Jacobs Engineering Group (JEC) Issues Earnings Results, Beats Expectations By $0.10 EPS
Jacobs Engineering Group (NYSE:JEC) announced its quarterly earnings results on Wednesday. The construction company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.10, Bloomberg Earnings reports. Jacobs Engineering Group had a net margin of 2.93% and a return on equity of 9.18%. The firm had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the prior year, the company earned $0.68 EPS. The firm’s revenue was up 7.8% on a year-over-year basis.
Jacobs Engineering Group (JEC) opened at $64.14 on Wednesday. Jacobs Engineering Group has a 1-year low of $49.31 and a 1-year high of $72.18. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market cap of $9,120.00, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 1.27 and a beta of 1.48.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 16th will be issued a $0.15 dividend. The ex-dividend date is Thursday, February 15th. This represents a $0.60 dividend on an annualized basis and a yield of 0.94%. Jacobs Engineering Group’s dividend payout ratio is currently 24.79%.
A number of hedge funds have recently modified their holdings of the business. Cerebellum GP LLC acquired a new stake in shares of Jacobs Engineering Group in the 4th quarter valued at about $127,000. Whittier Trust Co. raised its stake in shares of Jacobs Engineering Group by 141.2% in the 3rd quarter. Whittier Trust Co. now owns 2,050 shares of the construction company’s stock valued at $119,000 after purchasing an additional 1,200 shares in the last quarter. Advisor Group Inc. raised its stake in shares of Jacobs Engineering Group by 18.8% in the 2nd quarter. Advisor Group Inc. now owns 2,140 shares of the construction company’s stock valued at $117,000 after purchasing an additional 339 shares in the last quarter. Jarislowsky Fraser Ltd acquired a new stake in shares of Jacobs Engineering Group in the 3rd quarter valued at about $186,000. Finally, Cadence Capital Management LLC acquired a new stake in shares of Jacobs Engineering Group in the 4th quarter valued at about $215,000. Hedge funds and other institutional investors own 71.79% of the company’s stock.
A number of analysts recently weighed in on JEC shares. Zacks Investment Research raised shares of Jacobs Engineering Group from a “hold” rating to a “strong-buy” rating and set a $67.00 price target for the company in a research report on Tuesday, October 17th. Citigroup set a $64.00 price target on shares of Jacobs Engineering Group and gave the stock a “hold” rating in a research report on Friday, October 27th. ValuEngine cut shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. DA Davidson reaffirmed a “hold” rating and set a $68.00 price target on shares of Jacobs Engineering Group in a research report on Wednesday, November 22nd. They noted that the move was a valuation call. Finally, KeyCorp upped their price target on shares of Jacobs Engineering Group from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $73.00.
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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.
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