Jacobs Engineering Group Inc. (NYSE:JEC) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided EPS guidance of $3.00-3.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.13.
Shares of Jacobs Engineering Group Inc. (NYSE:JEC) traded down 0.80% on Friday, reaching $49.85. 937,508 shares of the company’s stock traded hands. Jacobs Engineering Group Inc. has a 52 week low of $49.15 and a 52 week high of $63.42. The firm has a market capitalization of $6.00 billion, a price-to-earnings ratio of 26.52 and a beta of 1.52. The company has a 50 day moving average price of $53.16 and a 200 day moving average price of $54.48.
Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.79 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.79. The company had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Jacobs Engineering Group had a net margin of 2.29% and a return on equity of 8.67%. The business’s revenue was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS. On average, equities research analysts predict that Jacobs Engineering Group Inc. will post $3.13 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 4th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $0.60 annualized dividend and a dividend yield of 1.20%. Jacobs Engineering Group’s dividend payout ratio is currently 31.75%.
Several brokerages have recently issued reports on JEC. BidaskClub cut shares of Jacobs Engineering Group from a sell rating to a strong sell rating in a research note on Thursday. Zacks Investment Research raised shares of Jacobs Engineering Group from a sell rating to a hold rating in a research report on Thursday, August 10th. Citadel Securities downgraded shares of Jacobs Engineering Group from a buy rating to a neutral rating and lifted their target price for the stock from $62.00 to $66.00 in a research report on Tuesday, August 8th. Jefferies Group LLC reissued a hold rating and issued a $61.00 target price on shares of Jacobs Engineering Group in a research report on Friday, August 4th. Finally, Citigroup Inc. downgraded shares of 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. One 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. Jacobs Engineering Group currently has an average rating of Hold and an average price target of $62.30.
TRADEMARK VIOLATION NOTICE: This article was first published by BNB Daily and is owned by of BNB Daily. If you are accessing this article on another domain, it was illegally stolen and reposted in violation of international copyright law. The original version of this article can be read at https://www.baseball-news-blog.com/2017/08/19/jacobs-engineering-group-inc-jec-releases-fy17-earnings-guidance-updated.html.
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.
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.