Zacks: Analysts Anticipate Jacobs Engineering Group Inc. (NYSE:J) Will Post Earnings of $1.87 Per Share

Equities analysts predict that Jacobs Engineering Group Inc. (NYSE:J – Get Rating) will announce $1.87 earnings per share for the current quarter, Zacks reports. Three analysts have issued estimates for Jacobs Engineering Group’s earnings, with estimates ranging from $1.80 to $1.94. Jacobs Engineering Group posted earnings of $1.64 per share in the same quarter last year, which suggests a positive year over year growth rate of 14%. The company is scheduled to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Jacobs Engineering Group will report full year earnings of $7.12 per share for the current year, with EPS estimates ranging from $7.00 to $7.25. For the next financial year, analysts anticipate that the business will post earnings of $8.13 per share, with EPS estimates ranging from $7.87 to $8.39. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Jacobs Engineering Group.

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

J has been the subject of a number of recent research reports. Stifel Nicolaus initiated coverage on Jacobs Engineering Group in a research note on Thursday, March 17th. They set a “buy” rating and a $159.00 price objective for the company. Credit Suisse Group dropped their price target on Jacobs Engineering Group from $175.00 to $161.00 and set an “outperform” rating for the company in a research note on Wednesday, February 9th. StockNews.com upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Royal Bank of Canada initiated coverage on Jacobs Engineering Group in a research note on Wednesday, April 27th. They issued an “outperform” rating and a $173.00 price target for the company. Two 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, Jacobs Engineering Group has a consensus rating of “Buy” and a consensus price target of $164.22.

Large investors have recently added to or reduced their stakes in the stock. Perkins Coie Trust Co purchased a new stake in Jacobs Engineering Group during the 1st quarter valued at $29,000. Oakworth Capital Inc. purchased a new stake in Jacobs Engineering Group during the 3rd quarter valued at $30,000. Riverview Trust Co purchased a new stake in Jacobs Engineering Group during the 1st quarter valued at $31,000. Lazard Asset Management LLC purchased a new stake in Jacobs Engineering Group during the 4th quarter valued at $37,000. Finally, Retirement Planning Co of New England Inc. purchased a new stake in Jacobs Engineering Group during the 4th quarter valued at $38,000. Institutional investors own 85.23% of the company’s stock.

Shares of NYSE:J traded down $5.94 during mid-day trading on Monday, reaching $131.87. 21,016 shares of the company traded hands, compared to its average volume of 754,392. The company’s 50 day moving average price is $137.43 and its 200-day moving average price is $136.22. The firm has a market cap of $16.96 billion, a PE ratio of 45.88, a PEG ratio of 1.61 and a beta of 0.80. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.25 and a quick ratio of 1.40. Jacobs Engineering Group has a 52 week low of $114.11 and a 52 week high of $150.32.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Friday, May 27th will be given a dividend of $0.23 per share. The ex-dividend date is Thursday, May 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.70%. Jacobs Engineering Group’s dividend payout ratio is currently 32.06%.

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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