Jacobs Engineering Group (JEC) Releases Quarterly Earnings Results, Beats Expectations By $0.16 EPS

Jacobs Engineering Group (NYSE:JEC) issued its earnings results on Tuesday, November 21st. The construction company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.16, Bloomberg Earnings reports. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.58 billion. Jacobs Engineering Group had a return on equity of 9.18% and a net margin of 2.93%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the company posted $0.77 EPS. Jacobs Engineering Group updated its FY18 guidance to $3.25-3.60 EPS.

Jacobs Engineering Group (NYSE:JEC) traded up $1.23 during trading hours on Wednesday, reaching $67.69. The company’s stock had a trading volume of 1,247,304 shares, compared to its average volume of 822,539. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $8,033.88, a price-to-earnings ratio of 20.65, a PEG ratio of 1.45 and a beta of 1.56. Jacobs Engineering Group has a one year low of $49.31 and a one year high of $68.12.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Friday, October 13th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Thursday, October 12th. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 24.69%.

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

Several brokerages recently weighed in on JEC. MKM Partners set a $61.00 target price on Jacobs Engineering Group and gave the stock a “neutral” rating in a research report on Tuesday, November 28th. Argus reaffirmed a “buy” rating and issued a $73.00 target price on shares of Jacobs Engineering Group in a research report on Monday, November 27th. They noted that the move was a valuation call. Robert W. Baird reissued a “hold” rating and issued a $69.00 price objective on shares of Jacobs Engineering Group in a research report on Friday, November 24th. Zacks Investment Research lowered Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 23rd. Finally, ValuEngine raised Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $67.44.

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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.

Earnings History for Jacobs Engineering Group (NYSE:JEC)

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