Jacobs Engineering Group (NYSE:J) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Jacobs Engineering Group (NYSE:J) announced its quarterly earnings data on Tuesday. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.57 by $0.01, MarketWatch Earnings reports. The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.80 billion. Jacobs Engineering Group had a net margin of 3.68% and a return on equity of 13.75%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.63 EPS. Jacobs Engineering Group updated its FY 2022 guidance to $6.850-$7.450 EPS and its FY22 guidance to $6.85-7.45 EPS.

NYSE:J traded up $4.45 during trading hours on Thursday, hitting $148.45. 931,961 shares of the company traded hands, compared to its average volume of 590,293. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.50. The firm’s 50-day simple moving average is $138.14 and its 200-day simple moving average is $136.47. Jacobs Engineering Group has a one year low of $100.05 and a one year high of $149.55. The company has a market cap of $19.35 billion, a PE ratio of 42.54, a PEG ratio of 1.57 and a beta of 0.85.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 29th. Shareholders of record on Friday, October 15th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.57%. The ex-dividend date was Thursday, October 14th. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 24.07%.

In other news, CFO Kevin C. Berryman sold 73,685 shares of Jacobs Engineering Group stock in a transaction on Wednesday, November 17th. The stock was sold at an average price of $145.74, for a total transaction of $10,738,851.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Steven J. Demetriou sold 98,739 shares of Jacobs Engineering Group stock in a transaction on Wednesday, November 17th. The stock was sold at an average price of $145.76, for a total value of $14,392,196.64. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Several analysts have recently commented on the stock. Credit Suisse Group raised their price objective on shares of Jacobs Engineering Group from $156.00 to $162.00 and gave the stock an “outperform” rating in a research report on Wednesday. Citigroup raised their price objective on shares of Jacobs Engineering Group from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday. Robert W. Baird increased their target price on Jacobs Engineering Group from $145.00 to $161.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Raymond James initiated coverage on Jacobs Engineering Group in a report on Thursday, November 18th. They issued an “outperform” rating and a $170.00 target price on the stock. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Jacobs Engineering Group has an average rating of “Buy” and an average price target of $147.54.

Jacobs Engineering Group Company Profile

Jacobs Engineering Group, Inc engages in the provision of a diverse range of technical, professional, and construction services to industrial, commercial, and governmental clients. The firm operates through Critical Mission Solutions, and People and Places Solutions segments. The company was founded by Joseph J.

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Earnings History for Jacobs Engineering Group (NYSE:J)

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