Wall Street brokerages forecast that Jacobs Engineering Group Inc (NYSE:JEC) will post earnings per share of $1.21 for the current quarter, according to Zacks. Five analysts have made estimates for Jacobs Engineering Group’s earnings. The highest EPS estimate is $1.28 and the lowest is $1.14. Jacobs Engineering Group posted earnings per share of $0.98 in the same quarter last year, which suggests a positive year-over-year growth rate of 23.5%. The company is scheduled to announce its next quarterly earnings results on Tuesday, November 20th.

On average, analysts expect that Jacobs Engineering Group will report full-year earnings of $4.38 per share for the current fiscal year, with EPS estimates ranging from $4.30 to $4.46. For the next financial year, analysts expect that the firm will report earnings of $5.25 per share, with EPS estimates ranging from $5.00 to $5.40. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Jacobs Engineering Group.

Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings data on Monday, August 6th. The construction company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.14. Jacobs Engineering Group had a net margin of 2.19% and a return on equity of 9.83%. The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4 billion. During the same quarter in the prior year, the firm earned $0.79 EPS. The company’s revenue was up 65.3% on a year-over-year basis.

A number of equities research analysts have commented on JEC shares. Citigroup increased their price objective on shares of Jacobs Engineering Group from $69.00 to $70.00 and gave the stock a “$66.12” rating in a report on Monday, July 23rd. DA Davidson raised shares of Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Monday, August 6th. Robert W. Baird reissued an “outperform” rating and set a $82.00 price objective (up previously from $73.00) on shares of Jacobs Engineering Group in a report on Monday, August 6th. Jefferies Financial Group reissued a “hold” rating and set a $74.00 price objective on shares of Jacobs Engineering Group in a report on Tuesday, August 7th. Finally, KeyCorp increased their price objective on shares of Jacobs Engineering Group from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, August 7th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Jacobs Engineering Group presently has a consensus rating of “Buy” and an average target price of $79.85.

Shares of NYSE:JEC opened at $75.97 on Friday. Jacobs Engineering Group has a 12 month low of $55.21 and a 12 month high of $76.66. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a market cap of $10.75 billion, a price-to-earnings ratio of 23.45, a P/E/G ratio of 1.33 and a beta of 1.55.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 26th. Shareholders of record on Friday, September 28th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, September 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.79%. Jacobs Engineering Group’s payout ratio is presently 18.52%.

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its position in Jacobs Engineering Group by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 925,070 shares of the construction company’s stock valued at $58,734,000 after purchasing an additional 3,024 shares during the period. Nomura Holdings Inc. lifted its position in Jacobs Engineering Group by 646.0% during the 2nd quarter. Nomura Holdings Inc. now owns 40,578 shares of the construction company’s stock valued at $2,577,000 after purchasing an additional 48,010 shares during the period. Andra AP fonden acquired a new position in Jacobs Engineering Group during the 2nd quarter valued at about $3,562,000. Global X Management Co LLC lifted its position in Jacobs Engineering Group by 13.1% during the 2nd quarter. Global X Management Co LLC now owns 34,327 shares of the construction company’s stock valued at $2,179,000 after purchasing an additional 3,981 shares during the period. Finally, Bank of Nova Scotia lifted its position in Jacobs Engineering Group by 7.9% during the 2nd quarter. Bank of Nova Scotia now owns 13,107 shares of the construction company’s stock valued at $832,000 after purchasing an additional 961 shares during the period. Institutional investors own 86.49% of the company’s stock.

About Jacobs Engineering Group

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.

Featured Story: Fundamental Analysis and Choosing Stocks

Get a free copy of the Zacks research report on Jacobs Engineering Group (JEC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.