Analysts Anticipate Jacobs Engineering Group Inc (JEC) to Announce $0.67 EPS
Equities research analysts predict that Jacobs Engineering Group Inc (NYSE:JEC) will announce $0.67 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Jacobs Engineering Group’s earnings, with the lowest EPS estimate coming in at $0.63 and the highest estimate coming in at $0.75. Jacobs Engineering Group reported earnings per share of $0.68 in the same quarter last year, which would indicate a negative year over year growth rate of 1.5%. The company is expected to issue its next quarterly earnings results before the market opens on Wednesday, February 7th.
On average, analysts expect that Jacobs Engineering Group will report full year earnings of $3.73 per share for the current year, with EPS estimates ranging from $3.65 to $3.84. For the next financial year, analysts forecast that the firm will report earnings of $4.23 per share, with EPS estimates ranging from $3.90 to $4.62. Zacks’ EPS averages are a mean average based on a survey of research firms that follow Jacobs Engineering Group.
Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings data on Tuesday, November 21st. The construction company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates 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 business’s revenue was up .5% on a year-over-year basis. During the same quarter last year, the company earned $0.77 EPS.
Shares of Jacobs Engineering Group (NYSE JEC) traded up $0.16 during midday trading on Wednesday, hitting $69.58. 649,736 shares of the stock were exchanged, compared to its average volume of 1,089,691. The firm has a market cap of $9,900.00, a PE ratio of 28.75, a price-to-earnings-growth ratio of 1.40 and a beta of 1.56. Jacobs Engineering Group has a twelve month low of $49.31 and a twelve month high of $70.35. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.05.
In related news, Director Joseph R. Bronson sold 6,125 shares of Jacobs Engineering Group stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $63.01, for a total value of $385,936.25. Following 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.74% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. First Quadrant L P CA grew its stake in Jacobs Engineering Group by 17.1% in the 3rd quarter. First Quadrant L P CA now owns 302,358 shares of the construction company’s stock valued at $17,618,000 after acquiring an additional 44,080 shares during the period. Hahn Capital Management LLC grew its stake in Jacobs Engineering Group by 1.0% in the 3rd quarter. Hahn Capital Management LLC now owns 668,319 shares of the construction company’s stock valued at $38,943,000 after acquiring an additional 6,434 shares during the period. Waters Parkerson & CO. LLC grew its stake in Jacobs Engineering Group by 2.5% in the 3rd quarter. Waters Parkerson & CO. LLC now owns 213,268 shares of the construction company’s stock valued at $12,427,000 after acquiring an additional 5,295 shares during the period. Exane Derivatives purchased a new position in Jacobs Engineering Group in the 3rd quarter valued at $789,000. Finally, Carnick & Kubik Group LLC purchased a new position in Jacobs Engineering Group in the 3rd quarter valued at $420,000. 72.15% of the stock is currently owned by hedge funds and other institutional investors.
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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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