Brokerages forecast that Jacobs Engineering Group Inc (NYSE:JEC) will announce sales of $3.52 billion for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Jacobs Engineering Group’s earnings, with estimates ranging from $3.41 billion to $3.61 billion. Jacobs Engineering Group reported sales of $2.30 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 53%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, May 8th.

According to Zacks, analysts expect that Jacobs Engineering Group will report full year sales of $14.26 billion for the current financial year, with estimates ranging from $13.92 billion to $15.08 billion. For the next fiscal year, analysts forecast that the company will post sales of $16.05 billion per share, with estimates ranging from $15.50 billion to $17.09 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Jacobs Engineering Group.

Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings data on Wednesday, February 7th. The construction company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.10. The firm had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Jacobs Engineering Group had a return on equity of 8.59% and a net margin of 2.30%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 EPS.

A number of research firms have recently weighed in on JEC. UBS raised Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Monday, January 29th. Barclays raised their price objective on Jacobs Engineering Group from $75.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Goldman Sachs upgraded Jacobs Engineering Group from a “sell” rating to a “neutral” rating in a research note on Tuesday, January 30th. Credit Suisse Group restated an “outperform” rating and issued a $82.00 target price on shares of Jacobs Engineering Group in a research note on Thursday, January 18th. Finally, Zacks Investment Research upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research note on Monday, January 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $74.62.

Shares of Jacobs Engineering Group stock traded down $0.50 during trading on Friday, reaching $60.00. The company’s stock had a trading volume of 770,718 shares, compared to its average volume of 1,130,931. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a market capitalization of $8,571.12, a price-to-earnings ratio of 18.52, a PEG ratio of 1.13 and a beta of 1.47. Jacobs Engineering Group has a 1-year low of $49.31 and a 1-year high of $72.18.

A number of hedge funds have recently modified their holdings of JEC. Bank of Montreal Can raised its stake in shares of Jacobs Engineering Group by 40.5% during the 4th quarter. Bank of Montreal Can now owns 158,040 shares of the construction company’s stock valued at $10,424,000 after buying an additional 45,548 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Jacobs Engineering Group by 53.1% during the 4th quarter. Deutsche Bank AG now owns 515,634 shares of the construction company’s stock valued at $34,008,000 after buying an additional 178,806 shares during the last quarter. Deane Retirement Strategies Inc. purchased a new position in shares of Jacobs Engineering Group during the 4th quarter valued at about $1,832,000. First American Trust FSB purchased a new position in shares of Jacobs Engineering Group during the 4th quarter valued at about $1,613,000. Finally, BP PLC purchased a new position in shares of Jacobs Engineering Group during the 4th quarter valued at about $923,000. Institutional investors own 82.24% of the company’s stock.

TRADEMARK VIOLATION WARNING: This news story was published by Watch List News and is owned by of Watch List News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The legal version of this news story can be accessed at https://www.watchlistnews.com/zacks-brokerages-expect-jacobs-engineering-group-inc-jec-will-announce-quarterly-sales-of-3-52-billion/2046068.html.

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.

Get a free copy of the Zacks research report on Jacobs Engineering Group (JEC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Jacobs Engineering Group (NYSE:JEC)

Receive News & Ratings for Jacobs Engineering Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jacobs Engineering Group and related companies with MarketBeat.com's FREE daily email newsletter.