Jacobs Engineering Group (NYSE:JEC) Updates FY18 Earnings Guidance

Jacobs Engineering Group (NYSE:JEC) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $3.25-3.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.44.

Jacobs Engineering Group (NYSE JEC) traded up $1.23 during trading on Wednesday, reaching $67.69. 1,247,304 shares of the company’s stock were exchanged, compared to its average volume of 822,539. The firm has a market cap of $8,033.88, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 1.45 and a beta of 1.56. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.56. Jacobs Engineering Group has a 52-week low of $49.31 and a 52-week high of $68.12.

Jacobs Engineering Group (NYSE:JEC) last released its earnings results on Tuesday, November 21st. The construction company reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.16. The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.58 billion. Jacobs Engineering Group had a net margin of 2.93% and a return on equity of 9.18%. The business’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.77 EPS. analysts forecast that Jacobs Engineering Group will post 3.44 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Friday, October 13th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Thursday, October 12th. Jacobs Engineering Group’s dividend payout ratio is 24.69%.

JEC has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Jacobs Engineering Group from a sell rating to a hold rating in a research report on Thursday, August 10th. BidaskClub lowered shares of Jacobs Engineering Group from a sell rating to a strong sell rating in a research report on Thursday, August 17th. KeyCorp reaffirmed a buy rating and set a $60.00 price objective on shares of Jacobs Engineering Group in a research report on Friday, August 25th. Robert W. Baird reaffirmed a hold rating and set a $63.00 price objective on shares of Jacobs Engineering Group in a research report on Friday, October 6th. Finally, Citigroup set a $64.00 price objective on shares of Jacobs Engineering Group and gave the company a hold rating in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $67.44.

In other news, Director Joseph R. Bronson sold 6,125 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $63.01, for a total transaction of $385,936.25. Following the completion of the transaction, the director now owns 30,496 shares of the company’s stock, valued at $1,921,552.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.49% of the stock is currently owned by corporate insiders.

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Jacobs Engineering Group Company Profile

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.

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

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