Jacobs Engineering Group Inc. to Post Q2 2017 Earnings of $0.69 Per Share, Jefferies Group Forecasts (JEC)
Jacobs Engineering Group Inc. (NYSE:JEC) – Investment analysts at Jefferies Group issued their Q2 2017 earnings per share (EPS) estimates for Jacobs Engineering Group in a report released on Tuesday. Jefferies Group analyst M. Englert anticipates that the firm will earn $0.69 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $54.00 target price on the stock. Jefferies Group also issued estimates for Jacobs Engineering Group’s Q3 2017 earnings at $0.87 EPS and FY2018 earnings at $3.41 EPS.
Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings data on Tuesday, November 22nd. The company reported $0.77 earnings per share for the quarter, hitting the Thomson Reuters’ 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 1.92% and a return on equity of 8.43%. The company’s revenue was down 15.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 EPS.
A number of other research analysts have also issued reports on JEC. Zacks Investment Research lowered Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. TheStreet raised Jacobs Engineering Group from a “hold” rating to a “buy” rating in a report on Monday. FBR & Co lifted their target price on Jacobs Engineering Group from $47.00 to $55.00 and gave the stock a “mkt perform” rating in a report on Friday, August 12th. Deutsche Bank AG lifted their target price on Jacobs Engineering Group from $50.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, Credit Suisse Group AG reissued a “buy” rating and issued a $60.00 price target on shares of Jacobs Engineering Group in a research note on Tuesday. Two equities research 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 a consensus rating of “Hold” and a consensus target price of $50.25.
Jacobs Engineering Group (NYSE:JEC) traded up 4.00% during mid-day trading on Thursday, reaching $61.69. 1,950,088 shares of the company were exchanged. Jacobs Engineering Group has a 12 month low of $34.76 and a 12 month high of $61.76. The company has a market cap of $7.49 billion, a P/E ratio of 35.76 and a beta of 1.61. The stock’s 50-day moving average is $52.98 and its 200-day moving average is $52.02.
A number of large investors have recently bought and sold shares of JEC. Kovitz Investment Group Partners LLC bought a new stake in Jacobs Engineering Group during the first quarter valued at $96,945,000. British Airways Pensions Investment Management Ltd raised its stake in Jacobs Engineering Group by 24.4% in the second quarter. British Airways Pensions Investment Management Ltd now owns 477,497 shares of the company’s stock valued at $23,878,000 after buying an additional 93,600 shares during the period. New York State Teachers Retirement System raised its stake in Jacobs Engineering Group by 2.3% in the second quarter. New York State Teachers Retirement System now owns 240,197 shares of the company’s stock valued at $11,964,000 after buying an additional 5,443 shares during the period. CIBC Asset Management Inc raised its stake in Jacobs Engineering Group by 2.2% in the second quarter. CIBC Asset Management Inc now owns 12,999 shares of the company’s stock valued at $647,000 after buying an additional 282 shares during the period. Finally, Notis McConarty Edward bought a new stake in Jacobs Engineering Group during the second quarter valued at $224,000. Hedge funds and other institutional investors own 86.86% of the company’s stock.
In related news, Director Noel G. Watson sold 66,668 shares of the business’s stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $51.71, for a total value of $3,447,402.28. Following the completion of the sale, the director now directly owns 736,669 shares in the company, valued at approximately $38,093,153.99. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Terence D. Hagen sold 18,639 shares of the business’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 value of $1,020,112.47. Following the completion of the sale, the insider now owns 27,022 shares of the company’s stock, valued at $1,478,914.06. The disclosure for this sale can be found here. Insiders own 3.16% of the company’s stock.
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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.
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