Jacobs Engineering Group Inc. (NYSE:JEC) Announces $0.15 Quarterly Dividend
Jacobs Engineering Group Inc. (NYSE:JEC) declared a quarterly dividend on Tuesday, July 18th, RTT News reports. Shareholders of record on Friday, August 4th will be given a dividend of 0.15 per share by the construction company on Friday, September 1st. This represents a $0.60 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, August 2nd.
Jacobs Engineering Group has a dividend payout ratio of 19.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Jacobs Engineering Group to earn $3.38 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 17.8%.
Shares of Jacobs Engineering Group (NYSE JEC) opened at 52.48 on Monday. Jacobs Engineering Group has a 12 month low of $49.15 and a 12 month high of $63.42. The firm has a market capitalization of $6.32 billion, a P/E ratio of 30.51 and a beta of 1.52. The stock has a 50 day moving average price of $53.67 and a 200 day moving average price of $55.02.
Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings data on Tuesday, May 9th. The construction company reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.07. Jacobs Engineering Group had a net margin of 2.05% and a return on equity of 8.56%. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.63 billion. During the same period in the previous year, the business posted $0.75 EPS. The business’s quarterly revenue was down 17.2% on a year-over-year basis. On average, analysts expect that Jacobs Engineering Group will post $3.13 earnings per share for the current year.
A number of equities research analysts recently commented on the stock. Jefferies Group LLC reiterated a “hold” rating and set a $61.00 price target on shares of Jacobs Engineering Group in a report on Friday. Citigroup Inc. lowered shares of Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 price objective for the company. in a report on Thursday. BidaskClub downgraded shares of Jacobs Engineering Group from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Robert W. Baird reaffirmed a “neutral” rating and issued a $64.00 target price (up from $62.00) on shares of Jacobs Engineering Group in a research report on Friday, May 12th. Finally, Credit Suisse Group reissued a “buy” rating and set a $69.00 price objective on shares of Jacobs Engineering Group in a research report on Friday, April 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and four 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 $60.73.
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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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