Jacobs Engineering Group Inc. (NYSE:JEC) Expected to Post Earnings of $0.86 Per Share

Wall Street analysts expect that Jacobs Engineering Group Inc. (NYSE:JEC) will announce earnings per share (EPS) of $0.86 for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Jacobs Engineering Group’s earnings, with the highest EPS estimate coming in at $0.89 and the lowest estimate coming in at $0.81. Jacobs Engineering Group posted earnings per share of $0.77 during the same quarter last year, which indicates a positive year-over-year growth rate of 11.7%. The company is scheduled to report its next quarterly earnings results on Tuesday, November 28th.

On average, analysts expect that Jacobs Engineering Group will report full-year earnings of $3.10 per share for the current fiscal year, with EPS estimates ranging from $3.02 to $3.15. For the next financial year, analysts anticipate that the business will report earnings of $3.38 per share, with EPS estimates ranging from $3.16 to $3.66. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Jacobs Engineering Group.

Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. Jacobs Engineering Group had a return on equity of 8.56% and a net margin of 2.05%. The firm had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter last year, the firm posted $0.78 EPS. The company’s revenue was down 6.6% compared to the same quarter last year.

A number of equities analysts have recently weighed in on JEC shares. Zacks Investment Research raised Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research note on Tuesday, April 11th. BidaskClub raised Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Citigroup Inc. lowered Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 price objective for the company. in a research note on Thursday, August 3rd. Credit Suisse Group reaffirmed a “buy” rating and issued a $69.00 price objective on shares of Jacobs Engineering Group in a research note on Friday, April 21st. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $64.00 price objective (up previously from $62.00) on shares of Jacobs Engineering Group in a research note on Friday, May 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $61.17.

Shares of Jacobs Engineering Group (JEC) opened at 54.12 on Friday. The firm has a 50 day moving average price of $53.53 and a 200 day moving average price of $54.97. Jacobs Engineering Group has a 12-month low of $49.15 and a 12-month high of $63.42. The stock has a market cap of $6.52 billion, a PE ratio of 31.47 and a beta of 1.52.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 4th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.11%. Jacobs Engineering Group’s dividend payout ratio is currently 34.88%.

Large investors have recently modified their holdings of the stock. Global X Management Co. LLC increased its stake in shares of Jacobs Engineering Group by 204.2% in the first quarter. Global X Management Co. LLC now owns 2,032 shares of the construction company’s stock worth $112,000 after buying an additional 1,364 shares during the period. First Manhattan Co. increased its stake in shares of Jacobs Engineering Group by 1,013.6% in the second quarter. First Manhattan Co. now owns 2,383 shares of the construction company’s stock worth $129,000 after buying an additional 2,169 shares during the period. Ameritas Investment Partners Inc. bought a new stake in shares of Jacobs Engineering Group during the first quarter worth about $160,000. Mn Services Vermogensbeheer B.V. increased its stake in shares of Jacobs Engineering Group by 5.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,226 shares of the construction company’s stock worth $167,000 after buying an additional 158 shares during the period. Finally, Invictus RG bought a new stake in shares of Jacobs Engineering Group during the first quarter worth about $178,000. Institutional investors and hedge funds own 87.41% of the company’s stock.

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

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