Equities Analysts Offer Predictions for Jacobs Engineering Group Inc.’s FY2022 Earnings (NYSE:J)

Jacobs Engineering Group Inc. (NYSE:J – Get Rating) – Analysts at William Blair increased their FY2022 earnings per share (EPS) estimates for Jacobs Engineering Group in a report issued on Tuesday, May 3rd. William Blair analyst L. Dipalma now expects that the company will post earnings per share of $7.07 for the year, up from their previous forecast of $6.93.

Jacobs Engineering Group (NYSE:J – Get Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.04. Jacobs Engineering Group had a net margin of 3.00% and a return on equity of 13.94%. The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same quarter last year, the business posted $1.66 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis.

J has been the topic of a number of other reports. Credit Suisse Group dropped their price objective on shares of Jacobs Engineering Group from $175.00 to $161.00 and set an “outperform” rating on the stock in a report on Wednesday, February 9th. Berenberg Bank downgraded shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 6th. StockNews.com raised shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research report on Friday. Royal Bank of Canada began coverage on shares of Jacobs Engineering Group in a research report on Wednesday, April 27th. They issued an “outperform” rating and a $173.00 price objective for the company. Finally, Stifel Nicolaus began 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 objective for the company. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Jacobs Engineering Group presently has a consensus rating of “Buy” and a consensus target price of $164.22.

Shares of J stock opened at $137.57 on Friday. The firm’s 50 day moving average price is $137.13 and its two-hundred day moving average price is $136.20. The stock has a market cap of $17.78 billion, a PE ratio of 47.93, a PEG ratio of 1.58 and a beta of 0.80. Jacobs Engineering Group has a 52-week low of $114.11 and a 52-week high of $150.32. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.40 and a current ratio of 1.25.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 24th. Investors of record on Friday, May 27th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, May 26th. Jacobs Engineering Group’s payout ratio is 32.06%.

Several hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new stake in Jacobs Engineering Group in the 4th quarter valued at about $298,491,000. Kovitz Investment Group Partners LLC boosted its holdings in Jacobs Engineering Group by 3,853.6% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 658,517 shares of the company’s stock valued at $71,754,000 after purchasing an additional 641,861 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Jacobs Engineering Group by 98.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 823,856 shares of the company’s stock valued at $113,536,000 after purchasing an additional 409,597 shares during the period. Capital World Investors boosted its holdings in Jacobs Engineering Group by 6.5% in the 3rd quarter. Capital World Investors now owns 6,692,125 shares of the company’s stock valued at $886,907,000 after purchasing an additional 408,849 shares during the period. Finally, Millennium Management LLC boosted its holdings in Jacobs Engineering Group by 1,873.6% in the 4th quarter. Millennium Management LLC now owns 416,988 shares of the company’s stock valued at $58,057,000 after purchasing an additional 395,860 shares during the period. 85.23% of the stock is owned by institutional investors and hedge funds.

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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