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.
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%.
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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.
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