Zacks: Brokerages Expect Jacobs Engineering Group Inc (JEC) Will Announce Quarterly Sales of $3.52 Billion
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.
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.
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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.
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