Jacobs Engineering Group Inc to Post Q1 2018 Earnings of $0.63 Per Share, KeyCorp Forecasts (JEC)

Jacobs Engineering Group Inc (NYSE:JEC) – Investment analysts at KeyCorp cut their Q1 2018 earnings per share estimates for Jacobs Engineering Group in a research note issued on Wednesday. KeyCorp analyst T. Afzal now anticipates that the construction company will post earnings per share of $0.63 for the quarter, down from their previous estimate of $0.70. KeyCorp has a “Overweight” rating and a $75.00 price target on the stock. KeyCorp also issued estimates for Jacobs Engineering Group’s Q2 2018 earnings at $0.97 EPS, Q3 2018 earnings at $1.03 EPS, Q4 2018 earnings at $1.16 EPS and FY2020 earnings at $5.16 EPS.

Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings results on Tuesday, November 21st. The construction company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.16. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.58 billion. Jacobs Engineering Group had a net margin of 2.93% and a return on equity of 9.18%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.77 earnings per share.

Other analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Argus restated a “buy” rating and set a $73.00 target price on shares of Jacobs Engineering Group in a report on Monday, November 27th. They noted that the move was a valuation call. DA Davidson restated a “hold” rating and set a $68.00 target price on shares of Jacobs Engineering Group in a report on Wednesday, November 22nd. They noted that the move was a valuation call. Citigroup set a $64.00 target price on shares of Jacobs Engineering Group and gave the company a “hold” rating in a report on Friday, October 27th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $69.00 price target on shares of Jacobs Engineering Group in a research report on Friday, November 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. Jacobs Engineering Group presently has an average rating of “Hold” and an average target price of $68.20.

Jacobs Engineering Group (NYSE:JEC) traded up $0.69 during trading hours on Friday, reaching $67.79. 1,509,900 shares of the company traded hands, compared to its average volume of 1,254,600. The company has a market capitalization of $8,086.99, a PE ratio of 27.90, a P/E/G ratio of 1.46 and a beta of 1.56. Jacobs Engineering Group has a twelve month low of $49.31 and a twelve month high of $69.35. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05.

In other news, Director Joseph R. Bronson sold 6,125 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $63.01, for a total transaction of $385,936.25. Following the completion of the sale, the director now owns 30,496 shares of the company’s stock, valued at approximately $1,921,552.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.74% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in JEC. Advisor Group Inc. grew its stake in shares of Jacobs Engineering Group by 18.8% during the 2nd quarter. Advisor Group Inc. now owns 2,140 shares of the construction company’s stock valued at $117,000 after acquiring an additional 339 shares during the period. Whittier Trust Co. boosted its position in shares of Jacobs Engineering Group by 141.2% during the 3rd quarter. Whittier Trust Co. now owns 2,050 shares of the construction company’s stock valued at $119,000 after acquiring an additional 1,200 shares during the last quarter. Jarislowsky Fraser Ltd bought a new position in shares of Jacobs Engineering Group during the 3rd quarter valued at approximately $186,000. Palisade Capital Management LLC NJ bought a new position in shares of Jacobs Engineering Group during the 3rd quarter valued at approximately $206,000. Finally, Bridgewater Associates LP bought a new position in shares of Jacobs Engineering Group during the 2nd quarter valued at approximately $207,000. Institutional investors own 84.59% of the company’s stock.

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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.

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

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