Jacobs Engineering Group Inc (NYSE:JEC) SVP Michael R. Tyler sold 873 shares of the firm’s stock in a transaction on Friday, January 4th. The shares were sold at an average price of $58.37, for a total value of $50,957.01. Following the transaction, the senior vice president now directly owns 28,935 shares of the company’s stock, valued at approximately $1,688,935.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
JEC opened at $60.75 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $8.56 billion, a PE ratio of 13.59, a P/E/G ratio of 1.20 and a beta of 1.35. Jacobs Engineering Group Inc has a 1 year low of $55.17 and a 1 year high of $82.24.
Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings results on Tuesday, November 20th. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.07. The firm had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.27 billion. Jacobs Engineering Group had a return on equity of 10.40% and a net margin of 1.19%. Jacobs Engineering Group’s quarterly revenue was up 56.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 EPS. Sell-side analysts forecast that Jacobs Engineering Group Inc will post 5.21 earnings per share for the current fiscal year.
Several brokerages have commented on JEC. Seaport Global Securities began coverage on Jacobs Engineering Group in a research report on Thursday, November 15th. They set a “buy” rating and a $91.00 price objective for the company. ValuEngine raised Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research report on Wednesday, September 19th. Barclays reissued a “buy” rating and set a $83.00 price objective on shares of Jacobs Engineering Group in a research report on Thursday, October 18th. Robert W. Baird reissued a “buy” rating and set a $73.00 price objective on shares of Jacobs Engineering Group in a research report on Monday. Finally, Citigroup raised Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $95.00 price objective for the company in a research report on Monday, October 22nd. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $83.38.
Jacobs Engineering Group Company Profile
Jacobs Engineering Group Inc provides technical, professional, and construction services. The company's Aerospace, Technology, Environmental and Nuclear segment offers scientific, engineering, construction, nuclear, environmental, and technical support services to the aerospace, defense, technical, and automotive industries.
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