Analysts Anticipate Jacobs Engineering Group Inc. (NYSE:J) Will Announce Earnings of $1.70 Per Share

Wall Street analysts expect Jacobs Engineering Group Inc. (NYSE:JGet Rating) to report earnings per share (EPS) of $1.70 for the current quarter, Zacks reports. Three analysts have issued estimates for Jacobs Engineering Group’s earnings. The lowest EPS estimate is $1.66 and the highest is $1.75. Jacobs Engineering Group posted earnings per share of $1.66 during the same quarter last year, which indicates a positive year-over-year growth rate of 2.4%. The business is scheduled to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Jacobs Engineering Group will report full-year earnings of $7.08 per share for the current fiscal year, with EPS estimates ranging from $6.93 to $7.27. For the next financial year, analysts forecast that the company will post earnings of $8.13 per share, with EPS estimates ranging from $7.72 to $8.37. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Jacobs Engineering Group.

Jacobs Engineering Group (NYSE:JGet Rating) last released its earnings results on Tuesday, February 8th. The company reported $1.56 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.04). The business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.63 billion. Jacobs Engineering Group had a net margin of 2.51% and a return on equity of 13.90%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the company earned $1.41 earnings per share.

J has been the subject of a number of recent analyst reports. Credit Suisse Group decreased their price target on Jacobs Engineering Group from $175.00 to $161.00 and set an “outperform” rating for the company in a research report on Wednesday, February 9th. StockNews.com raised shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research report on Tuesday, April 12th. Stifel Nicolaus assumed coverage on shares of Jacobs Engineering Group in a research report on Thursday, March 17th. They issued a “buy” rating and a $159.00 price target for the company. Finally, Berenberg Bank cut shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 6th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $161.56.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sfmg LLC lifted its holdings in Jacobs Engineering Group by 0.7% in the 3rd quarter. Sfmg LLC now owns 11,058 shares of the company’s stock worth $1,466,000 after purchasing an additional 74 shares during the last quarter. Beacon Investment Advisory Services Inc. lifted its stake in shares of Jacobs Engineering Group by 1.7% in the third quarter. Beacon Investment Advisory Services Inc. now owns 4,331 shares of the company’s stock worth $574,000 after buying an additional 74 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co boosted its holdings in shares of 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 worth $276,000 after buying an additional 80 shares during the period. Empirical Finance LLC boosted its holdings in Jacobs Engineering Group by 6.1% during the third quarter. Empirical Finance LLC now owns 1,626 shares of the company’s stock valued at $215,000 after acquiring an additional 94 shares during the period. Finally, Hilton Capital Management LLC grew its position in shares of Jacobs Engineering Group by 4.7% in the fourth quarter. Hilton Capital Management LLC now owns 2,147 shares of the company’s stock valued at $299,000 after purchasing an additional 97 shares during the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE J opened at $144.13 on Tuesday. The stock’s fifty day simple moving average is $131.86 and its 200 day simple moving average is $135.49. The stock has a market capitalization of $18.62 billion, a price-to-earnings ratio of 63.49, a PEG ratio of 1.65 and a beta of 0.86. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.50. Jacobs Engineering Group has a 52-week low of $114.11 and a 52-week high of $149.55.

The company also recently announced a quarterly dividend, which was paid on Friday, March 25th. Shareholders of record on Friday, February 25th were given a $0.23 dividend. This is a positive change from Jacobs Engineering Group’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 0.64%. The ex-dividend date was Thursday, February 24th. Jacobs Engineering Group’s dividend payout ratio is presently 40.53%.

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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