Jacobs Engineering Group Inc. (NYSE:JEC) issued its quarterly earnings results on Tuesday. The construction company reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79, Bloomberg Earnings reports. Jacobs Engineering Group had a return on equity of 8.56% and a net margin of 2.05%. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the firm posted $0.78 earnings per share. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. Jacobs Engineering Group updated its FY17 guidance to $3.00-3.15 EPS.

Jacobs Engineering Group (NYSE JEC) traded down 0.31% during trading on Wednesday, reaching $53.95. The company’s stock had a trading volume of 107,713 shares. The firm has a 50 day moving average price of $53.53 and a 200-day moving average price of $54.97. The stock has a market cap of $6.50 billion, a price-to-earnings ratio of 31.37 and a beta of 1.52. Jacobs Engineering Group has a 52-week low of $49.15 and a 52-week high of $63.42.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 4th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.11%. The ex-dividend date is Wednesday, August 2nd. Jacobs Engineering Group’s payout ratio is 34.88%.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Global X Management Co. LLC increased its position in shares of Jacobs Engineering Group by 204.2% in the first quarter. Global X Management Co. LLC now owns 2,032 shares of the construction company’s stock valued at $112,000 after buying an additional 1,364 shares during the last quarter. First Manhattan Co. increased its position in shares of Jacobs Engineering Group by 1,013.6% in the second quarter. First Manhattan Co. now owns 2,383 shares of the construction company’s stock valued at $129,000 after buying an additional 2,169 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Jacobs Engineering Group during the first quarter valued at approximately $160,000. Invictus RG bought a new position in shares of Jacobs Engineering Group during the first quarter valued at approximately $178,000. Finally, Mn Services Vermogensbeheer B.V. increased its position in shares of Jacobs Engineering Group by 5.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,226 shares of the construction company’s stock valued at $167,000 after buying an additional 158 shares during the last quarter. 87.41% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on JEC. BidaskClub raised Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Zacks Investment Research raised Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research note on Tuesday, April 11th. Robert W. Baird reaffirmed a “neutral” rating and set a $64.00 price target (up previously from $62.00) on shares of Jacobs Engineering Group in a research note on Friday, May 12th. Citadel Securities lowered Jacobs Engineering Group from a “buy” rating to a “neutral” rating and upped their price target for the company from $62.00 to $66.00 in a research note on Tuesday. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $69.00 price target on shares of Jacobs Engineering Group in a research note on Friday, April 21st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $61.17.

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.

Earnings History for Jacobs Engineering Group (NYSE:JEC)

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