Jacobs Engineering Group Inc. (NYSE:JEC) – DA Davidson dropped their FY2017 earnings per share estimates for shares of Jacobs Engineering Group in a note issued to investors on Wednesday. DA Davidson analyst B. Thielman now anticipates that the construction company will post earnings of $3.06 per share for the year, down from their prior estimate of $3.11. DA Davidson also issued estimates for Jacobs Engineering Group’s Q4 2017 earnings at $0.82 EPS, Q1 2018 earnings at $0.68 EPS, Q2 2018 earnings at $0.69 EPS, Q3 2018 earnings at $0.90 EPS, Q4 2018 earnings at $0.98 EPS and FY2019 earnings at $3.65 EPS.
Several other equities research analysts have also recently commented on the company. Zacks Investment Research raised Jacobs Engineering Group from a “sell” rating to a “hold” rating in a report on Thursday. Citadel Securities cut Jacobs Engineering Group from a “buy” rating to a “neutral” rating and increased their price target for the company from $62.00 to $66.00 in a report on Tuesday. Jefferies Group LLC reaffirmed a “hold” rating and issued a $61.00 price target on shares of Jacobs Engineering Group in a report on Friday, August 4th. Citigroup Inc. cut Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 price target for the company. in a report on Thursday, August 3rd. Finally, BidaskClub cut Jacobs Engineering Group from a “hold” rating to a “sell” rating in a report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $61.64.
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Jacobs Engineering Group (JEC) opened at 52.58 on Thursday. The company has a market cap of $6.33 billion, a P/E ratio of 27.97 and a beta of 1.52. The company has a 50-day moving average of $53.51 and a 200 day moving average of $54.82. Jacobs Engineering Group has a one year low of $49.15 and a one year high of $63.42.
Jacobs Engineering Group (NYSE:JEC) last announced its earnings results on Tuesday, August 8th. The construction company reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.52 billion. Jacobs Engineering Group had a net margin of 2.29% and a return on equity of 8.67%. The business’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 4th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $0.60 annualized dividend and a yield of 1.14%. Jacobs Engineering Group’s dividend payout ratio (DPR) is 31.75%.
A number of large investors have recently bought and sold shares of the company. Global Financial Private Capital LLC boosted its stake in Jacobs Engineering Group by 25.2% in the second quarter. Global Financial Private Capital LLC now owns 5,717 shares of the construction company’s stock valued at $311,000 after buying an additional 1,151 shares during the period. Waters Parkerson & CO. LLC boosted its stake in Jacobs Engineering Group by 3.2% in the second quarter. Waters Parkerson & CO. LLC now owns 207,973 shares of the construction company’s stock valued at $11,312,000 after buying an additional 6,470 shares during the period. Paragon Capital Management LLC boosted its stake in Jacobs Engineering Group by 12.1% in the second quarter. Paragon Capital Management LLC now owns 147,012 shares of the construction company’s stock valued at $7,996,000 after buying an additional 15,924 shares during the period. Dimensional Fund Advisors LP boosted its stake in Jacobs Engineering Group by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,171,451 shares of the construction company’s stock valued at $172,489,000 after buying an additional 20,995 shares during the period. Finally, Virtu KCG Holdings LLC boosted its stake in Jacobs Engineering Group by 46.4% in the second quarter. Virtu KCG Holdings LLC now owns 20,645 shares of the construction company’s stock valued at $1,123,000 after buying an additional 6,541 shares during the period. 87.41% of the stock is owned by institutional investors.
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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