Jacobs Engineering Group Inc (NYSE:JEC) – Analysts at DA Davidson raised their Q2 2018 EPS estimates for Jacobs Engineering Group in a research report issued to clients and investors on Wednesday. DA Davidson analyst B. Thielman now anticipates that the construction company will post earnings of $0.89 per share for the quarter, up from their previous forecast of $0.81. DA Davidson currently has a “Hold” rating and a $68.00 price objective on the stock. DA Davidson also issued estimates for Jacobs Engineering Group’s Q3 2018 earnings at $1.10 EPS, Q4 2018 earnings at $1.15 EPS and FY2018 earnings at $4.03 EPS.

Jacobs Engineering Group (NYSE:JEC) last issued its earnings results on Wednesday, February 7th. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.10. The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.56 billion. Jacobs Engineering Group had a net margin of 2.30% and a return on equity of 8.59%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.68 EPS.

A number of other equities research analysts have also issued reports on the stock. Bank of America upped their target price on shares of Jacobs Engineering Group from $62.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday. Jefferies Group set a $70.00 target price on shares of Jacobs Engineering Group and gave the company a “hold” rating in a research note on Wednesday. Robert W. Baird set a $75.00 target price on shares of Jacobs Engineering Group and gave the company a “hold” rating in a research note on Wednesday. Citigroup upped their target price on shares of Jacobs Engineering Group from $70.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. Finally, Goldman Sachs Group upgraded shares of Jacobs Engineering Group from a “sell” rating to a “neutral” rating in a research note on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $74.00.

Shares of Jacobs Engineering Group (JEC) opened at $62.23 on Friday. The stock has a market cap of $8,899.80, a PE ratio of 31.91, a PEG ratio of 1.18 and a beta of 1.49. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.48 and a quick ratio of 1.56. Jacobs Engineering Group has a 12 month low of $49.31 and a 12 month high of $72.18.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cerebellum GP LLC bought a new position in Jacobs Engineering Group in the 4th quarter worth about $127,000. Tower Research Capital LLC TRC bought a new position in Jacobs Engineering Group in the 4th quarter worth about $131,000. Whittier Trust Co. grew its position in Jacobs Engineering Group by 141.2% in the 3rd quarter. Whittier Trust Co. now owns 2,050 shares of the construction company’s stock worth $119,000 after purchasing an additional 1,200 shares during the last quarter. Advisor Group Inc. grew its position in Jacobs Engineering Group by 18.8% in the 2nd quarter. Advisor Group Inc. now owns 2,140 shares of the construction company’s stock worth $117,000 after purchasing an additional 339 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in Jacobs Engineering Group in the 4th quarter worth about $200,000. Hedge funds and other institutional investors own 71.79% of the company’s stock.

In related news, Director Joseph R. Bronson sold 6,125 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were 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 approximately $1,921,552.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.74% of the stock is owned by corporate insiders.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 16th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Thursday, February 15th. Jacobs Engineering Group’s dividend payout ratio is presently 30.77%.

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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.

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

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