Jacobs Engineering Group Inc. (NYSE:JEC) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $3.00-3.50 for the period, compared to the Thomson Reuters consensus estimate of $3.26.

A number of equities analysts have recently issued reports on the stock. TheStreet upgraded shares of Jacobs Engineering Group from a hold rating to a buy rating in a research note on Monday. DA Davidson downgraded shares of Jacobs Engineering Group from a buy rating to a neutral rating and raised their target price for the company from $60.00 to $62.00 in a research note on Wednesday, November 16th. They noted that the move was a valuation call. Credit Suisse Group AG restated a buy rating and issued a $60.00 target price on shares of Jacobs Engineering Group in a research note on Tuesday. Jefferies Group restated a buy rating and issued a $54.00 target price on shares of Jacobs Engineering Group in a research note on Wednesday, August 10th. Finally, Deutsche Bank AG raised their target price on shares of Jacobs Engineering Group from $53.00 to $54.00 and gave the company a hold rating in a research note on Wednesday, August 10th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $49.45.

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

Jacobs Engineering Group Inc. (NYSE:JEC) opened at 59.32 on Wednesday. Jacobs Engineering Group Inc. has a 12-month low of $34.76 and a 12-month high of $59.72. The stock has a market cap of $7.20 billion, a PE ratio of 34.39 and a beta of 1.61. The firm has a 50-day moving average of $52.70 and a 200-day moving average of $51.95.

Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings data on Tuesday, November 22nd. The company reported $0.77 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.77. Jacobs Engineering Group had a net margin of 1.84% and a return on equity of 8.58%. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same period in the prior year, the firm posted $0.80 EPS. The company’s quarterly revenue was down 15.3% compared to the same quarter last year. Equities analysts predict that Jacobs Engineering Group Inc. will post $3.08 earnings per share for the current fiscal year.

In other Jacobs Engineering Group news, Director Noel G. Watson sold 66,668 shares of the 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 sale, the director now directly owns 736,669 shares of the company’s stock, valued at approximately $38,093,153.99. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Terence D. Hagen sold 18,639 shares of the stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $54.73, for a total transaction of $1,020,112.47. Following the completion of the sale, the insider now directly owns 27,022 shares in the company, valued at $1,478,914.06. The disclosure for this sale can be found here. 3.16% of the stock is currently owned by company insiders.

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

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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.

5 Day Chart for NYSE:JEC

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