Jacobs Engineering Group Inc. (NYSE:JEC) – Investment analysts at KeyCorp issued their Q1 2017 earnings estimates for shares of Jacobs Engineering Group in a research report issued on Tuesday. KeyCorp analyst T. Afzal anticipates that the brokerage will post earnings per share of $0.68 for the quarter. KeyCorp also issued estimates for Jacobs Engineering Group’s Q2 2017 earnings at $0.76 EPS, Q3 2017 earnings at $0.90 EPS, Q4 2017 earnings at $0.92 EPS, FY2017 earnings at $3.26 EPS and FY2018 earnings at $3.66 EPS.

Several other equities analysts also recently issued reports on JEC. DA Davidson upped their price objective on shares of Jacobs Engineering Group from $63.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, August 10th. Deutsche Bank AG increased their price target on shares of Jacobs Engineering Group from $53.00 to $54.00 and gave the stock a “hold” rating in a report on Wednesday, August 10th. Jefferies Group reiterated a “buy” rating and issued a $54.00 price target on shares of Jacobs Engineering Group in a report on Wednesday, August 10th. Johnson Rice downgraded shares of Jacobs Engineering Group from an “accumulate” rating to a “hold” rating in a report on Thursday, August 11th. Finally, Zacks Investment Research downgraded shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $50.25.

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

Jacobs Engineering Group (NYSE:JEC) traded up 4.00% during midday trading on Thursday, hitting $61.69. 1,950,088 shares of the stock traded hands. Jacobs Engineering Group has a 12 month low of $34.76 and a 12 month high of $61.76. The company’s 50 day moving average price is $52.98 and its 200 day moving average price is $52.02. The firm has a market cap of $7.49 billion, a PE ratio of 35.76 and a beta of 1.61.

Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings data on Tuesday, November 22nd. The company reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.77. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.78 billion. Jacobs Engineering Group had a net margin of 1.92% and a return on equity of 8.43%. The company’s revenue for the quarter was down 15.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 earnings per share.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Forte Capital LLC ADV raised its position in shares of Jacobs Engineering Group by 4.2% in the second quarter. Forte Capital LLC ADV now owns 32,288 shares of the company’s stock worth $1,608,000 after buying an additional 1,295 shares during the last quarter. Alpha Windward LLC raised its position in shares of Jacobs Engineering Group by 1,063.2% in the second quarter. Alpha Windward LLC now owns 8,829 shares of the company’s stock worth $440,000 after buying an additional 8,070 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its position in shares of Jacobs Engineering Group by 0.7% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 104,155 shares of the company’s stock worth $5,188,000 after buying an additional 761 shares during the last quarter. Exxonmobil Investment Management Inc. TX raised its position in shares of Jacobs Engineering Group by 5.8% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 31,560 shares of the company’s stock worth $1,572,000 after buying an additional 1,725 shares during the last quarter. Finally, British Columbia Investment Management Corp raised its position in shares of Jacobs Engineering Group by 39.9% in the second quarter. British Columbia Investment Management Corp now owns 119,712 shares of the company’s stock worth $5,963,000 after buying an additional 34,143 shares during the last quarter. Institutional investors own 86.86% of the company’s stock.

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

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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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