Wall Street analysts expect Jacobs Engineering Group Inc (NYSE:JEC) to post earnings per share (EPS) of $1.28 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Jacobs Engineering Group’s earnings. The lowest EPS estimate is $1.21 and the highest is $1.32. Jacobs Engineering Group reported earnings of $1.31 per share in the same quarter last year, which would indicate a negative year over year growth rate of 2.3%. The business is scheduled to announce its next quarterly earnings report before the market opens on Monday, November 25th.
On average, analysts expect that Jacobs Engineering Group will report full year earnings of $4.89 per share for the current fiscal year, with EPS estimates ranging from $4.79 to $5.03. For the next financial year, analysts forecast that the business will post earnings of $5.57 per share, with EPS estimates ranging from $5.46 to $5.80. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Jacobs Engineering Group.
A number of brokerages have weighed in on JEC. Zacks Investment Research upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a report on Friday, August 16th. ValuEngine downgraded Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. DA Davidson raised their target price on Jacobs Engineering Group to $95.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. KeyCorp raised their target price on Jacobs Engineering Group from $90.00 to $103.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Cowen restated a “buy” rating and issued a $92.00 target price on shares of Jacobs Engineering Group in a research note on Tuesday, August 20th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $88.89.
Several institutional investors and hedge funds have recently modified their holdings of JEC. Arcadia Investment Management Corp MI bought a new position in Jacobs Engineering Group in the 2nd quarter valued at about $25,000. Hanson & Doremus Investment Management bought a new position in Jacobs Engineering Group in the 2nd quarter valued at about $26,000. Johnson Financial Group Inc. bought a new position in Jacobs Engineering Group in the 2nd quarter valued at about $34,000. Signaturefd LLC lifted its position in Jacobs Engineering Group by 68.2% in the 3rd quarter. Signaturefd LLC now owns 439 shares of the construction company’s stock valued at $40,000 after acquiring an additional 178 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in Jacobs Engineering Group by 62.8% in the 3rd quarter. Parallel Advisors LLC now owns 508 shares of the construction company’s stock valued at $46,000 after acquiring an additional 196 shares in the last quarter. Institutional investors own 90.70% of the company’s stock.
Jacobs Engineering Group stock traded down $0.17 during trading hours on Thursday, reaching $94.33. 758,586 shares of the company’s stock were exchanged, compared to its average volume of 782,654. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.17. The firm’s 50 day simple moving average is $92.76 and its 200 day simple moving average is $85.43. Jacobs Engineering Group has a twelve month low of $55.17 and a twelve month high of $98.08. The firm has a market capitalization of $12.80 billion, a PE ratio of 21.10, a PEG ratio of 1.54 and a beta of 1.36.
The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 4th were paid a $0.17 dividend. The ex-dividend date was Thursday, October 3rd. This represents a $0.68 annualized dividend and a dividend yield of 0.72%. Jacobs Engineering Group’s dividend payout ratio is presently 15.21%.
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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