Brokerages expect that Jacobs Engineering Group Inc. (NYSE:JEC) will post $2.60 billion in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Jacobs Engineering Group’s earnings, with estimates ranging from $2.54 billion to $2.67 billion. Jacobs Engineering Group reported sales of $2.64 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 1.5%. The company is expected to announce its next earnings report before the market opens on Tuesday, November 21st.

According to Zacks, analysts expect that Jacobs Engineering Group will report full-year sales of $2.60 billion for the current financial year, with estimates ranging from $9.93 billion to $10.06 billion. For the next year, analysts forecast that the company will post sales of $10.44 billion per share, with estimates ranging from $10.32 billion to $10.67 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Jacobs Engineering Group.

Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.79 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.79. The firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.52 billion. Jacobs Engineering Group had a return on equity of 8.67% and a net margin of 2.29%. The firm’s revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.78 EPS.

A number of research analysts recently commented on the company. Citigroup Inc. set a $64.00 price objective on Jacobs Engineering Group and gave the stock a “hold” rating in a research note on Friday, October 27th. Jefferies Group LLC restated a “hold” rating and set a $61.00 price objective on shares of Jacobs Engineering Group in a research note on Friday, August 4th. Zacks Investment Research upgraded Jacobs Engineering Group from a “hold” rating to a “strong-buy” rating and set a $67.00 price objective for the company in a research note on Tuesday, October 17th. BidaskClub downgraded Jacobs Engineering Group from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Finally, Robert W. Baird restated a “hold” rating and set a $63.00 price objective on shares of Jacobs Engineering Group in a research note on Friday, October 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $62.56.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Jacobs Engineering Group by 1.3% in the second quarter. Vanguard Group Inc. now owns 11,936,467 shares of the construction company’s stock worth $649,225,000 after purchasing an additional 150,333 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Jacobs Engineering Group by 68.7% in the third quarter. Wells Fargo & Company MN now owns 4,012,084 shares of the construction company’s stock worth $233,784,000 after purchasing an additional 1,634,127 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Jacobs Engineering Group by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,171,451 shares of the construction company’s stock worth $172,489,000 after purchasing an additional 20,995 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Jacobs Engineering Group by 26.2% in the second quarter. Victory Capital Management Inc. now owns 2,527,660 shares of the construction company’s stock valued at $137,479,000 after buying an additional 524,310 shares during the period. Finally, FIL Ltd lifted its holdings in shares of Jacobs Engineering Group by 7.8% in the second quarter. FIL Ltd now owns 2,239,124 shares of the construction company’s stock valued at $121,786,000 after buying an additional 162,167 shares during the period. 83.76% of the stock is owned by institutional investors.

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Jacobs Engineering Group (JEC) opened at $60.28 on Friday. The company has a market capitalization of $7,353.66, a price-to-earnings ratio of 20.24, a P/E/G ratio of 1.75 and a beta of 1.51. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.60 and a current ratio of 1.60. Jacobs Engineering Group has a 52 week low of $49.31 and a 52 week high of $63.42.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 13th will be paid a $0.15 dividend. The ex-dividend date is Thursday, October 12th. This represents a $0.60 annualized dividend and a dividend yield of 1.00%. Jacobs Engineering Group’s payout ratio is 31.75%.

About Jacobs Engineering Group

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.

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

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