FY2022 EPS Estimates for Jacobs Engineering Group Inc. Reduced by Analyst (NYSE:J)

Jacobs Engineering Group Inc. (NYSE:JGet Rating) – Equities research analysts at William Blair cut their FY2022 earnings per share estimates for Jacobs Engineering Group in a research report issued to clients and investors on Monday, August 1st. William Blair analyst L. Dipalma now expects that the company will post earnings of $6.93 per share for the year, down from their prior forecast of $7.07. The consensus estimate for Jacobs Engineering Group’s current full-year earnings is $6.94 per share. William Blair also issued estimates for Jacobs Engineering Group’s Q4 2022 earnings at $1.79 EPS and FY2023 earnings at $7.32 EPS.

Jacobs Engineering Group (NYSE:JGet Rating) last announced its quarterly earnings data on Monday, August 1st. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.06. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Jacobs Engineering Group had a return on equity of 14.45% and a net margin of 3.16%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.64 EPS.

J has been the subject of several other reports. StockNews.com raised Jacobs Engineering Group from a “hold” rating to a “buy” rating in a report on Friday, May 6th. Credit Suisse Group decreased their target price on Jacobs Engineering Group from $159.00 to $154.00 and set an “outperform” rating for the company in a research report on Tuesday. Royal Bank of Canada cut their price target on shares of Jacobs Engineering Group from $160.00 to $155.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Citigroup decreased their price objective on shares of Jacobs Engineering Group from $155.00 to $151.00 and set a “buy” rating for the company in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $158.57.

Jacobs Engineering Group Stock Performance

Shares of NYSE:J opened at $127.50 on Thursday. The stock has a market capitalization of $16.27 billion, a P/E ratio of 35.81, a P/E/G ratio of 1.55 and a beta of 0.83. Jacobs Engineering Group has a 1-year low of $114.11 and a 1-year high of $150.32. The company has a current ratio of 1.43, a quick ratio of 1.25 and a debt-to-equity ratio of 0.59. The business has a 50-day moving average price of $128.38 and a two-hundred day moving average price of $131.47.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Perkins Coie Trust Co bought a new position in Jacobs Engineering Group in the first quarter valued at $29,000. Riverview Trust Co bought a new position in Jacobs Engineering Group in the first quarter valued at $31,000. Clear Street Markets LLC grew its position in Jacobs Engineering Group by 405.7% in the second quarter. Clear Street Markets LLC now owns 268 shares of the company’s stock valued at $34,000 after purchasing an additional 215 shares in the last quarter. CX Institutional bought a new position in Jacobs Engineering Group in the second quarter valued at $35,000. Finally, Lazard Asset Management LLC bought a new position in Jacobs Engineering Group in the fourth quarter valued at $37,000. Institutional investors own 85.23% of the company’s stock.

Jacobs Engineering Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, July 29th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Thursday, July 28th. Jacobs Engineering Group’s dividend payout ratio is 25.84%.

About Jacobs Engineering Group

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Jacobs Engineering Group Inc provides consulting, technical, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, rest of Asia, Australia, New Zealand, South America, Mexico, the Middle East, and Africa. The company operates in two segments, Critical Mission Solutions and People & Places Solutions.

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

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