Jacobs Engineering Group Inc (NYSE:JEC) – Equities research analysts at Jefferies Group issued their Q2 2018 earnings per share (EPS) estimates for Jacobs Engineering Group in a note issued to investors on Wednesday. Jefferies Group analyst M. Englert anticipates that the construction company will post earnings per share of $0.85 for the quarter. Jefferies Group has a “Hold” rating and a $70.00 price target on the stock. Jefferies Group also issued estimates for Jacobs Engineering Group’s Q3 2018 earnings at $1.10 EPS, Q4 2018 earnings at $1.21 EPS, FY2018 earnings at $3.96 EPS and FY2019 earnings at $4.95 EPS.
JEC has been the subject of several other reports. Zacks Investment Research cut Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 23rd. ValuEngine cut Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $82.00 target price on shares of Jacobs Engineering Group in a research report on Thursday, January 18th. Bank of America raised their target price on Jacobs Engineering Group from $62.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Citigroup set a $64.00 target price on Jacobs Engineering Group and gave the stock a “hold” rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. Jacobs Engineering Group has a consensus rating of “Hold” and a consensus target price of $74.00.
Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings data on Wednesday, February 7th. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.10. The business 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%. Jacobs Engineering Group’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $0.68 earnings per share.
Several hedge funds and other institutional investors have recently modified their holdings of JEC. Advisor Group Inc. lifted its holdings 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 valued at $117,000 after acquiring an additional 339 shares during the period. Whittier Trust Co. lifted its holdings 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 valued at $119,000 after acquiring an additional 1,200 shares during the period. Cerebellum GP LLC bought a new position in shares of Jacobs Engineering Group in the fourth quarter valued at about $127,000. Tower Research Capital LLC TRC bought a new position in shares of Jacobs Engineering Group in the fourth quarter valued at about $131,000. Finally, Jarislowsky Fraser Ltd bought a new position in shares of Jacobs Engineering Group in the third quarter valued at about $186,000. 71.79% of the stock is owned by institutional investors.
In other Jacobs Engineering Group news, Director Joseph R. Bronson sold 6,125 shares of Jacobs Engineering Group stock in a transaction 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 completion of the transaction, the director now directly owns 30,496 shares of the company’s stock, valued at $1,921,552.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.74% of the stock is currently owned by company insiders.
The business also recently disclosed 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. 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 payout ratio is presently 30.77%.
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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.
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