DA Davidson Research Analysts Increase Earnings Estimates for Jacobs Engineering Group Inc (JEC)

Jacobs Engineering Group Inc (NYSE:JEC) – Equities research analysts at DA Davidson increased their Q2 2018 earnings estimates for Jacobs Engineering Group in a research note issued on Wednesday. DA Davidson analyst B. Thielman now forecasts that the construction company will post earnings per share of $0.89 for the quarter, up from their previous estimate of $0.81. DA Davidson currently has a “Hold” rating and a $68.00 price objective on the stock. DA Davidson also issued estimates for Jacobs Engineering Group’s Q3 2018 earnings at $1.10 EPS, Q4 2018 earnings at $1.15 EPS and FY2018 earnings at $4.03 EPS.

Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings results on Wednesday, February 7th. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.10. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.56 billion. Jacobs Engineering Group had a return on equity of 8.59% and a net margin of 2.30%. Jacobs Engineering Group’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the company earned $0.68 earnings per share.

A number of other analysts also recently issued reports on the company. Bank of America raised their price target on Jacobs Engineering Group from $62.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday. Jefferies Group set a $70.00 price target on Jacobs Engineering Group and gave the stock a “hold” rating in a research report on Wednesday. Robert W. Baird set a $75.00 price target on Jacobs Engineering Group and gave the stock a “hold” rating in a research report on Wednesday. Citigroup raised their price target on Jacobs Engineering Group from $70.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Goldman Sachs Group upgraded Jacobs Engineering Group from a “sell” rating to a “neutral” rating in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $74.00.

Shares of Jacobs Engineering Group (JEC) traded down $0.18 on Friday, reaching $62.64. The company had a trading volume of 151,765 shares, compared to its average volume of 1,173,527. The company has a market capitalization of $9,351.73, a P/E ratio of 32.12, a PEG ratio of 1.22 and a beta of 1.49. Jacobs Engineering Group has a 12 month low of $49.31 and a 12 month high of $72.18. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.56 and a current ratio of 1.48.

A number of hedge funds have recently added to or reduced their stakes in the business. Advisor Group Inc. increased its stake in shares of Jacobs Engineering Group by 18.8% during the second quarter. Advisor Group Inc. now owns 2,140 shares of the construction company’s stock valued at $117,000 after buying an additional 339 shares during the period. Whittier Trust Co. increased its stake in shares of Jacobs Engineering Group by 141.2% during the third quarter. Whittier Trust Co. now owns 2,050 shares of the construction company’s stock valued at $119,000 after buying an additional 1,200 shares during the period. Cerebellum GP LLC purchased a new position in shares of Jacobs Engineering Group during the fourth quarter valued at $127,000. Jarislowsky Fraser Ltd purchased a new position in shares of Jacobs Engineering Group during the third quarter valued at $186,000. Finally, Palisade Capital Management LLC NJ purchased a new position in shares of Jacobs Engineering Group during the third quarter valued at $206,000. Institutional investors and hedge funds own 71.79% of the company’s stock.

In other Jacobs Engineering Group news, Director Joseph R. Bronson sold 6,125 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $63.01, for a total value of $385,936.25. Following the sale, the director now owns 30,496 shares in the company, valued at $1,921,552.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.74% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 16th will be paid a $0.15 dividend. The ex-dividend date is Thursday, February 15th. This represents a $0.60 dividend on an annualized basis and a yield of 0.96%. Jacobs Engineering Group’s payout ratio is 30.77%.

WARNING: This story was originally posted by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another domain, it was illegally stolen and republished in violation of United States and international trademark & copyright law. The correct version of this story can be viewed at https://www.com-unik.info/2018/02/09/da-davidson-research-analysts-increase-earnings-estimates-for-jacobs-engineering-group-inc-jec.html.

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)

Receive News & Ratings for Jacobs Engineering Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jacobs Engineering Group and related companies with MarketBeat.com's FREE daily email newsletter.

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