Jacobs Engineering Group (NYSE:JEC) issued its quarterly earnings results on Tuesday, May 7th. The construction company reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.10, MarketWatch Earnings reports. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Jacobs Engineering Group had a net margin of 2.13% and a return on equity of 11.16%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.00 EPS. Jacobs Engineering Group updated its FY 2019 guidance to $4.45-4.85 EPS and its FY19 guidance to $4.45-$4.85 EPS.
NYSE JEC traded up $1.32 during trading on Thursday, reaching $75.19. The company’s stock had a trading volume of 940,400 shares, compared to its average volume of 1,203,129. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.52 and a current ratio of 1.52. The firm has a market cap of $10.18 billion, a PE ratio of 16.82, a P/E/G ratio of 1.33 and a beta of 1.44. Jacobs Engineering Group has a twelve month low of $55.17 and a twelve month high of $82.24.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 17th will be paid a $0.17 dividend. The ex-dividend date is Thursday, May 16th. This represents a $0.68 dividend on an annualized basis and a yield of 0.90%. Jacobs Engineering Group’s dividend payout ratio is presently 15.21%.
In other news, SVP Michael R. Tyler sold 676 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $74.67, for a total transaction of $50,476.92. Following the transaction, the senior vice president now directly owns 27,150 shares in the company, valued at $2,027,290.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joseph R. Bronson sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $76.45, for a total transaction of $764,500.00. Following the transaction, the director now owns 35,302 shares in the company, valued at $2,698,837.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,982 shares of company stock worth $1,820,176. 0.92% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the company. Citizens Financial Group Inc RI purchased a new stake in Jacobs Engineering Group during the fourth quarter worth about $28,000. Sandy Spring Bank boosted its holdings in Jacobs Engineering Group by 100.0% during the first quarter. Sandy Spring Bank now owns 400 shares of the construction company’s stock worth $30,000 after buying an additional 200 shares in the last quarter. First Manhattan Co. lifted its holdings in shares of Jacobs Engineering Group by 115.9% in the first quarter. First Manhattan Co. now owns 462 shares of the construction company’s stock valued at $34,000 after purchasing an additional 248 shares in the last quarter. CSat Investment Advisory L.P. lifted its holdings in shares of Jacobs Engineering Group by 86.9% in the fourth quarter. CSat Investment Advisory L.P. now owns 600 shares of the construction company’s stock valued at $35,000 after purchasing an additional 279 shares in the last quarter. Finally, Cresset Asset Management LLC purchased a new stake in shares of Jacobs Engineering Group in the first quarter valued at about $35,000. Institutional investors and hedge funds own 94.07% of the company’s stock.
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About Jacobs Engineering Group
Jacobs Engineering Group Inc provides technical, professional, and construction services. The company's Aerospace, Technology, Environmental and Nuclear segment offers scientific, engineering, construction, nuclear, environmental, and technical support services to the aerospace, defense, technical, and automotive industries.
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