Brokerages Expect Jacobs Engineering Group Inc (JEC) Will Announce Quarterly Sales of $3.81 Billion

Equities research analysts forecast that Jacobs Engineering Group Inc (NYSE:JEC) will announce sales of $3.81 billion for the current quarter, according to Zacks. Five analysts have provided estimates for Jacobs Engineering Group’s earnings, with the highest sales estimate coming in at $3.92 billion and the lowest estimate coming in at $3.72 billion. Jacobs Engineering Group posted sales of $2.75 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 38.5%. The company is expected to issue its next earnings report on Wednesday, February 6th.

On average, analysts expect that Jacobs Engineering Group will report full-year sales of $16.65 billion for the current fiscal year, with estimates ranging from $16.20 billion to $17.07 billion. For the next fiscal year, analysts forecast that the company will post sales of $17.52 billion, with estimates ranging from $16.89 billion to $18.21 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Jacobs Engineering Group.

Jacobs Engineering Group (NYSE:JEC) last issued its earnings results on Tuesday, November 20th. The construction company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.07. The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.27 billion. Jacobs Engineering Group had a net margin of 1.19% and a return on equity of 10.40%. Jacobs Engineering Group’s quarterly revenue was up 56.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 EPS.

Several analysts have commented on the stock. Seaport Global Securities assumed coverage on shares of Jacobs Engineering Group in a research note on Thursday, November 15th. They issued a “buy” rating and a $91.00 price target on the stock. ValuEngine upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research note on Wednesday, September 19th. Barclays reiterated a “buy” rating and issued a $83.00 price target on shares of Jacobs Engineering Group in a research note on Thursday, October 18th. Robert W. Baird boosted their price target on shares of Jacobs Engineering Group from $82.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 23rd. Finally, Citigroup upgraded shares of Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $95.00 price target on the stock in a research note on Monday, October 22nd. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $83.92.

Shares of JEC stock opened at $59.78 on Friday. The firm has a market capitalization of $8.93 billion, a price-to-earnings ratio of 13.37, a P/E/G ratio of 1.27 and a beta of 1.40. Jacobs Engineering Group has a 52 week low of $55.21 and a 52 week high of $82.24. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.45 and a current ratio of 1.45.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Madison Investment Holdings Inc. raised its position in shares of Jacobs Engineering Group by 17.1% during the 2nd quarter. Madison Investment Holdings Inc. now owns 1,284,085 shares of the construction company’s stock valued at $81,527,000 after buying an additional 187,572 shares in the last quarter. First American Trust FSB raised its position in shares of Jacobs Engineering Group by 7.2% during the 3rd quarter. First American Trust FSB now owns 42,370 shares of the construction company’s stock valued at $3,241,000 after buying an additional 2,855 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Jacobs Engineering Group during the 2nd quarter valued at about $1,323,000. Ruggie Capital Group purchased a new stake in shares of Jacobs Engineering Group during the 2nd quarter valued at about $241,000. Finally, Bank of Nova Scotia raised its position in shares of Jacobs Engineering Group by 7.9% during the 2nd quarter. Bank of Nova Scotia now owns 13,107 shares of the construction company’s stock valued at $832,000 after buying an additional 961 shares in the last quarter. Hedge funds and other institutional investors own 86.46% of the company’s stock.

Jacobs Engineering Group Company Profile

Jacobs Engineering Group Inc provides technical, professional, and construction services. It offers project services that include engineering, architectural, interiors, design, planning, and related services, as well as planning, scheduling, procurement, estimating, cost engineering, project accounting and delivery, safety, and other support services.

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Earnings History and Estimates for Jacobs Engineering Group (NYSE:JEC)

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