Jacobs Engineering Group Inc. (NYSE:JEC) – Investment analysts at DA Davidson dropped their Q2 2017 EPS estimates for Jacobs Engineering Group in a report released on Wednesday. DA Davidson analyst J. Rogers now expects that the firm will earn $0.79 per share for the quarter, down from their prior estimate of $0.80. DA Davidson currently has a “Neutral” rating and a $62.00 price target on the stock. DA Davidson also issued estimates for Jacobs Engineering Group’s Q3 2017 earnings at $0.87 EPS, Q4 2017 earnings at $0.90 EPS, FY2017 earnings at $3.15 EPS and FY2018 earnings at $3.65 EPS.

Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings results on Tuesday, November 22nd. The company reported $0.77 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.77. The company earned $2.64 billion during the quarter, compared to the consensus estimate of $2.78 billion. Jacobs Engineering Group had a return on equity of 8.48% and a net margin of 1.92%. The firm’s revenue was down 15.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.80 EPS.

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

Several other research analysts have also issued reports on JEC. Deutsche Bank AG raised their price target on Jacobs Engineering Group from $53.00 to $54.00 and gave the stock a “hold” rating in a research report on Wednesday, August 10th. Jefferies Group reiterated a “buy” rating and set a $54.00 target price on shares of Jacobs Engineering Group in a report on Wednesday, August 10th. Johnson Rice lowered Jacobs Engineering Group from an “accumulate” rating to a “hold” rating in a report on Thursday, August 11th. Zacks Investment Research lowered Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Finally, FBR & Co lifted their target price on Jacobs Engineering Group from $47.00 to $55.00 and gave the stock a “mkt perform” rating in a report on Friday, August 12th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $51.41.

Shares of Jacobs Engineering Group (NYSE:JEC) opened at 61.72 on Monday. The company has a market cap of $7.45 billion, a P/E ratio of 35.68 and a beta of 1.61. Jacobs Engineering Group has a 1-year low of $34.76 and a 1-year high of $62.62. The stock’s 50 day moving average price is $53.57 and its 200 day moving average price is $52.22.

Institutional investors have recently made changes to their positions in the company. Integrated Investment Consultants LLC increased its position in shares of Jacobs Engineering Group by 2.1% in the second quarter. Integrated Investment Consultants LLC now owns 2,048 shares of the company’s stock worth $102,000 after buying an additional 42 shares during the period. Suntrust Banks Inc. increased its position in shares of Jacobs Engineering Group by 0.3% in the second quarter. Suntrust Banks Inc. now owns 19,544 shares of the company’s stock worth $972,000 after buying an additional 63 shares during the period. LPL Financial LLC increased its position in shares of Jacobs Engineering Group by 0.3% in the first quarter. LPL Financial LLC now owns 25,460 shares of the company’s stock worth $1,080,000 after buying an additional 64 shares during the period. Parametrica Management Ltd increased its position in shares of Jacobs Engineering Group by 1.5% in the third quarter. Parametrica Management Ltd now owns 4,361 shares of the company’s stock worth $226,000 after buying an additional 64 shares during the period. Finally, World Asset Management Inc increased its position in shares of Jacobs Engineering Group by 0.6% in the second quarter. World Asset Management Inc now owns 11,383 shares of the company’s stock worth $567,000 after buying an additional 71 shares during the period. 86.63% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: “DA Davidson Analysts Reduce Earnings Estimates for Jacobs Engineering Group Inc. (JEC)” was first reported by Daily Political and is owned by of Daily Political. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of international copyright and trademark laws. The original version of this piece can be viewed at http://www.dailypolitical.com/2016/11/30/da-davidson-analysts-reduce-earnings-estimates-for-jacobs-engineering-group-inc-jec.html.

In other Jacobs Engineering Group news, Director Noel G. Watson sold 66,668 shares of the business’s stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $51.71, for a total transaction of $3,447,402.28. Following the transaction, the director now owns 736,669 shares of the company’s stock, valued at $38,093,153.99. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 3.16% of the company’s stock.

Jacobs Engineering Group Company Profile

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.

5 Day Chart for NYSE:JEC

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