Jacobs Engineering (JEC) Issues FY13 Earnings Guidance
Jacobs Engineering (JEC) updated its FY13 earnings guidance on Thursday. The company provided earnings per share guidance of $3.00-3.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.31.
Several analysts have also recently commented on the stock. Analysts at Barclays Capital reiterated an equalweight rating on shares of Jacobs Engineering in a research note to investors on Wednesday. They now have a $55.00 price target on the stock, up previously from $54.00. On a related note, analysts at TheStreet upgraded shares of Jacobs Engineering to a buy rating in a research note to investors on Wednesday, December 19th. Finally, analysts at Zacks reiterated a neutral rating on shares of Jacobs Engineering in a research note to investors on Tuesday, November 27th. They now have a $43.00 price target on the stock.
Seven research analysts have rated the stock with a buy rating, four have assigned an overweight rating, and eight have given a hold rating to the company’s stock. Jacobs Engineering presently has an average rating of overweight and a consensus target price of $51.00.
Jacobs Engineering (JEC) traded up 0.91% on Thursday, hitting $46.76. Jacobs Engineering (JEC) has a 52-week low of $33.61 and a 52-week high of $48.17. The stock’s 50-day moving average is currently $43.5. The company has a market cap of $6.082 billion and a price-to-earnings ratio of 15.76.
Jacobs Engineering Group Inc. is a technical professional services firm in the United States. It provides a range of technical, professional, and construction services to industrial, commercial, and governmental clients globally.
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