Jacobs Engineering Group Inc. (NYSE:JEC) announced its quarterly earnings data on Tuesday. The company reported $0.77 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.77. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.78 billion. Jacobs Engineering Group had a net margin of 1.84% and a return on equity of 8.58%. During the same quarter in the previous year, the firm posted $0.80 earnings per share.

Jacobs Engineering Group (NYSE:JEC) opened at 58.00 on Tuesday. The firm’s 50-day moving average is $52.49 and its 200-day moving average is $51.87. The stock has a market capitalization of $7.04 billion, a P/E ratio of 33.62 and a beta of 1.61. Jacobs Engineering Group has a 12-month low of $34.76 and a 12-month high of $59.28.

Earnings History for Jacobs Engineering Group (NYSE:JEC)

In related news, insider Terence D. Hagen sold 18,639 shares of the company’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $54.73, for a total transaction of $1,020,112.47. Following the completion of the transaction, the insider now owns 27,022 shares in the company, valued at $1,478,914.06. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Noel G. Watson sold 66,668 shares of the company’s stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $51.71, for a total value of $3,447,402.28. Following the transaction, the director now owns 736,669 shares of the company’s stock, valued at approximately $38,093,153.99. The disclosure for this sale can be found here. Corporate insiders own 3.16% of the company’s stock.

Several institutional investors have recently made changes to their positions in JEC. Advantus Capital Management Inc increased its position in Jacobs Engineering Group by 1.2% in the second quarter. Advantus Capital Management Inc now owns 11,782 shares of the company’s stock worth $587,000 after buying an additional 141 shares during the period. BlackRock Japan Co. Ltd increased its position in Jacobs Engineering Group by 0.3% in the second quarter. BlackRock Japan Co. Ltd now owns 137,173 shares of the company’s stock worth $6,833,000 after buying an additional 469 shares during the period. Bessemer Group Inc. increased its position in Jacobs Engineering Group by 28.6% in the second quarter. Bessemer Group Inc. now owns 2,968 shares of the company’s stock worth $148,000 after buying an additional 660 shares during the period. Fifth Third Bancorp increased its position in Jacobs Engineering Group by 6.2% in the second quarter. Fifth Third Bancorp now owns 13,093 shares of the company’s stock worth $652,000 after buying an additional 770 shares during the period. Finally, United Services Automobile Association boosted its stake in Jacobs Engineering Group by 2.3% in the second quarter. United Services Automobile Association now owns 38,750 shares of the company’s stock worth $1,930,000 after buying an additional 863 shares in the last quarter. Institutional investors own 86.86% of the company’s stock.

JEC has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 11th. FBR & Co increased their price objective on shares of Jacobs Engineering Group from $47.00 to $55.00 and gave the company a “mkt perform” rating in a research report on Friday, August 12th. Deutsche Bank AG increased their price objective on shares of Jacobs Engineering Group from $53.00 to $54.00 and gave the company a “hold” rating in a research report on Wednesday, August 10th. Jefferies Group restated a “buy” rating and issued a $54.00 price target on shares of Jacobs Engineering Group in a research note on Wednesday, August 10th. Finally, MKM Partners set a $49.00 price target on shares of Jacobs Engineering Group and gave the company a “hold” rating in a research note on Thursday, September 15th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $48.32.

About Jacobs Engineering Group

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.

5 Day Chart for NYSE:JEC

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