Somewhat Positive Press Coverage Somewhat Unlikely to Impact Jacobs Engineering Group (JEC) Share Price
Headlines about Jacobs Engineering Group (NYSE:JEC) have trended somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Jacobs Engineering Group earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned press coverage about the construction company an impact score of 47.7448635294358 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news stories that may have effected Accern’s scoring:
- FY2017 EPS Estimates for Jacobs Engineering Group Inc. Reduced by Jefferies Group (JEC) (americanbankingnews.com)
- Tüpraş Selects Jacobs EUROCLAUS® Technology for Three Refineries (finance.yahoo.com)
- Jacobs Engineering Group Inc. (JEC) Upgraded to Hold by Zacks Investment Research (americanbankingnews.com)
- KeyCorp Comments on Jacobs Engineering Group Inc.’s Q4 2017 Earnings (NYSE:JEC) (americanbankingnews.com)
- Q4 2017 Earnings Forecast for Jacobs Engineering Group Inc. Issued By Jefferies Group (NYSE:JEC) (americanbankingnews.com)
A number of equities research analysts recently issued reports on JEC shares. Zacks Investment Research raised Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research note on Thursday. Citadel Securities lowered Jacobs Engineering Group from a “buy” rating to a “neutral” rating and raised their price target for the stock from $62.00 to $66.00 in a research note on Tuesday. Jefferies Group LLC reissued a “hold” rating and set a $61.00 price target on shares of Jacobs Engineering Group in a research note on Friday, August 4th. Citigroup Inc. lowered 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. Finally, BidaskClub lowered Jacobs Engineering Group from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $61.64.
Shares of Jacobs Engineering Group (NYSE:JEC) traded down 0.19% during midday trading on Friday, reaching $52.58. The company’s stock had a trading volume of 1,007,287 shares. The company has a market capitalization of $6.33 billion, a P/E ratio of 27.97 and a beta of 1.52. The stock’s 50-day moving average is $53.51 and its 200-day moving average is $54.82. Jacobs Engineering Group has a one year low of $49.15 and a one year high of $63.42.
Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.79 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.79. Jacobs Engineering Group had a return on equity of 8.67% and a net margin of 2.29%. The company had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the firm earned $0.78 earnings per share. Jacobs Engineering Group’s quarterly revenue was down 6.6% on a year-over-year basis. On average, equities analysts expect that Jacobs Engineering Group will post $3.13 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 4th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, August 2nd. Jacobs Engineering Group’s dividend payout ratio is presently 31.75%.
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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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