DA Davidson Weighs in on Jacobs Engineering Group Inc.’s Q1 2018 Earnings (JEC)

Jacobs Engineering Group Inc. (NYSE:JEC) – Research analysts at DA Davidson lowered their Q1 2018 EPS estimates for Jacobs Engineering Group in a report released on Tuesday. DA Davidson analyst B. Thielman now expects that the construction company will earn $0.64 per share for the quarter, down from their prior forecast of $0.68. DA Davidson has a “Hold” rating and a $68.00 price target on the stock. DA Davidson also issued estimates for Jacobs Engineering Group’s Q2 2018 earnings at $0.81 EPS, Q3 2018 earnings at $1.08 EPS, Q4 2018 earnings at $1.13 EPS and FY2019 earnings at $3.90 EPS.

Other research analysts have also recently issued reports about the stock. KeyCorp increased their target price on shares of Jacobs Engineering Group from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday. Jefferies Group LLC reiterated a “hold” rating and set a $61.00 target price on shares of Jacobs Engineering Group in a report on Friday, August 4th. BidaskClub cut shares of Jacobs Engineering Group from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. ValuEngine upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Zacks Investment Research upgraded shares of Jacobs Engineering Group from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Jacobs Engineering Group currently has an average rating of “Hold” and an average target price of $64.89.

ILLEGAL ACTIVITY NOTICE: “DA Davidson Weighs in on Jacobs Engineering Group Inc.’s Q1 2018 Earnings (JEC)” was first published by Community Financial News and is the property of of Community Financial News. If you are viewing this article on another site, it was illegally stolen and reposted in violation of US & international copyright laws. The legal version of this article can be viewed at https://www.com-unik.info/2017/11/23/da-davidson-weighs-in-on-jacobs-engineering-group-inc-s-q1-2018-earnings-jec.html.

Shares of Jacobs Engineering Group (JEC) traded down $0.08 during trading on Thursday, reaching $64.78. 862,176 shares of the company’s stock traded hands, compared to its average volume of 816,945. The company has a current ratio of 1.56, a quick ratio of 1.60 and a debt-to-equity ratio of 0.05. Jacobs Engineering Group has a one year low of $49.31 and a one year high of $65.80. The company has a market cap of $7,813.43, a PE ratio of 20.08, a price-to-earnings-growth ratio of 1.51 and a beta of 1.51.

Jacobs Engineering Group (NYSE:JEC) last issued its earnings results on Tuesday, November 21st. The construction company reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.16. Jacobs Engineering Group had a net margin of 2.93% and a return on equity of 9.18%. The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.58 billion. During the same period in the prior year, the business earned $0.77 EPS. The firm’s quarterly revenue was up .5% on a year-over-year basis.

Several large investors have recently added to or reduced their stakes in the company. Bingham Osborn & Scarborough LLC boosted its holdings in shares of Jacobs Engineering Group by 0.3% in the 2nd quarter. Bingham Osborn & Scarborough LLC now owns 5,617 shares of the construction company’s stock valued at $306,000 after buying an additional 17 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Jacobs Engineering Group by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 11,950 shares of the construction company’s stock valued at $650,000 after purchasing an additional 34 shares during the last quarter. Seaward Management Limited Partnership raised its position in shares of Jacobs Engineering Group by 1.3% in the 2nd quarter. Seaward Management Limited Partnership now owns 6,429 shares of the construction company’s stock valued at $349,000 after purchasing an additional 84 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Jacobs Engineering Group by 1.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the construction company’s stock valued at $408,000 after purchasing an additional 100 shares during the last quarter. Finally, Endurance Wealth Management Inc. raised its position in shares of Jacobs Engineering Group by 0.4% in the 2nd quarter. Endurance Wealth Management Inc. now owns 26,634 shares of the construction company’s stock valued at $1,449,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 85.16% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Friday, October 13th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Thursday, October 12th. Jacobs Engineering Group’s dividend payout ratio is currently 24.69%.

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.

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

What are top analysts saying about Jacobs Engineering Group Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Jacobs Engineering Group Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit