Jacobs Engineering Group Inc. (JEC) Expected to Announce Earnings of $0.78 Per Share

Wall Street analysts expect Jacobs Engineering Group Inc. (NYSE:JEC) to report $0.78 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have issued estimates for Jacobs Engineering Group’s earnings. The lowest EPS estimate is $0.76 and the highest is $0.80. Jacobs Engineering Group also reported earnings of $0.78 per share in the same quarter last year. The business is expected to report its next quarterly earnings results on Tuesday, August 8th.

According to Zacks, analysts expect that Jacobs Engineering Group will report full-year earnings of $3.11 per share for the current financial year, with EPS estimates ranging from $3.06 to $3.15. For the next fiscal year, analysts expect that the firm will report earnings of $3.45 per share, with EPS estimates ranging from $3.25 to $3.66. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Jacobs Engineering Group.

Jacobs Engineering Group (NYSE:JEC) last posted its earnings results on Tuesday, May 9th. The construction company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.07. Jacobs Engineering Group had a net margin of 2.05% and a return on equity of 8.56%. The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.63 billion. During the same period in the previous year, the business posted $0.75 EPS. The business’s revenue was down 17.2% compared to the same quarter last year.

JEC has been the subject of a number of recent analyst reports. Robert W. Baird reissued a “neutral” rating and issued a $64.00 target price (up previously from $62.00) on shares of Jacobs Engineering Group in a report on Friday, May 12th. BidaskClub raised Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Zacks Investment Research raised Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a report on Tuesday, April 11th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $69.00 target price on shares of Jacobs Engineering Group in a report on Friday, April 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $61.11.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new position in Jacobs Engineering Group during the fourth quarter valued at about $21,147,000. Allianz Asset Management AG purchased a new position in Jacobs Engineering Group during the fourth quarter valued at about $220,000. Credit Agricole S A increased its position in Jacobs Engineering Group by 19.3% in the fourth quarter. Credit Agricole S A now owns 90,313 shares of the construction company’s stock valued at $5,148,000 after buying an additional 14,612 shares during the period. Gideon Capital Advisors Inc. purchased a new position in Jacobs Engineering Group during the fourth quarter valued at about $273,000. Finally, Asset Management One Co. Ltd. increased its position in Jacobs Engineering Group by 1,640.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 205,415 shares of the construction company’s stock valued at $11,713,000 after buying an additional 193,614 shares during the period. 86.70% of the stock is owned by institutional investors and hedge funds.

Jacobs Engineering Group (JEC) traded up 0.28% during trading on Wednesday, hitting $52.81. 837,041 shares of the company traded hands. Jacobs Engineering Group has a 52-week low of $47.14 and a 52-week high of $63.42. The company’s 50-day moving average is $53.52 and its 200 day moving average is $56.11. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of 30.70 and a beta of 1.55.

The company also recently declared a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Friday, May 19th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Wednesday, May 17th. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 34.88%.

Jacobs Engineering Group Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “JEC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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