Brokerages expect that Jacobs Engineering Group Inc (NYSE:JEC) will report earnings per share of $1.22 for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Jacobs Engineering Group’s earnings, with the highest EPS estimate coming in at $1.29 and the lowest estimate coming in at $1.17. Jacobs Engineering Group reported earnings per share of $0.78 during the same quarter last year, which suggests a positive year-over-year growth rate of 56.4%. The company is expected to announce its next quarterly earnings results on Wednesday, February 5th.
On average, analysts expect that Jacobs Engineering Group will report full-year earnings of $5.73 per share for the current fiscal year, with EPS estimates ranging from $5.55 to $6.65. For the next fiscal year, analysts anticipate that the business will post earnings of $6.40 per share, with EPS estimates ranging from $6.29 to $6.74. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Jacobs Engineering Group.
Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings data on Monday, November 25th. The construction company reported $1.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.16. Jacobs Engineering Group had a net margin of 6.66% and a return on equity of 11.42%. The firm had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same quarter in the prior year, the firm posted $1.31 earnings per share. Jacobs Engineering Group’s quarterly revenue was up 13.4% on a year-over-year basis.
Several analysts have recently weighed in on JEC shares. ValuEngine cut shares of Jacobs Engineering Group from a “hold” rating to a “sell” rating in a research note on Tuesday. Credit Suisse Group lifted their price target on shares of Jacobs Engineering Group from $100.00 to $104.00 and gave the company an “outperform” rating in a research report on Tuesday, November 26th. Zacks Investment Research raised shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Friday, August 16th. KeyCorp upped their price objective on Jacobs Engineering Group from $90.00 to $103.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, DA Davidson increased their price objective on Jacobs Engineering Group from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating and twelve have issued a buy rating to the stock. Jacobs Engineering Group currently has an average rating of “Buy” and an average price target of $91.14.
In other news, SVP Michael R. Tyler sold 3,564 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $94.86, for a total value of $338,081.04. Following the sale, the senior vice president now directly owns 21,852 shares of the company’s stock, valued at approximately $2,072,880.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.92% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of the stock. Mn Services Vermogensbeheer B.V. raised its position in Jacobs Engineering Group by 10.6% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 23,953 shares of the construction company’s stock valued at $2,021,000 after purchasing an additional 2,300 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in Jacobs Engineering Group during the second quarter worth $103,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Jacobs Engineering Group by 2.0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 548,952 shares of the construction company’s stock worth $46,326,000 after buying an additional 10,746 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Jacobs Engineering Group by 9.3% during the second quarter. Janney Montgomery Scott LLC now owns 14,165 shares of the construction company’s stock worth $1,195,000 after buying an additional 1,210 shares during the period. Finally, Investec Asset Management PTY Ltd boosted its position in shares of Jacobs Engineering Group by 12.4% during the second quarter. Investec Asset Management PTY Ltd now owns 20,622 shares of the construction company’s stock worth $1,730,000 after buying an additional 2,269 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.
JEC stock traded down $0.62 during trading on Friday, reaching $85.02. 1,950,363 shares of the stock were exchanged, compared to its average volume of 1,079,166. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $11.30 billion, a price-to-earnings ratio of 16.84, a P/E/G ratio of 1.42 and a beta of 1.35. The business has a 50 day moving average price of $93.28 and a 200-day moving average price of $86.88. Jacobs Engineering Group has a 1 year low of $55.17 and a 1 year high of $98.08.
About Jacobs Engineering Group
Jacobs Engineering Group Inc provides technical, professional, and construction services. The company's Aerospace, Technology, Environmental and Nuclear segment offers scientific, engineering, construction, nuclear, environmental, and technical support services to the aerospace, defense, technical, and automotive industries.
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