Analysts Anticipate Jacobs Engineering Group Inc (JEC) to Announce $0.78 EPS
Equities research analysts expect Jacobs Engineering Group Inc (NYSE:JEC) to announce earnings of $0.78 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Jacobs Engineering Group’s earnings. The highest EPS estimate is $0.83 and the lowest is $0.70. Jacobs Engineering Group reported earnings of $0.68 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 14.7%. The business is expected to announce its next quarterly earnings report on Wednesday, February 14th.
According to Zacks, analysts expect that Jacobs Engineering Group will report full-year earnings of $3.44 per share for the current year, with EPS estimates ranging from $3.33 to $3.50. For the next financial year, analysts forecast that the firm will post earnings of $3.82 per share, with EPS estimates ranging from $3.59 to $4.05. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Jacobs Engineering Group.
Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings data on Tuesday, November 21st. The construction company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.16. Jacobs Engineering Group had a return on equity of 9.18% and a net margin of 2.93%. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same quarter last year, the firm posted $0.77 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis.
A number of research analysts have weighed in on the company. BidaskClub lowered Jacobs Engineering Group from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. MKM Partners set a $61.00 target price on Jacobs Engineering Group and gave the company a “neutral” rating in a report on Tuesday, November 28th. Barclays assumed coverage on Jacobs Engineering Group in a report on Tuesday. They set an “overweight” rating and a $75.00 target price for the company. Robert W. Baird reaffirmed a “hold” rating and set a $63.00 target price on shares of Jacobs Engineering Group in a report on Friday, October 6th. Finally, KeyCorp reaffirmed a “buy” rating and set a $60.00 target price on shares of Jacobs Engineering Group in a report on Friday, August 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $68.20.
Jacobs Engineering Group (NYSE:JEC) opened at $66.13 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $8,214.74, a PE ratio of 21.10, a price-to-earnings-growth ratio of 1.48 and a beta of 1.56. Jacobs Engineering Group has a twelve month low of $49.31 and a twelve month high of $69.35.
In other news, Director Joseph R. Bronson sold 6,125 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $63.01, for a total transaction of $385,936.25. Following the completion of the transaction, the director now owns 30,496 shares of the company’s stock, valued at $1,921,552.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.74% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Parametric Portfolio Associates LLC grew its holdings in shares of Jacobs Engineering Group by 10.0% during the third quarter. Parametric Portfolio Associates LLC now owns 289,812 shares of the construction company’s stock worth $16,887,000 after purchasing an additional 26,303 shares in the last quarter. Burgundy Asset Management Ltd. lifted its position in Jacobs Engineering Group by 3.4% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 321,101 shares of the construction company’s stock worth $18,711,000 after buying an additional 10,512 shares during the last quarter. GSA Capital Partners LLP lifted its position in Jacobs Engineering Group by 240.6% in the 3rd quarter. GSA Capital Partners LLP now owns 14,082 shares of the construction company’s stock worth $821,000 after buying an additional 9,948 shares during the last quarter. Hahn Capital Management LLC lifted its position in Jacobs Engineering Group by 1.0% in the 3rd quarter. Hahn Capital Management LLC now owns 668,319 shares of the construction company’s stock worth $38,943,000 after buying an additional 6,434 shares during the last quarter. Finally, IFM Investors Pty Ltd bought a new stake in Jacobs Engineering Group in the 3rd quarter worth approximately $240,000. 85.14% of the stock is owned by institutional investors.
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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