Analysts expect that Jacobs Engineering Group Inc. (NYSE:J) will report earnings per share of $1.36 for the current quarter, according to Zacks. Three analysts have made estimates for Jacobs Engineering Group’s earnings, with the highest EPS estimate coming in at $1.44 and the lowest estimate coming in at $1.26. Jacobs Engineering Group posted earnings per share of $1.39 in the same quarter last year, which would indicate a negative year-over-year growth rate of 2.2%. The business is scheduled to announce its next earnings results before the market opens on Wednesday, May 5th.
On average, analysts expect that Jacobs Engineering Group will report full-year earnings of $5.76 per share for the current year, with EPS estimates ranging from $5.63 to $6.00. For the next financial year, analysts expect that the firm will post earnings of $6.49 per share, with EPS estimates ranging from $6.29 to $7.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Jacobs Engineering Group.
Jacobs Engineering Group (NYSE:J) last announced its quarterly earnings results on Monday, February 8th. The company reported $1.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.16. Jacobs Engineering Group had a net margin of 3.63% and a return on equity of 12.43%. The firm had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the previous year, the firm posted $1.20 earnings per share. The business’s revenue was up .6% on a year-over-year basis.
J has been the topic of a number of recent research reports. Benchmark lifted their price target on Jacobs Engineering Group from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, March 11th. Robert W. Baird cut Jacobs Engineering Group from an “outperform” rating to a “neutral” rating and set a $118.00 price target for the company. in a research note on Tuesday, January 5th. Credit Suisse Group lifted their price objective on Jacobs Engineering Group from $131.00 to $134.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 10th. Finally, Barclays increased their target price on shares of Jacobs Engineering Group from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, January 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $116.38.
In related news, SVP Michael R. Tyler sold 4,125 shares of Jacobs Engineering Group stock in a transaction that occurred on Wednesday, March 10th. The shares were sold at an average price of $122.11, for a total value of $503,703.75. Following the completion of the transaction, the senior vice president now directly owns 26,879 shares in the company, valued at approximately $3,282,194.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.00% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Acropolis Investment Management LLC lifted its stake in Jacobs Engineering Group by 5.1% in the 1st quarter. Acropolis Investment Management LLC now owns 3,089 shares of the company’s stock worth $399,000 after purchasing an additional 150 shares in the last quarter. Coastal Investment Advisors Inc. raised its position in shares of Jacobs Engineering Group by 1.3% in the first quarter. Coastal Investment Advisors Inc. now owns 9,543 shares of the company’s stock worth $1,234,000 after buying an additional 118 shares in the last quarter. North American Management Corp bought a new stake in Jacobs Engineering Group during the first quarter valued at $248,000. Fulton Breakefield Broenniman LLC bought a new stake in Jacobs Engineering Group during the first quarter valued at $441,000. Finally, Hexavest Inc. grew its position in Jacobs Engineering Group by 5.9% during the first quarter. Hexavest Inc. now owns 60,613 shares of the company’s stock worth $7,835,000 after buying an additional 3,400 shares in the last quarter. 86.97% of the stock is owned by institutional investors and hedge funds.
J traded down $0.70 during trading hours on Monday, hitting $134.41. 22,562 shares of the company’s stock were exchanged, compared to its average volume of 650,169. The stock’s 50-day moving average is $122.44 and its two-hundred day moving average is $108.81. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.29. Jacobs Engineering Group has a 1-year low of $69.17 and a 1-year high of $135.17. The stock has a market cap of $17.48 billion, a price-to-earnings ratio of 36.23, a PEG ratio of 1.76 and a beta of 0.90.
The company also recently declared a quarterly dividend, which was paid on Friday, March 26th. Investors of record on Friday, February 26th were given a dividend of $0.21 per share. This is a positive change from Jacobs Engineering Group’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend was Thursday, February 25th. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 15.33%.
Jacobs Engineering Group Company Profile
Jacobs Engineering Group Inc provides consulting, technical, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, rest of Asia, Australia, New Zealand, South America, Mexico, the Middle East, and Africa. The company operates in two segments, Critical Mission Solutions and People & Places Solutions.
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