$4.24 Billion in Sales Expected for Jacobs Engineering Group Inc (JEC) This Quarter

Equities research analysts expect Jacobs Engineering Group Inc (NYSE:JEC) to report $4.24 billion in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Jacobs Engineering Group’s earnings. The lowest sales estimate is $4.19 billion and the highest is $4.36 billion. Jacobs Engineering Group posted sales of $2.65 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 60%. The business is scheduled to issue its next earnings results before the market opens on Tuesday, November 20th.

According to Zacks, analysts expect that Jacobs Engineering Group will report full-year sales of $15.08 billion for the current financial year, with estimates ranging from $15.03 billion to $15.20 billion. For the next year, analysts expect that the company will report sales of $16.60 billion, with estimates ranging from $16.20 billion to $17.07 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Jacobs Engineering Group.

JEC has been the topic of several recent research reports. Citigroup raised their price target on Jacobs Engineering Group from $69.00 to $70.00 and gave the stock a “$66.12” rating in a report on Monday, July 23rd. Robert W. Baird reiterated an “outperform” rating and issued a $82.00 target price (up from $73.00) on shares of Jacobs Engineering Group in a research note on Monday, August 6th. Jefferies Financial Group reiterated a “hold” rating and issued a $74.00 target price on shares of Jacobs Engineering Group in a research note on Tuesday, August 7th. KeyCorp raised their target price on shares of Jacobs Engineering Group from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, August 7th. Finally, Credit Suisse Group raised their target price on shares of Jacobs Engineering Group from $86.00 to $88.00 and gave the company an “outperform” rating in a research note on Tuesday, August 7th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $83.71.

JEC stock traded down $0.82 during trading on Thursday, hitting $74.18. 1,761,622 shares of the company’s stock were exchanged, compared to its average volume of 1,357,873. The stock has a market cap of $10.53 billion, a price-to-earnings ratio of 22.90, a PEG ratio of 1.10 and a beta of 1.41. Jacobs Engineering Group has a 52-week low of $55.21 and a 52-week high of $82.24. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.39.

The business also recently declared a quarterly dividend, which was paid on Friday, October 26th. Shareholders of record on Friday, September 28th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.60 annualized dividend and a yield of 0.81%. Jacobs Engineering Group’s dividend payout ratio is currently 18.52%.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in Jacobs Engineering Group by 1.2% in the 3rd quarter. BlackRock Inc. now owns 8,379,897 shares of the construction company’s stock valued at $641,064,000 after acquiring an additional 103,039 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Jacobs Engineering Group by 2.9% during the second quarter. Wells Fargo & Company MN now owns 4,918,774 shares of the construction company’s stock worth $312,292,000 after purchasing an additional 139,022 shares during the period. FMR LLC lifted its holdings in shares of Jacobs Engineering Group by 3.6% during the third quarter. FMR LLC now owns 4,309,847 shares of the construction company’s stock worth $329,703,000 after purchasing an additional 151,132 shares during the period. CI Global Investments Inc. lifted its holdings in shares of Jacobs Engineering Group by 27.7% during the third quarter. CI Global Investments Inc. now owns 3,595,224 shares of the construction company’s stock worth $275,035,000 after purchasing an additional 779,327 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in shares of Jacobs Engineering Group by 354.8% during the third quarter. Alliancebernstein L.P. now owns 1,817,462 shares of the construction company’s stock worth $139,036,000 after purchasing an additional 1,417,879 shares during the period. 85.85% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Engineering Group Company Profile

Jacobs Engineering Group Inc provides technical, professional, and construction services. It offers project services that include engineering, architectural, interiors, design, planning, and related services, as well as planning, scheduling, procurement, estimating, cost engineering, project accounting and delivery, safety, and other support services.

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

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