares of Jacobs Engineering Group in a research note on Friday, May 12th. BidaskClub upgraded shares of Jacobs Engineering Group from a strong sell rating to a sell rating in a research note on Tuesday, June 13th. Finally, Citigroup Inc. lowered shares of Jacobs Engineering Group from a buy rating to a neutral rating and set a $62.00 price objective on the stock. in a research note on Thursday, August 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $60.73.
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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.
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