Jacobs Engineering Group Inc (JEC) Expected to Announce Quarterly Sales of $2.56 Billion

Equities research analysts expect that Jacobs Engineering Group Inc (NYSE:JEC) will report sales of $2.56 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Jacobs Engineering Group’s earnings. The highest sales estimate is $2.59 billion and the lowest is $2.53 billion. Jacobs Engineering Group reported sales of $2.55 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 0.4%. The firm is scheduled to issue its next earnings report before the market opens on Wednesday, February 7th.

On average, analysts expect that Jacobs Engineering Group will report full year sales of $2.56 billion for the current fiscal year, with estimates ranging from $13.78 billion to $14.67 billion. For the next fiscal year, analysts anticipate that the business will report sales of $15.70 billion per share, with estimates ranging from $14.90 billion to $16.81 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Jacobs Engineering Group.

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

A number of research analysts recently commented on the company. Credit Suisse Group reissued an “outperform” rating and issued a $82.00 price target on shares of Jacobs Engineering Group in a report on Thursday. Barclays initiated coverage on Jacobs Engineering Group in a report on Tuesday, December 12th. They issued an “overweight” rating and a $75.00 price target for the company. Zacks Investment Research raised Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a report on Monday, January 8th. ValuEngine raised Jacobs Engineering Group from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, KeyCorp increased their target price on Jacobs Engineering Group from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $70.40.

Jacobs Engineering Group (JEC) opened at $69.39 on Friday. The company has a market capitalization of $9,870.00, a PE ratio of 28.67, a P/E/G ratio of 1.39 and a beta of 1.56. Jacobs Engineering Group has a 1-year low of $49.31 and a 1-year 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.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 16th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.86%. Jacobs Engineering Group’s dividend payout ratio is presently 24.79%.

In other Jacobs Engineering Group news, Director Joseph R. Bronson sold 6,125 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $63.01, for a total transaction of $385,936.25. Following the transaction, 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 document filed with the SEC, which is available at this link. Company insiders own 0.74% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in JEC. Advisor Group Inc. raised its position 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 worth $117,000 after purchasing an additional 339 shares during the period. Whittier Trust Co. raised 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 worth $119,000 after purchasing an additional 1,200 shares during the period. Jarislowsky Fraser Ltd acquired a new stake in shares of Jacobs Engineering Group during the 3rd quarter worth approximately $186,000. Palisade Capital Management LLC NJ acquired a new stake in shares of Jacobs Engineering Group during the 3rd quarter worth approximately $206,000. Finally, MPS Loria Financial Planners LLC acquired a new stake in shares of Jacobs Engineering Group during the 2nd quarter worth approximately $209,000. 72.15% of the stock is currently owned by 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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Earnings History and Estimates for Jacobs Engineering Group (NYSE:JEC)

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