Jacobs Engineering Group Inc. (NYSE:J – Get 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:J – Get 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.
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
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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