Jacobs Engineering Group Inc. to Issue Quarterly Dividend of $0.15 (JEC)
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.
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.
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