Jacobs Engineering Group Inc (NYSE:JEC) – Equities research analysts at Seaport Global Securities issued their FY2018 earnings per share estimates for shares of Jacobs Engineering Group in a report issued on Thursday, November 15th. Seaport Global Securities analyst J. Sullivan forecasts that the construction company will post earnings of $4.40 per share for the year. Seaport Global Securities currently has a “Buy” rating and a $91.00 price target on the stock. Seaport Global Securities also issued estimates for Jacobs Engineering Group’s Q4 2018 earnings at $1.27 EPS, Q1 2019 earnings at $1.19 EPS, Q2 2019 earnings at $1.26 EPS, Q3 2019 earnings at $1.46 EPS, Q4 2019 earnings at $1.48 EPS and FY2019 earnings at $5.40 EPS.
A number of other brokerages have also recently issued reports on JEC. Bank of America upped their price objective on Jacobs Engineering Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, August 7th. UBS Group upped their price objective on Jacobs Engineering Group from $83.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, August 7th. Citigroup upped their price objective on Jacobs Engineering Group from $69.00 to $70.00 and gave the stock a “$66.12” rating in a research note on Monday, July 23rd. Zacks Investment Research cut Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $74.00 price objective on shares of Jacobs Engineering Group in a research note on Tuesday, August 7th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $83.71.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 26th. Investors of record on Friday, September 28th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Thursday, September 27th. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 18.52%.
Hedge funds have recently bought and sold shares of the business. Integrated Investment Consultants LLC bought a new position in Jacobs Engineering Group during the 2nd quarter worth $102,000. Migdal Insurance & Financial Holdings Ltd. increased its position in Jacobs Engineering Group by 103.3% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,417 shares of the construction company’s stock worth $108,000 after buying an additional 720 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Jacobs Engineering Group by 88.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,137 shares of the construction company’s stock worth $136,000 after buying an additional 1,004 shares during the period. SRS Capital Advisors Inc. bought a new position in Jacobs Engineering Group during the 3rd quarter worth $148,000. Finally, Atlas Capital Advisors LLC bought a new position in Jacobs Engineering Group during the 3rd quarter worth $163,000. Hedge funds and other institutional investors own 85.85% of the company’s stock.
Jacobs Engineering Group Company Profile
Jacobs Engineering Group Inc provides technical, professional, and construction services. It offers project services that include engineering, architectural, interiors, design, planning, and related services, as well as planning, scheduling, procurement, estimating, cost engineering, project accounting and delivery, safety, and other support services.
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