Jacobs Engineering Group Inc (NYSE:JEC) – Equities researchers at Jefferies Financial Group lowered their Q1 2019 earnings per share estimates for shares of Jacobs Engineering Group in a research report issued on Tuesday, November 20th. Jefferies Financial Group analyst M. Englert now anticipates that the construction company will post earnings per share of $1.11 for the quarter, down from their prior estimate of $1.20. Jefferies Financial Group currently has a “Hold” rating and a $74.00 price objective on the stock. Jefferies Financial Group also issued estimates for Jacobs Engineering Group’s Q2 2019 earnings at $1.29 EPS, Q3 2019 earnings at $1.35 EPS, Q4 2019 earnings at $1.39 EPS, FY2020 earnings at $5.70 EPS and FY2021 earnings at $6.00 EPS.

A number of other analysts have also recently issued reports on the stock. Citigroup raised shares of Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $95.00 price objective for the company in a research note on Monday, October 22nd. Zacks Investment Research cut shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. DA Davidson raised shares of Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Monday, August 6th. ValuEngine raised shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research note on Wednesday, September 19th. Finally, Robert W. Baird increased their price objective on shares of Jacobs Engineering Group from $82.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 23rd. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $83.14.

Shares of NYSE JEC opened at $65.21 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market capitalization of $9.23 billion, a PE ratio of 14.59, a PEG ratio of 0.96 and a beta of 1.41. Jacobs Engineering Group has a 1 year low of $55.21 and a 1 year high of $82.24.

Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings results on Tuesday, November 20th. The construction company reported $1.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.07. Jacobs Engineering Group had a net margin of 1.19% and a return on equity of 10.39%. The business had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period last year, the firm earned $0.98 earnings per share. The company’s quarterly revenue was up 56.1% on a year-over-year basis.

The business also recently announced a quarterly dividend, which was paid on Friday, October 26th. Investors of record on Friday, September 28th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.60 annualized dividend and a yield of 0.92%. Jacobs Engineering Group’s payout ratio is 13.42%.

A number of institutional investors and hedge funds have recently bought and sold shares of JEC. Madison Investment Holdings Inc. grew its stake in shares of Jacobs Engineering Group by 17.1% in the 2nd quarter. Madison Investment Holdings Inc. now owns 1,284,085 shares of the construction company’s stock worth $81,527,000 after buying an additional 187,572 shares in the last quarter. First American Trust FSB lifted its holdings in shares of Jacobs Engineering Group by 7.2% in the 3rd quarter. First American Trust FSB now owns 42,370 shares of the construction company’s stock worth $3,241,000 after acquiring an additional 2,855 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Jacobs Engineering Group in the 2nd quarter worth about $1,323,000. Ruggie Capital Group bought a new stake in shares of Jacobs Engineering Group in the 2nd quarter worth about $241,000. Finally, Bank of Nova Scotia lifted its holdings in shares of Jacobs Engineering Group by 7.9% in the 2nd quarter. Bank of Nova Scotia now owns 13,107 shares of the construction company’s stock worth $832,000 after acquiring an additional 961 shares during the last quarter. 86.64% of the stock is owned by institutional investors.

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

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