Jacobs Engineering Group’s (JEC) Hold Rating Reaffirmed at DA Davidson
DA Davidson restated their hold rating on shares of Jacobs Engineering Group Inc. (NYSE:JEC) in a research report sent to investors on Wednesday morning. The firm currently has a $68.00 target price on the construction company’s stock. DA Davidson also issued estimates for Jacobs Engineering Group’s Q1 2018 earnings at $0.64 EPS, Q2 2018 earnings at $0.81 EPS, Q3 2018 earnings at $1.08 EPS, Q4 2018 earnings at $1.13 EPS and FY2019 earnings at $3.90 EPS. The analysts noted that the move was a valuation call.
A number of other brokerages have also recently commented on JEC. Citigroup Inc. cut Jacobs Engineering Group from a buy rating to a neutral rating and set a $62.00 price target for the company. in a research note on Thursday, August 3rd. BidaskClub upgraded Jacobs Engineering Group from a strong sell rating to a sell rating in a research note on Friday, August 25th. KeyCorp reiterated a buy rating and issued a $60.00 price target on shares of Jacobs Engineering Group in a research note on Friday, August 25th. Robert W. Baird reiterated a hold rating and issued a $63.00 price target on shares of Jacobs Engineering Group in a research note on Friday, October 6th. Finally, Zacks Investment Research upgraded Jacobs Engineering Group from a sell rating to a hold rating in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $64.89.
Jacobs Engineering Group (NYSE JEC) traded down $0.08 during midday trading on Wednesday, reaching $64.78. The company’s stock had a trading volume of 864,600 shares, compared to its average volume of 816,945. The company has a quick ratio of 1.60, a current ratio of 1.56 and a debt-to-equity ratio of 0.05. Jacobs Engineering Group has a 12-month low of $49.31 and a 12-month high of $65.80. The company has a market capitalization of $7,813.43, a PE ratio of 20.08, a PEG ratio of 1.51 and a beta of 1.51.
Jacobs Engineering Group (NYSE:JEC) last released its earnings results 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 firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.58 billion. During the same period in the prior year, the company earned $0.77 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. equities research analysts expect that Jacobs Engineering Group will post 3.46 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Friday, October 13th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $0.60 dividend on an annualized basis and a yield of 0.93%. Jacobs Engineering Group’s payout ratio is 24.69%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP increased its holdings in Jacobs Engineering Group by 240.6% in the third quarter. GSA Capital Partners LLP now owns 14,082 shares of the construction company’s stock valued at $821,000 after purchasing an additional 9,948 shares during the period. Hahn Capital Management LLC increased its holdings in Jacobs Engineering Group by 1.0% in the third quarter. Hahn Capital Management LLC now owns 668,319 shares of the construction company’s stock valued at $38,943,000 after purchasing an additional 6,434 shares during the period. IFM Investors Pty Ltd acquired a new stake in Jacobs Engineering Group in the third quarter valued at $240,000. Security National Bank of Sioux City Iowa IA increased its holdings in Jacobs Engineering Group by 4.7% in the third quarter. Security National Bank of Sioux City Iowa IA now owns 35,120 shares of the construction company’s stock valued at $2,046,000 after purchasing an additional 1,580 shares during the period. Finally, Neuberger Berman Group LLC increased its holdings in Jacobs Engineering Group by 43.3% in the third quarter. Neuberger Berman Group LLC now owns 520,084 shares of the construction company’s stock valued at $30,305,000 after purchasing an additional 157,242 shares during the period. Institutional investors and hedge funds own 85.16% of the company’s stock.
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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