Zacks: Analysts Expect Jacobs Engineering Group Inc (JEC) Will Announce Quarterly Sales of $3.52 Billion
Wall Street analysts expect Jacobs Engineering Group Inc (NYSE:JEC) to post sales of $3.52 billion for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Jacobs Engineering Group’s earnings, with the lowest sales estimate coming in at $3.40 billion and the highest estimate coming in at $3.61 billion. Jacobs Engineering Group posted sales of $2.30 billion during the same quarter last year, which suggests a positive year over year growth rate of 53%. The business is scheduled to issue its next earnings report on Tuesday, May 8th.
On average, analysts expect that Jacobs Engineering Group will report full-year sales of $3.52 billion for the current financial year, with estimates ranging from $13.90 billion to $15.08 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $15.95 billion per share, with estimates ranging from $15.50 billion to $17.09 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Jacobs Engineering Group.
Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings results on Wednesday, February 7th. The construction company reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.10. Jacobs Engineering Group had a net margin of 2.30% and a return on equity of 8.59%. The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period in the previous year, the business posted $0.68 EPS. The company’s quarterly revenue was up 7.8% on a year-over-year basis.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in JEC. Crossmark Global Holdings Inc. bought a new stake in shares of Jacobs Engineering Group in the 3rd quarter worth approximately $913,000. Canada Pension Plan Investment Board raised its holdings in shares of Jacobs Engineering Group by 10.2% in the 3rd quarter. Canada Pension Plan Investment Board now owns 202,276 shares of the construction company’s stock worth $11,787,000 after purchasing an additional 18,700 shares in the last quarter. State of Wisconsin Investment Board raised its holdings in shares of Jacobs Engineering Group by 166.0% in the 3rd quarter. State of Wisconsin Investment Board now owns 280,229 shares of the construction company’s stock worth $16,329,000 after purchasing an additional 174,874 shares in the last quarter. Swiss National Bank raised its holdings in shares of Jacobs Engineering Group by 0.4% in the 3rd quarter. Swiss National Bank now owns 442,643 shares of the construction company’s stock worth $25,793,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC raised its holdings in shares of Jacobs Engineering Group by 20.8% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 5,736 shares of the construction company’s stock worth $334,000 after purchasing an additional 986 shares in the last quarter. Institutional investors and hedge funds own 82.19% of the company’s stock.
Shares of Jacobs Engineering Group (NYSE JEC) opened at $60.80 on Friday. The firm has a market cap of $8,613.60, a PE ratio of 18.31, a P/E/G ratio of 1.13 and a beta of 1.54. Jacobs Engineering Group has a 52-week low of $49.31 and a 52-week high of $72.18. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.48 and a quick ratio of 1.48.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 16th will be issued a $0.15 dividend. The ex-dividend date is Thursday, February 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.99%. Jacobs Engineering Group’s payout ratio is currently 30.77%.
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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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