Q4 2017 Earnings Forecast for Jacobs Engineering Group Inc. Issued By Jefferies Group (JEC)

Jacobs Engineering Group Inc. (NYSE:JEC) – Stock analysts at Jefferies Group dropped their Q4 2017 earnings per share estimates for shares of Jacobs Engineering Group in a research report issued to clients and investors on Wednesday. Jefferies Group analyst M. Englert now forecasts that the construction company will post earnings per share of $0.80 for the quarter, down from their previous estimate of $0.84. Jefferies Group currently has a “Hold” rating and a $61.00 target price on the stock. Jefferies Group also issued estimates for Jacobs Engineering Group’s Q1 2018 earnings at $0.80 EPS, Q2 2018 earnings at $0.83 EPS, Q3 2018 earnings at $0.85 EPS, Q4 2018 earnings at $0.86 EPS and FY2019 earnings at $3.59 EPS.

Jacobs Engineering Group (NYSE:JEC) last posted its earnings results on Tuesday, August 8th. The construction company reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79. Jacobs Engineering Group had a return on equity of 8.67% and a net margin of 2.29%. The firm had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the firm earned $0.78 EPS. The firm’s revenue was down 6.6% compared to the same quarter last year.

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JEC has been the topic of several other research reports. BidaskClub raised Jacobs Engineering Group from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Citigroup Inc. downgraded Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 price objective on the stock. in a report on Thursday, August 3rd. Credit Suisse Group reaffirmed a “buy” rating and set a $69.00 price objective on shares of Jacobs Engineering Group in a report on Friday, April 21st. Citadel Securities downgraded Jacobs Engineering Group from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $62.00 to $66.00 in a report on Tuesday. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $64.00 price objective (up previously from $62.00) on shares of Jacobs Engineering Group in a report on Friday, May 12th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. Jacobs Engineering Group has an average rating of “Hold” and an average target price of $61.17.

Jacobs Engineering Group (JEC) traded up 0.30% during mid-day trading on Thursday, reaching $54.38. The company had a trading volume of 154,807 shares. Jacobs Engineering Group has a 52-week low of $49.15 and a 52-week high of $63.42. The company’s 50 day moving average is $53.50 and its 200 day moving average is $54.87. The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 28.93 and a beta of 1.52.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 4th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Wednesday, August 2nd. Jacobs Engineering Group’s payout ratio is 31.75%.

Several hedge funds have recently modified their holdings of JEC. Calamos Advisors LLC boosted its stake in Jacobs Engineering Group by 2.7% in the second quarter. Calamos Advisors LLC now owns 54,543 shares of the construction company’s stock worth $2,967,000 after buying an additional 1,446 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Jacobs Engineering Group by 32.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 13,653 shares of the construction company’s stock worth $743,000 after buying an additional 3,339 shares in the last quarter. Swiss National Bank boosted its stake in Jacobs Engineering Group by 2.9% in the second quarter. Swiss National Bank now owns 441,043 shares of the construction company’s stock worth $23,988,000 after buying an additional 12,500 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in Jacobs Engineering Group by 7.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 8,355 shares of the construction company’s stock worth $454,000 after buying an additional 563 shares in the last quarter. Finally, Pacad Investment Ltd. boosted its stake in Jacobs Engineering Group by 49.7% in the second quarter. Pacad Investment Ltd. now owns 9,072 shares of the construction company’s stock worth $493,000 after buying an additional 3,012 shares in the last quarter. Institutional investors own 87.41% of the company’s stock.

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.

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

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