Equities research analysts forecast that Jacobs Engineering Group Inc (NYSE:JEC) will report earnings of $0.88 per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Jacobs Engineering Group’s earnings, with estimates ranging from $0.85 to $0.91. Jacobs Engineering Group reported earnings of $0.78 per share in the same quarter last year, which suggests a positive year over year growth rate of 12.8%. The business is scheduled to announce its next earnings results on Tuesday, May 8th.
According to Zacks, analysts expect that Jacobs Engineering Group will report full year earnings of $4.01 per share for the current fiscal year, with EPS estimates ranging from $3.90 to $4.14. For the next financial year, analysts forecast that the business will report earnings of $4.78 per share, with EPS estimates ranging from $4.50 to $5.00. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Jacobs Engineering Group.
Jacobs Engineering Group (NYSE:JEC) last issued its earnings results on Wednesday, February 7th. The construction company reported $0.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.10. The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Jacobs Engineering Group had a return on equity of 8.59% and a net margin of 2.30%. Jacobs Engineering Group’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.68 earnings per share.
JEC has been the subject of several recent analyst reports. Credit Suisse Group reaffirmed an “outperform” rating and issued a $82.00 target price on shares of Jacobs Engineering Group in a research report on Thursday, January 18th. Zacks Investment Research raised Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research report on Monday, January 8th. Barclays raised their target price on Jacobs Engineering Group from $75.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. ValuEngine raised Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Citigroup raised their target price on Jacobs Engineering Group from $70.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, four have given 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 $74.62.
Shares of Jacobs Engineering Group stock traded up $0.79 during midday trading on Thursday, hitting $60.51. The company’s stock had a trading volume of 63,840 shares, compared to its average volume of 1,273,236. The stock has a market cap of $8,396.86, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.10 and a beta of 1.47. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.43. Jacobs Engineering Group has a 1-year low of $49.31 and a 1-year high of $72.18.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cerebellum GP LLC acquired a new stake in Jacobs Engineering Group during the fourth quarter valued at $127,000. Tower Research Capital LLC TRC acquired a new stake in Jacobs Engineering Group during the fourth quarter valued at $131,000. Virtu Financial LLC acquired a new stake in Jacobs Engineering Group during the fourth quarter valued at $200,000. Cadence Capital Management LLC acquired a new stake in Jacobs Engineering Group during the fourth quarter valued at $215,000. Finally, Pinnacle Associates Ltd. acquired a new stake in Jacobs Engineering Group during the fourth quarter valued at $217,000. 82.24% of the stock is owned by hedge funds and other institutional investors.
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.
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