Jacobs Engineering Group (NYSE:JEC) – Jefferies Group increased their Q3 2018 EPS estimates for shares of Jacobs Engineering Group in a report issued on Tuesday, May 8th, Zacks Investment Research reports. Jefferies Group analyst M. Englert now anticipates that the construction company will earn $1.22 per share for the quarter, up from their previous forecast of $1.10. Jefferies Group currently has a “Hold” rating and a $70.00 target price on the stock. Jefferies Group also issued estimates for Jacobs Engineering Group’s Q4 2018 earnings at $1.23 EPS, FY2018 earnings at $4.28 EPS and FY2019 earnings at $5.29 EPS.
JEC has been the subject of several other reports. Bank of America upgraded shares of Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $78.00 price objective for the company in a research report on Friday, May 11th. Robert W. Baird raised shares of Jacobs Engineering Group from a “neutral” rating to an “outperform” rating and set a $70.00 target price for the company in a research note on Monday, March 26th. Credit Suisse Group reaffirmed an “outperform” rating and set a $82.00 target price on shares of Jacobs Engineering Group in a research note on Thursday, January 18th. Vertical Research raised shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 9th. Finally, MKM Partners raised shares of Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Wednesday, March 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $75.54.
Jacobs Engineering Group opened at $63.96 on Thursday, MarketBeat.com reports. Jacobs Engineering Group has a 12-month low of $62.48 and a 12-month high of $63.55. The stock has a market cap of $9.00 billion, a P/E ratio of 19.74, a PEG ratio of 1.03 and a beta of 1.49. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.42.
Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings data on Tuesday, May 8th. The construction company reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.13. Jacobs Engineering Group had a net margin of 1.97% and a return on equity of 8.76%. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.60 billion. During the same period last year, the business earned $0.78 earnings per share. Jacobs Engineering Group’s revenue was up 70.9% compared to the same quarter last year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. W.G. Shaheen & Associates DBA Whitney & Co purchased a new position in shares of Jacobs Engineering Group in the first quarter valued at approximately $118,000. Optimum Investment Advisors purchased a new position in shares of Jacobs Engineering Group in the first quarter valued at approximately $121,000. Cerebellum GP LLC purchased a new position in shares of Jacobs Engineering Group in the fourth quarter valued at approximately $127,000. Tower Research Capital LLC TRC purchased a new position in shares of Jacobs Engineering Group in the fourth quarter valued at approximately $131,000. Finally, Point72 Asia Hong Kong Ltd boosted its stake 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 valued at $134,000 after purchasing an additional 2,181 shares during the period. 82.95% of the stock is owned by institutional investors and hedge funds.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, May 18th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Thursday, May 17th. Jacobs Engineering Group’s payout ratio is 18.52%.
Jacobs Engineering Group Company Profile
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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