Jacobs Engineering Group Inc (NYSE:JEC) – Stock analysts at KeyCorp upped their FY2018 earnings estimates for Jacobs Engineering Group in a research report issued on Thursday. KeyCorp analyst T. Afzal now forecasts that the construction company will post earnings of $4.14 per share for the year, up from their prior forecast of $3.84. KeyCorp has a “Overweight” rating and a $75.00 price target on the stock. KeyCorp also issued estimates for Jacobs Engineering Group’s FY2019 earnings at $4.95 EPS.
Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research note on Monday, January 8th. ValuEngine upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Argus reiterated a “buy” rating and issued a $73.00 price objective on shares of Jacobs Engineering Group in a research note on Monday, November 27th. They noted that the move was a valuation call. Barclays raised their price objective on shares of Jacobs Engineering Group from $75.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Finally, UBS Group upgraded shares of Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Monday, January 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $74.00.
Jacobs Engineering Group (NYSE:JEC) last posted its earnings results on Wednesday, February 7th. The construction company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.10. The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.56 billion. Jacobs Engineering Group had a net margin of 2.30% and a return on equity of 8.59%. The company’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm posted $0.68 EPS.
A number of institutional investors have recently added to or reduced their stakes in JEC. GSA Capital Partners LLP purchased a new stake in Jacobs Engineering Group in the second quarter valued at approximately $225,000. Advisor Group Inc. grew its stake in 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 buying an additional 339 shares during the period. Stifel Financial Corp grew its stake in Jacobs Engineering Group by 31.9% during the second quarter. Stifel Financial Corp now owns 12,135 shares of the construction company’s stock worth $662,000 after buying an additional 2,936 shares during the period. Janus Henderson Group PLC grew its stake in Jacobs Engineering Group by 198.1% during the second quarter. Janus Henderson Group PLC now owns 33,217 shares of the construction company’s stock worth $1,807,000 after buying an additional 22,074 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in Jacobs Engineering Group by 3.5% during the second quarter. The Manufacturers Life Insurance Company now owns 142,459 shares of the construction company’s stock worth $7,749,000 after buying an additional 4,835 shares during the period. Hedge funds and other institutional investors own 71.51% of the company’s stock.
In other news, Director Joseph R. Bronson sold 6,125 shares of Jacobs Engineering Group 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 directly owns 30,496 shares in the company, valued at $1,921,552.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.74% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.96%. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 30.77%.
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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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