Jacobs Engineering Group Inc (NYSE:JEC) declared a quarterly dividend on Thursday, January 18th, RTT News reports. Investors of record on Friday, February 16th will be given a dividend of 0.15 per share by the construction company on Friday, March 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.86%.
Jacobs Engineering Group has a payout ratio of 16.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Jacobs Engineering Group to earn $4.23 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 14.2%.
Jacobs Engineering Group (JEC) traded up $0.06 during mid-day trading on Thursday, hitting $69.64. 239,727 shares of the company traded hands, compared to its average volume of 1,089,691. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.56. The company has a market capitalization of $9,900.00, a PE ratio of 28.78, a price-to-earnings-growth ratio of 1.39 and a beta of 1.56. Jacobs Engineering Group has a one year low of $49.31 and a one year high of $70.35.
Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings data on Tuesday, November 21st. The construction company reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.16. The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.58 billion. Jacobs Engineering Group had a net margin of 2.93% and a return on equity of 9.18%. Jacobs Engineering Group’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.77 earnings per share. equities analysts anticipate that Jacobs Engineering Group will post 3.73 earnings per share for the current fiscal year.
JEC has been the topic of several research analyst reports. Robert W. Baird restated a “hold” rating and issued a $63.00 price objective on shares of Jacobs Engineering Group in a research report on Friday, October 6th. Zacks Investment Research cut shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 23rd. ValuEngine cut shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Citigroup set a $64.00 price target on shares of Jacobs Engineering Group and gave the company a “hold” rating in a research report on Friday, October 27th. Finally, KeyCorp increased their price target on shares of Jacobs Engineering Group from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. Jacobs Engineering Group has a consensus rating of “Hold” and an average target price of $70.40.
In other news, Director Joseph R. Bronson sold 6,125 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $63.01, for a total transaction of $385,936.25. Following the completion of the sale, the director now owns 30,496 shares of the company’s stock, valued at $1,921,552.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.74% of the company’s stock.
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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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