Zacks: Brokerages Expect Jacobs Engineering Group Inc (NYSE:JEC) to Announce $1.24 EPS

Brokerages expect Jacobs Engineering Group Inc (NYSE:JEC) to report earnings per share of $1.24 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Jacobs Engineering Group’s earnings, with the highest EPS estimate coming in at $1.30 and the lowest estimate coming in at $1.18. Jacobs Engineering Group posted earnings of $1.31 per share in the same quarter last year, which indicates a negative year over year growth rate of 5.3%. The business is expected to issue its next quarterly earnings results on Tuesday, November 19th.

On average, analysts expect that Jacobs Engineering Group will report full-year earnings of $4.84 per share for the current year, with EPS estimates ranging from $4.75 to $4.91. For the next year, analysts expect that the firm will post earnings of $5.51 per share, with EPS estimates ranging from $5.38 to $5.79. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Jacobs Engineering Group.

Jacobs Engineering Group (NYSE:JEC) last announced its earnings results on Monday, August 5th. The construction company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.15. The company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.10 billion. Jacobs Engineering Group had a net margin of 5.06% and a return on equity of 11.11%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.35 EPS.



A number of brokerages have issued reports on JEC. DA Davidson boosted their price target on shares of Jacobs Engineering Group to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. KeyCorp increased their price objective on Jacobs Engineering Group from $86.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. Credit Suisse Group increased their price objective on Jacobs Engineering Group from $85.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, August 6th. Bank of America initiated coverage on Jacobs Engineering Group in a report on Thursday. They set a “buy” rating and a $98.00 price target for the company. Finally, ValuEngine downgraded Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $87.81.

A number of large investors have recently modified their holdings of JEC. Suvretta Capital Management LLC purchased a new stake in Jacobs Engineering Group during the 2nd quarter worth approximately $112,951,000. Price T Rowe Associates Inc. MD boosted its position in Jacobs Engineering Group by 178.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,914,838 shares of the construction company’s stock worth $161,593,000 after acquiring an additional 1,228,046 shares during the period. FMR LLC boosted its position in Jacobs Engineering Group by 15.5% during the 1st quarter. FMR LLC now owns 5,883,832 shares of the construction company’s stock worth $442,405,000 after acquiring an additional 791,261 shares during the period. Nuveen Asset Management LLC boosted its position in Jacobs Engineering Group by 17,355.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 501,321 shares of the construction company’s stock worth $42,307,000 after acquiring an additional 498,449 shares during the period. Finally, Foresters Investment Management Company Inc. boosted its position in Jacobs Engineering Group by 187.4% during the 2nd quarter. Foresters Investment Management Company Inc. now owns 625,161 shares of the construction company’s stock worth $52,757,000 after acquiring an additional 407,661 shares during the period. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

JEC traded up $0.52 on Thursday, hitting $86.55. The company had a trading volume of 662,728 shares, compared to its average volume of 1,107,743. The firm has a market cap of $11.38 billion, a P/E ratio of 19.36, a PEG ratio of 1.58 and a beta of 1.41. Jacobs Engineering Group has a 1 year low of $55.17 and a 1 year high of $87.46. The company’s fifty day moving average price is $84.01 and its 200 day moving average price is $77.78. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.17.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, July 26th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Thursday, July 25th. Jacobs Engineering Group’s payout ratio is 15.21%.

About Jacobs Engineering Group

Jacobs Engineering Group Inc provides technical, professional, and construction services. The company's Aerospace, Technology, Environmental and Nuclear segment offers scientific, engineering, construction, nuclear, environmental, and technical support services to the aerospace, defense, technical, and automotive industries.

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

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