Jacobs Engineering Group Inc. Declares Quarterly Dividend of $0.15 (JEC)

Jacobs Engineering Group Inc. (NYSE:JEC) declared a quarterly dividend on Tuesday, July 18th, RTT News reports. Investors of record on Friday, August 4th will be paid a dividend of 0.15 per share by the construction company on Friday, September 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Wednesday, August 2nd.

Jacobs Engineering Group has a dividend payout ratio of 19.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Jacobs Engineering Group to earn $3.44 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 17.4%.

Shares of Jacobs Engineering Group (NYSE JEC) traded down 0.19% during trading on Friday, hitting $52.58. The company had a trading volume of 1,007,287 shares. The company’s 50 day moving average is $53.51 and its 200 day moving average is $54.82. The firm has a market capitalization of $6.33 billion, a P/E ratio of 27.97 and a beta of 1.52. Jacobs Engineering Group has a 1-year low of $49.15 and a 1-year high of $63.42.

Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.79 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.79. Jacobs Engineering Group had a return on equity of 8.67% and a net margin of 2.29%. The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the business earned $0.78 EPS. Jacobs Engineering Group’s quarterly revenue was down 6.6% on a year-over-year basis. Analysts anticipate that Jacobs Engineering Group will post $3.13 earnings per share for the current fiscal year.

Several research analysts have recently weighed in on JEC shares. Credit Suisse Group restated a “buy” rating and set a $69.00 target price on shares of Jacobs Engineering Group in a report on Friday, April 21st. Robert W. Baird reiterated a “neutral” rating and issued a $64.00 price objective (up from $62.00) on shares of Jacobs Engineering Group in a report on Friday, May 12th. BidaskClub raised Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Citigroup Inc. lowered Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 target price on the stock. in a research report on Thursday, August 3rd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $61.00 price objective on shares of Jacobs Engineering Group in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $62.30.

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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.

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