Jacobs Engineering Group Inc. (JEC) Posts Quarterly Earnings Results, Beats Expectations By $0.16 EPS

Jacobs Engineering Group Inc. (NYSE:JEC) posted its earnings results on Tuesday. The construction company reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.16, Bloomberg Earnings reports. Jacobs Engineering Group had a net margin of 2.29% and a return on equity of 8.67%. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same quarter in the prior year, the firm earned $0.77 EPS. The firm’s quarterly revenue was up .5% compared to the same quarter last year. Jacobs Engineering Group updated its FY18 guidance to $3.25-3.60 EPS.

Jacobs Engineering Group (NYSE:JEC) opened at $64.86 on Wednesday. The stock has a market cap of $7,139.50, a PE ratio of 19.65, a PEG ratio of 1.38 and a beta of 1.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.60 and a quick ratio of 1.60. Jacobs Engineering Group has a one year low of $49.31 and a one year high of $65.29.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Friday, October 13th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Thursday, October 12th. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 31.75%.

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A number of equities research analysts have commented on the stock. Jefferies Group LLC reissued a “hold” rating and set a $61.00 price objective on shares of Jacobs Engineering Group in a report on Friday, August 4th. KeyCorp reissued a “buy” rating and set a $60.00 price objective on shares of Jacobs Engineering Group in a report on Friday, August 25th. BidaskClub lowered shares of Jacobs Engineering Group from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Zacks Investment Research raised shares of Jacobs Engineering Group from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Finally, Citigroup Inc. set a $64.00 price objective on shares of Jacobs Engineering Group and gave the stock a “hold” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $62.63.

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.

Earnings History for Jacobs Engineering Group (NYSE:JEC)

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