Jacobs Engineering Group (NYSE:J) Updates FY22 Earnings Guidance

Jacobs Engineering Group (NYSE:J) updated its FY22 earnings guidance on Tuesday. The company provided earnings per share guidance of $6.85-7.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.05. Jacobs Engineering Group also updated its FY 2022 guidance to $6.850-$7.450 EPS.

Several brokerages recently weighed in on J. Robert W. Baird increased their price objective on shares of Jacobs Engineering Group from $145.00 to $161.00 and gave the company a neutral rating in a report on Wednesday. Citigroup increased their price objective on shares of Jacobs Engineering Group from $165.00 to $170.00 and gave the company a buy rating in a report on Wednesday. Raymond James began coverage on shares of Jacobs Engineering Group in a report on Thursday, November 18th. They issued an outperform rating and a $170.00 price objective on the stock. Finally, Credit Suisse Group increased their price objective on shares of Jacobs Engineering Group from $156.00 to $162.00 and gave the company an outperform rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Jacobs Engineering Group currently has a consensus rating of Buy and a consensus target price of $147.54.

Shares of J stock traded up $4.45 during trading hours on Thursday, hitting $148.45. 931,961 shares of the company were exchanged, compared to its average volume of 590,293. The business has a 50 day moving average of $138.14 and a two-hundred day moving average of $136.47. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.50. Jacobs Engineering Group has a 52 week low of $100.05 and a 52 week high of $149.55. The company has a market capitalization of $19.35 billion, a PE ratio of 42.54, a PEG ratio of 1.57 and a beta of 0.85.

Jacobs Engineering Group (NYSE:J) last issued its quarterly earnings data on Tuesday, November 23rd. The company reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.01. Jacobs Engineering Group had a net margin of 3.68% and a return on equity of 13.75%. The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the prior year, the firm earned $1.63 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. On average, research analysts forecast that Jacobs Engineering Group will post 6.24 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 29th. Stockholders of record on Friday, October 15th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Thursday, October 14th. Jacobs Engineering Group’s dividend payout ratio is 24.07%.

In related news, CFO Kevin C. Berryman sold 73,685 shares of the firm’s stock in a transaction on Wednesday, November 17th. The shares were sold at an average price of $145.74, for a total value of $10,738,851.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Steven J. Demetriou sold 98,739 shares of the firm’s stock in a transaction on Wednesday, November 17th. The shares were sold at an average price of $145.76, for a total transaction of $14,392,196.64. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

About Jacobs Engineering Group

Jacobs Engineering Group, Inc engages in the provision of a diverse range of technical, professional, and construction services to industrial, commercial, and governmental clients. The firm operates through Critical Mission Solutions, and People and Places Solutions segments. The company was founded by Joseph J.

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

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