Jacobs Engineering Group Inc. (NYSE:J) Expected to Post Earnings of $1.87 Per Share

Analysts expect Jacobs Engineering Group Inc. (NYSE:JGet Rating) to announce $1.87 earnings per share for the current quarter, according to Zacks. Three analysts have issued estimates for Jacobs Engineering Group’s earnings, with the highest EPS estimate coming in at $1.94 and the lowest estimate coming in at $1.80. Jacobs Engineering Group posted earnings of $1.64 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 14%. The company is scheduled to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Jacobs Engineering Group will report full-year earnings of $7.12 per share for the current financial year, with EPS estimates ranging from $7.00 to $7.25. For the next fiscal year, analysts expect that the company will report earnings of $8.13 per share, with EPS estimates ranging from $7.87 to $8.39. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Jacobs Engineering Group.

Jacobs Engineering Group (NYSE:JGet Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.04. The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Jacobs Engineering Group had a net margin of 3.00% and a return on equity of 13.94%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.66 EPS.

A number of research firms recently weighed in on J. StockNews.com upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research note on Friday, May 6th. Royal Bank of Canada began coverage on shares of Jacobs Engineering Group in a research note on Wednesday, April 27th. They set an “outperform” rating and a $173.00 target price on the stock. Credit Suisse Group lowered their target price on shares of Jacobs Engineering Group from $175.00 to $161.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 9th. Finally, Stifel Nicolaus began coverage on shares of Jacobs Engineering Group in a research note on Thursday, March 17th. They set a “buy” rating and a $159.00 target price on the stock. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $164.86.

Shares of J traded up $2.87 during trading hours on Monday, reaching $133.08. 406,147 shares of the stock traded hands, compared to its average volume of 727,370. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.52. Jacobs Engineering Group has a 52-week low of $114.11 and a 52-week high of $150.32. The company’s 50-day moving average price is $137.95 and its two-hundred day moving average price is $136.00. The company has a market cap of $17.12 billion, a P/E ratio of 46.37, a price-to-earnings-growth ratio of 1.52 and a beta of 0.80.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Friday, May 27th will be issued a $0.23 dividend. The ex-dividend date is Thursday, May 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.69%. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 32.06%.

A number of large investors have recently modified their holdings of J. Moors & Cabot Inc. bought a new position in Jacobs Engineering Group during the 3rd quarter valued at about $49,000. Mackenzie Financial Corp grew its holdings in Jacobs Engineering Group by 13.2% during the 3rd quarter. Mackenzie Financial Corp now owns 62,299 shares of the company’s stock valued at $8,256,000 after purchasing an additional 7,282 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co grew its holdings in Jacobs Engineering Group by 4.0% during the 3rd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 2,080 shares of the company’s stock valued at $276,000 after purchasing an additional 80 shares during the last quarter. Commerce Bank grew its holdings in Jacobs Engineering Group by 50.7% during the 3rd quarter. Commerce Bank now owns 12,954 shares of the company’s stock valued at $1,717,000 after purchasing an additional 4,359 shares during the last quarter. Finally, Boston Private Wealth LLC bought a new position in Jacobs Engineering Group during the 3rd quarter valued at about $201,000. Institutional investors own 85.23% of the company’s stock.

About Jacobs Engineering Group (Get Rating)

Jacobs Engineering Group Inc provides consulting, technical, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, rest of Asia, Australia, New Zealand, South America, Mexico, the Middle East, and Africa. The company operates in two segments, Critical Mission Solutions and People & Places Solutions.

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