Jefferies Financial Group Analysts Cut Earnings Estimates for Jacobs Engineering Group Inc (JEC)

Jacobs Engineering Group Inc (NYSE:JEC) – Jefferies Financial Group decreased their Q1 2019 earnings estimates for Jacobs Engineering Group in a research note issued to investors on Tuesday, November 20th. Jefferies Financial Group analyst M. Englert now anticipates that the construction company will earn $1.11 per share for the quarter, down from their previous forecast of $1.20. Jefferies Financial Group has a “Hold” rating and a $74.00 price target on the stock. Jefferies Financial Group also issued estimates for Jacobs Engineering Group’s Q2 2019 earnings at $1.29 EPS, Q3 2019 earnings at $1.35 EPS, Q4 2019 earnings at $1.39 EPS, FY2020 earnings at $5.70 EPS and FY2021 earnings at $6.00 EPS.

Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings data on Tuesday, November 20th. The construction company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.07. Jacobs Engineering Group had a net margin of 1.19% and a return on equity of 10.39%. The business had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter in the previous year, the company earned $0.98 EPS. The business’s revenue was up 56.1% on a year-over-year basis.

Several other analysts have also recently weighed in on the stock. Citigroup upgraded shares of Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $95.00 price objective for the company in a research note on Monday, October 22nd. Zacks Investment Research cut shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. DA Davidson upgraded shares of Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Monday, August 6th. ValuEngine upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research note on Wednesday, September 19th. Finally, Robert W. Baird lifted their price objective on shares of Jacobs Engineering Group from $82.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 23rd. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Jacobs Engineering Group has a consensus rating of “Buy” and an average target price of $83.14.

Shares of Jacobs Engineering Group stock opened at $65.21 on Thursday. Jacobs Engineering Group has a twelve month low of $55.21 and a twelve month high of $82.24. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $9.23 billion, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 0.96 and a beta of 1.41.

The company also recently announced a quarterly dividend, which was paid on Friday, October 26th. Shareholders of record on Friday, September 28th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.92%. The ex-dividend date was Thursday, September 27th. Jacobs Engineering Group’s dividend payout ratio is currently 13.42%.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in Jacobs Engineering Group by 1.2% in the 3rd quarter. BlackRock Inc. now owns 8,379,897 shares of the construction company’s stock valued at $641,064,000 after buying an additional 103,039 shares during the period. Wells Fargo & Company MN increased its holdings in Jacobs Engineering Group by 2.9% in the 2nd quarter. Wells Fargo & Company MN now owns 4,918,774 shares of the construction company’s stock valued at $312,292,000 after buying an additional 139,022 shares during the period. FMR LLC increased its holdings in Jacobs Engineering Group by 3.6% in the 3rd quarter. FMR LLC now owns 4,309,847 shares of the construction company’s stock valued at $329,703,000 after buying an additional 151,132 shares during the period. CI Global Investments Inc. increased its holdings in Jacobs Engineering Group by 27.7% in the 3rd quarter. CI Global Investments Inc. now owns 3,595,224 shares of the construction company’s stock valued at $275,035,000 after buying an additional 779,327 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in Jacobs Engineering Group by 354.8% in the 3rd quarter. Alliancebernstein L.P. now owns 1,817,462 shares of the construction company’s stock valued at $139,036,000 after buying an additional 1,417,879 shares during the period. 86.64% of the stock is currently owned by hedge funds and other institutional investors.

About Jacobs Engineering Group

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

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