Jacobs Engineering Group Inc. (NYSE:JEC) – Research analysts at William Blair raised their FY2017 earnings per share (EPS) estimates for shares of Jacobs Engineering Group in a note issued to investors on Wednesday. William Blair analyst C. Jacobson now expects that the firm will earn $3.05 per share for the year, up from their previous forecast of $3.00.

Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings results on Tuesday, November 22nd. The company reported $0.77 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.77. Jacobs Engineering Group had a net margin of 1.92% and a return on equity of 8.48%. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same period last year, the firm earned $0.80 earnings per share. The company’s quarterly revenue was down 15.3% on a year-over-year basis. TRADEMARK VIOLATION NOTICE: “FY2017 EPS Estimates for Jacobs Engineering Group Inc. (JEC) Boosted by William Blair” was originally published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this report on another site, it was stolen and republished in violation of United States and international copyright & trademark law. The correct version of this report can be read at https://www.thecerbatgem.com/2016/11/28/fy2017-eps-estimates-for-jacobs-engineering-group-inc-jec-boosted-by-william-blair.html.

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

A number of other research analysts also recently issued reports on the stock. MKM Partners set a $57.00 price objective on shares of Jacobs Engineering Group and gave the stock a “hold” rating in a research report on Thursday. Deutsche Bank AG lifted their price objective on shares of Jacobs Engineering Group from $50.00 to $60.00 and gave the stock a “hold” rating in a research report on Wednesday, November 23rd. Credit Suisse Group AG lifted their price objective on shares of Jacobs Engineering Group from $60.00 to $66.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 23rd. TheStreet raised shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research report on Monday, November 21st. Finally, DA Davidson downgraded shares of Jacobs Engineering Group from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $60.00 to $62.00 in a research report on Wednesday, November 16th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. Jacobs Engineering Group currently has an average rating of “Hold” and a consensus target price of $51.41.

Jacobs Engineering Group (NYSE:JEC) opened at 62.17 on Monday. Jacobs Engineering Group has a 52-week low of $34.76 and a 52-week high of $62.27. The company has a market capitalization of $7.55 billion, a P/E ratio of 36.04 and a beta of 1.61. The firm has a 50-day moving average of $53.28 and a 200 day moving average of $52.11.

A number of large investors have recently modified their holdings of the company. 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 worth $23,878,000 after buying an additional 93,600 shares during the last quarter. 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 worth $11,964,000 after buying an additional 5,443 shares during the last quarter. 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 worth $647,000 after buying an additional 282 shares during the last quarter. Notis McConarty Edward acquired a new stake in Jacobs Engineering Group during the second quarter worth about $224,000. Finally, Legal & General Group Plc raised its stake in Jacobs Engineering Group by 0.5% in the first quarter. Legal & General Group Plc now owns 606,665 shares of the company’s stock worth $26,420,000 after buying an additional 2,740 shares during the last quarter. 86.63% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “FY2017 EPS Estimates for Jacobs Engineering Group Inc. (JEC) Boosted by William Blair” was originally published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this report on another site, it was stolen and republished in violation of United States and international copyright & trademark law. The correct version of this report can be read at https://www.thecerbatgem.com/2016/11/28/fy2017-eps-estimates-for-jacobs-engineering-group-inc-jec-boosted-by-william-blair.html.

In related news, Director Noel G. Watson sold 66,668 shares of the business’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 directly owns 736,669 shares in the company, valued at approximately $38,093,153.99. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.16% of the stock is currently owned by corporate insiders.

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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