Headlines about Jacobs Engineering Group (NYSE:JEC) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Jacobs Engineering Group earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave news coverage about the construction company an impact score of 46.0829240564313 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s rankings:
- Jacobs Engineering Group Inc.: Jacobs Rings NYSE Closing Bell, Marking Transformative Business Combination 70 Years in the Making (twst.com)
- Jacobs Declares Quarterly Dividend (finance.yahoo.com)
- Jacobs Engineering Group Inc (JEC) to Issue Quarterly Dividend of $0.15 (americanbankingnews.com)
- Analysts Anticipate Jacobs Engineering Group Inc (JEC) to Announce $0.67 EPS (americanbankingnews.com)
- Jacobs Secures Engineering Services Agreement with Carcross/Tagish Energy Corporation (finance.yahoo.com)
JEC has been the topic of a number of recent analyst reports. Robert W. Baird reaffirmed a “hold” rating and issued a $63.00 target price on shares of Jacobs Engineering Group in a research report on Friday, October 6th. Zacks Investment Research upgraded shares of Jacobs Engineering Group from a “hold” rating to a “strong-buy” rating and set a $67.00 price target on the stock in a research note on Tuesday, October 17th. Citigroup set a $64.00 price target on shares of Jacobs Engineering Group and gave the stock a “hold” rating in a research note on Friday, October 27th. ValuEngine lowered shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, DA Davidson reiterated a “hold” rating and set a $68.00 price target on shares of Jacobs Engineering Group in a research note on Wednesday, November 22nd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $70.40.
Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings results on Tuesday, November 21st. The construction company reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.16. The company had revenue of $2.65 billion for 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 for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 earnings per share. equities analysts forecast that Jacobs Engineering Group will post 3.73 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 16th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.86%. Jacobs Engineering Group’s payout ratio is 24.79%.
In related news, Director Joseph R. Bronson sold 6,125 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $63.01, for a total transaction of $385,936.25. Following the sale, the director now directly owns 30,496 shares in the company, valued at $1,921,552.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.74% of the stock is currently owned by corporate insiders.
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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.
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