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.
COPYRIGHT VIOLATION WARNING: This story was published by BNB Daily and is the sole property of of BNB Daily. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The correct version of this story can be viewed at https://www.baseball-news-blog.com/2017/08/13/jacobs-engineering-group-inc-jec-declares-quarterly-dividend-of-0-15-updated-updated-updated.html.
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.
Receive News & Ratings for Jacobs Engineering Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jacobs Engineering Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.