Jacobs Engineering Group Inc. (NYSE:JEC) declared a quarterly dividend on Wednesday, September 27th, RTT News reports. Shareholders of record on Friday, October 13th will be given a dividend of 0.15 per share by the construction company on Friday, November 10th. This represents a $0.60 annualized dividend and a yield of 1.02%. The ex-dividend date is Thursday, October 12th.

Jacobs Engineering Group has a dividend payout ratio of 19.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Jacobs Engineering Group to earn $3.41 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 17.6%.

Shares of Jacobs Engineering Group (NYSE JEC) opened at 58.96 on Friday. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of 31.36 and a beta of 1.53. Jacobs Engineering Group has a 1-year low of $49.16 and a 1-year high of $63.42. The stock has a 50 day moving average price of $55.47 and a 200 day moving average price of $54.12.

Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.79 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.79. Jacobs Engineering Group had a net margin of 2.29% and a return on equity of 8.67%. The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the business earned $0.78 earnings per share. The firm’s quarterly revenue was down 6.6% on a year-over-year basis. Analysts forecast that Jacobs Engineering Group will post $3.13 earnings per share for the current year.

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A number of equities research analysts have recently weighed in on the stock. Robert W. Baird reiterated a “hold” rating and issued a $63.00 price target on shares of Jacobs Engineering Group in a research report on Friday. BidaskClub upgraded shares of Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Zacks Investment Research upgraded shares of Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Citigroup Inc. downgraded shares of Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 price target for the company. in a research report on Thursday, August 3rd. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $61.00 price target on shares of Jacobs Engineering Group in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $61.75.

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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