Jacobs Engineering Group Inc. (JEC) Issues FY17 Earnings Guidance

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.

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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.

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

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