Jacobs Engineering Group Inc (NYSE:JEC) – Research analysts at DA Davidson raised their Q2 2018 earnings estimates for Jacobs Engineering Group in a research note issued to investors on Wednesday. DA Davidson analyst B. Thielman now forecasts that the construction company will post earnings per share of $0.89 for the quarter, up from their prior forecast of $0.81. DA Davidson has a “Hold” rating and a $68.00 price objective on the stock. DA Davidson also issued estimates for Jacobs Engineering Group’s Q3 2018 earnings at $1.10 EPS, Q4 2018 earnings at $1.15 EPS and FY2018 earnings at $4.03 EPS.
Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings data on Wednesday, February 7th. The construction company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.10. Jacobs Engineering Group had a net margin of 2.30% and a return on equity of 8.59%. The company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period last year, the business earned $0.68 earnings per share. Jacobs Engineering Group’s revenue was up 7.8% compared to the same quarter last year.
Jacobs Engineering Group (NYSE JEC) traded down $0.18 during mid-day trading on Friday, hitting $62.64. 151,765 shares of the stock were exchanged, compared to its average volume of 1,173,527. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.48 and a quick ratio of 1.56. Jacobs Engineering Group has a one year low of $49.31 and a one year high of $72.18. The company has a market capitalization of $9,351.73, a price-to-earnings ratio of 32.12, a P/E/G ratio of 1.22 and a beta of 1.49.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 16th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $0.60 annualized dividend and a yield of 0.96%. Jacobs Engineering Group’s payout ratio is presently 30.77%.
In other Jacobs Engineering Group news, Director Joseph R. Bronson sold 6,125 shares of Jacobs Engineering Group stock in a transaction that occurred on 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 directly owns 30,496 shares in the company, valued at $1,921,552.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.74% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Advisor Group Inc. raised its stake in shares of Jacobs Engineering Group by 18.8% during the second quarter. Advisor Group Inc. now owns 2,140 shares of the construction company’s stock worth $117,000 after acquiring an additional 339 shares in the last quarter. Whittier Trust Co. raised its stake in shares of Jacobs Engineering Group by 141.2% during the third quarter. Whittier Trust Co. now owns 2,050 shares of the construction company’s stock worth $119,000 after acquiring an additional 1,200 shares in the last quarter. Cerebellum GP LLC purchased a new position in shares of Jacobs Engineering Group during the fourth quarter worth approximately $127,000. Jarislowsky Fraser Ltd purchased a new position in shares of Jacobs Engineering Group during the third quarter worth approximately $186,000. Finally, Palisade Capital Management LLC NJ purchased a new position in shares of Jacobs Engineering Group during the third quarter worth approximately $206,000. 71.79% 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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