Jacobs Engineering Group (NYSE:JEC) Announces Earnings Results, Beats Expectations By $0.16 EPS

Jacobs Engineering Group (NYSE:JEC) released its quarterly earnings results on Monday. The construction company reported $1.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.16, Briefing.com reports. Jacobs Engineering Group had a return on equity of 11.11% and a net margin of 5.06%. The firm had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same period last year, the firm posted $1.31 EPS. The business’s revenue was up 13.4% on a year-over-year basis.

NYSE JEC opened at $90.75 on Tuesday. The stock has a fifty day moving average of $93.49 and a 200-day moving average of $86.22. The stock has a market capitalization of $12.65 billion, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 1.52 and a beta of 1.36. Jacobs Engineering Group has a 52 week low of $55.17 and a 52 week high of $98.08. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.36 and a current ratio of 1.36.

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 4th were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $0.68 annualized dividend and a dividend yield of 0.75%. Jacobs Engineering Group’s dividend payout ratio (DPR) is currently 15.21%.

A number of equities research analysts recently weighed in on JEC shares. ValuEngine cut Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Credit Suisse Group raised their price target on Jacobs Engineering Group from $85.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, August 6th. DA Davidson raised their price target on Jacobs Engineering Group to $95.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. KeyCorp raised their price target on Jacobs Engineering Group from $90.00 to $103.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Cowen reaffirmed a “buy” rating and set a $92.00 price target on shares of Jacobs Engineering Group in a report on Tuesday, August 20th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Jacobs Engineering Group has an average rating of “Buy” and an average price target of $88.89.

In other news, SVP Michael R. Tyler sold 3,564 shares of Jacobs Engineering Group stock in a transaction on Friday, November 15th. The stock was sold at an average price of $94.86, for a total value of $338,081.04. Following the completion of the sale, the senior vice president now directly owns 21,852 shares of the company’s stock, valued at approximately $2,072,880.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.92% of the stock is currently owned by company insiders.

Jacobs Engineering Group Company Profile

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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Earnings History for Jacobs Engineering Group (NYSE:JEC)

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