Zacks: Brokerages Anticipate Jacobs Engineering Group Inc (JEC) Will Post Quarterly Sales of $4.24 Billion
Wall Street brokerages predict that Jacobs Engineering Group Inc (NYSE:JEC) will announce sales of $4.24 billion for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Jacobs Engineering Group’s earnings. The lowest sales estimate is $4.19 billion and the highest is $4.36 billion. Jacobs Engineering Group reported sales of $2.65 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 60%. The firm is expected to issue its next quarterly earnings results on Tuesday, November 20th.
On average, analysts expect that Jacobs Engineering Group will report full year sales of $15.08 billion for the current financial year, with estimates ranging from $15.03 billion to $15.20 billion. For the next financial year, analysts anticipate that the firm will report sales of $16.60 billion per share, with estimates ranging from $16.20 billion to $17.07 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Jacobs Engineering Group.
Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings data on Monday, August 6th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.14. The business had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4 billion. Jacobs Engineering Group had a return on equity of 9.83% and a net margin of 2.19%. The firm’s quarterly revenue was up 65.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.79 earnings per share.
Several institutional investors have recently bought and sold shares of the business. Integrated Investment Consultants LLC bought a new stake in shares of Jacobs Engineering Group in the second quarter worth $102,000. W.G. Shaheen & Associates DBA Whitney & Co bought a new stake in shares of Jacobs Engineering Group in the first quarter worth $118,000. Optimum Investment Advisors bought a new stake in shares of Jacobs Engineering Group in the first quarter worth $121,000. Point72 Asia Hong Kong Ltd grew its holdings in shares of Jacobs Engineering Group by 2,423.3% in the first quarter. Point72 Asia Hong Kong Ltd now owns 2,271 shares of the construction company’s stock worth $134,000 after acquiring an additional 2,181 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Jacobs Engineering Group by 88.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,137 shares of the construction company’s stock worth $136,000 after acquiring an additional 1,004 shares during the period. 86.51% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:JEC opened at $75.78 on Monday. The firm has a market cap of $10.65 billion, a price-to-earnings ratio of 23.39, a P/E/G ratio of 1.31 and a beta of 1.55. Jacobs Engineering Group has a 12-month low of $55.21 and a 12-month high of $76.12. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.45 and a quick ratio of 1.45.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 26th. Shareholders of record on Friday, September 28th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, September 27th. Jacobs Engineering Group’s payout ratio is 18.52%.
About Jacobs Engineering Group
Jacobs Engineering Group Inc provides technical, professional, and construction services. It offers project services that include engineering, architectural, interiors, design, planning, and related services, as well as planning, scheduling, procurement, estimating, cost engineering, project accounting and delivery, safety, and other support services.
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