Jacobs Engineering Group Inc. (NYSE:JEC) declared a quarterly dividend on Wednesday, September 27th, RTT News reports. Shareholders of record on Friday, October 13th will be given a dividend of 0.15 per share by the construction company on Friday, November 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.03%.

Jacobs Engineering Group has a dividend payout ratio of 19.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Jacobs Engineering Group to earn $3.41 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 17.6%.

Jacobs Engineering Group (NYSE:JEC) opened at 58.34 on Thursday. The firm’s 50-day moving average is $53.34 and its 200-day moving average is $53.88. Jacobs Engineering Group has a 1-year low of $49.16 and a 1-year high of $63.42. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 31.03 and a beta of 1.52.

Jacobs Engineering Group (NYSE:JEC) last announced its earnings results on Tuesday, August 8th. The construction company reported $0.79 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.79. The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Jacobs Engineering Group had a net margin of 2.29% and a return on equity of 8.67%. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter last year, the company posted $0.78 EPS. On average, equities analysts anticipate that Jacobs Engineering Group will post $3.13 EPS for the current year.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another website, it was illegally stolen and reposted in violation of United States & international copyright law. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/09/28/jacobs-engineering-group-inc-to-issue-quarterly-dividend-of-0-15-jec.html.

JEC has been the subject of a number of recent analyst reports. KeyCorp reiterated a “buy” rating and set a $60.00 target price on shares of Jacobs Engineering Group in a research report on Friday, August 25th. BidaskClub raised shares of Jacobs Engineering Group from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Zacks Investment Research raised shares of Jacobs Engineering Group from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Jefferies Group LLC reissued a “hold” rating and set a $61.00 price objective on shares of Jacobs Engineering Group in a report on Friday, August 4th. Finally, Citigroup Inc. lowered shares of Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 price objective on the stock. in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Jacobs Engineering Group presently has an average rating of “Hold” and an average target price of $61.89.

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.

Receive News & Stock Ratings for Jacobs Engineering Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jacobs Engineering Group Inc. and related stocks with our FREE daily email newsletter.