Wall Street analysts expect Jacobs Engineering Group Inc. (NYSE:JEC) to post sales of $2.60 billion for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Jacobs Engineering Group’s earnings. The highest sales estimate is $2.67 billion and the lowest is $2.54 billion. Jacobs Engineering Group posted sales of $2.64 billion during the same quarter last year, which would suggest a negative year over year growth rate of 1.5%. The firm is expected to announce its next earnings report on Tuesday, November 28th.

On average, analysts expect that Jacobs Engineering Group will report full-year sales of $2.60 billion for the current fiscal year, with estimates ranging from $9.93 billion to $10.06 billion. For the next financial year, analysts expect that the company will post sales of $10.45 billion per share, with estimates ranging from $10.32 billion to $10.67 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Jacobs Engineering Group.

Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.52 billion. Jacobs Engineering Group had a net margin of 2.29% and a return on equity of 8.67%. The company’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.78 earnings per share.

A number of brokerages have recently weighed in on JEC. BidaskClub upgraded Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Zacks Investment Research upgraded Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Citadel Securities lowered Jacobs Engineering Group from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $62.00 to $66.00 in a research report on Tuesday, August 8th. Citigroup Inc. cut Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 target price on the stock. in a report on Thursday, August 3rd. Finally, Jefferies Group LLC restated a “hold” rating and set a $61.00 target price on shares of Jacobs Engineering Group in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. Jacobs Engineering Group currently has an average rating of “Hold” and a consensus target price of $62.30.

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Several institutional investors have recently modified their holdings of the company. Lord Abbett & CO. LLC grew its position in shares of Jacobs Engineering Group by 1.5% during the second quarter. Lord Abbett & CO. LLC now owns 1,108,792 shares of the construction company’s stock valued at $60,307,000 after purchasing an additional 16,302 shares in the last quarter. Toronto Dominion Bank grew its position in shares of Jacobs Engineering Group by 24.9% during the second quarter. Toronto Dominion Bank now owns 40,803 shares of the construction company’s stock valued at $2,219,000 after purchasing an additional 8,132 shares in the last quarter. Archford Capital Strategies LLC grew its position in shares of Jacobs Engineering Group by 900,516.7% during the second quarter. Archford Capital Strategies LLC now owns 54,037 shares of the construction company’s stock valued at $1,582,000 after purchasing an additional 54,031 shares in the last quarter. Hahn Capital Management LLC grew its position in shares of Jacobs Engineering Group by 4.8% during the second quarter. Hahn Capital Management LLC now owns 661,885 shares of the construction company’s stock valued at $36,000,000 after purchasing an additional 30,555 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in shares of Jacobs Engineering Group by 12.7% during the second quarter. Public Employees Retirement System of Ohio now owns 277,466 shares of the construction company’s stock valued at $15,091,000 after purchasing an additional 31,367 shares in the last quarter. Hedge funds and other institutional investors own 86.13% of the company’s stock.

Jacobs Engineering Group (NYSE JEC) opened at 55.98 on Thursday. Jacobs Engineering Group has a 52-week low of $49.15 and a 52-week high of $63.42. The company has a market cap of $6.74 billion, a price-to-earnings ratio of 29.78 and a beta of 1.52. The stock’s 50 day moving average is $52.85 and its 200 day moving average is $53.90.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 4th were paid a $0.15 dividend. The ex-dividend date was Wednesday, August 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 1.07%. Jacobs Engineering Group’s payout ratio is presently 31.75%.

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

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