Jacobs Engineering Group (NYSE:J) Issues Q4 2022 Earnings Guidance

Jacobs Engineering Group (NYSE:JGet Rating) issued an update on its fourth quarter 2022 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.75-$1.85 for the period, compared to the consensus EPS estimate of $1.94. The company issued revenue guidance of -.

Jacobs Engineering Group Stock Performance

Shares of NYSE:J traded down $1.29 on Friday, hitting $127.50. 502,172 shares of the company were exchanged, compared to its average volume of 670,155. Jacobs Engineering Group has a 1-year low of $114.11 and a 1-year high of $150.32. The stock’s 50 day moving average price is $128.38 and its 200 day moving average price is $131.47. The company has a current ratio of 1.43, a quick ratio of 1.25 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $16.27 billion, a P/E ratio of 35.81, a price-to-earnings-growth ratio of 1.55 and a beta of 0.83.

Jacobs Engineering Group (NYSE:JGet Rating) last issued its earnings results on Monday, August 1st. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.06. Jacobs Engineering Group had a net margin of 3.16% and a return on equity of 14.45%. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter last year, the company posted $1.64 earnings per share. The firm’s revenue was up 7.0% compared to the same quarter last year. Sell-side analysts predict that Jacobs Engineering Group will post 6.94 EPS for the current year.

Jacobs Engineering Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, July 29th will be issued a $0.23 dividend. The ex-dividend date is Thursday, July 28th. This represents a $0.92 dividend on an annualized basis and a yield of 0.72%. Jacobs Engineering Group’s payout ratio is 25.84%.

Analysts Set New Price Targets

A number of research analysts have weighed in on J shares. Citigroup cut their price objective on shares of Jacobs Engineering Group from $155.00 to $151.00 and set a buy rating for the company in a report on Tuesday. Royal Bank of Canada cut their target price on shares of Jacobs Engineering Group from $160.00 to $155.00 and set an outperform rating for the company in a research note on Thursday. Credit Suisse Group cut their target price on shares of Jacobs Engineering Group from $159.00 to $154.00 and set an outperform rating for the company in a research note on Tuesday. Finally, StockNews.com raised shares of Jacobs Engineering Group from a hold rating to a buy rating in a research note on Friday, May 6th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Jacobs Engineering Group currently has an average rating of Moderate Buy and an average price target of $158.57.

Hedge Funds Weigh In On Jacobs Engineering Group

Large investors have recently made changes to their positions in the stock. Mackenzie Financial Corp increased its holdings in Jacobs Engineering Group by 1,162.8% during the 1st quarter. Mackenzie Financial Corp now owns 866,765 shares of the company’s stock valued at $119,449,000 after acquiring an additional 798,125 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Jacobs Engineering Group by 44.6% during the first quarter. Invesco Ltd. now owns 1,291,182 shares of the company’s stock worth $177,937,000 after buying an additional 398,033 shares in the last quarter. Capital International Investors grew its holdings in shares of Jacobs Engineering Group by 8.1% during the first quarter. Capital International Investors now owns 4,049,450 shares of the company’s stock worth $558,055,000 after buying an additional 304,996 shares in the last quarter. Mariner LLC grew its holdings in shares of Jacobs Engineering Group by 1,980.4% during the first quarter. Mariner LLC now owns 277,441 shares of the company’s stock worth $38,235,000 after buying an additional 264,105 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Jacobs Engineering Group by 1.8% in the first quarter. Vanguard Group Inc. now owns 13,998,808 shares of the company’s stock worth $1,929,175,000 after acquiring an additional 250,587 shares during the last quarter. Hedge funds and other 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.

Further Reading

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

Receive News & Ratings for Jacobs Engineering Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jacobs Engineering Group and related companies with MarketBeat.com's FREE daily email newsletter.