Analysts Expect Jacobs Engineering Group Inc. (NYSE:J) to Post $1.48 Earnings Per Share

Equities research analysts expect Jacobs Engineering Group Inc. (NYSE:J) to announce $1.48 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Jacobs Engineering Group’s earnings. The highest EPS estimate is $1.52 and the lowest is $1.41. Jacobs Engineering Group posted earnings of $1.26 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 17.5%. The company is expected to announce its next quarterly earnings results before the market opens on Tuesday, August 3rd.

According to Zacks, analysts expect that Jacobs Engineering Group will report full year earnings of $6.12 per share for the current fiscal year, with EPS estimates ranging from $6.00 to $6.25. For the next financial year, analysts expect that the company will post earnings of $7.10 per share, with EPS estimates ranging from $6.85 to $7.23. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Jacobs Engineering Group.

Jacobs Engineering Group (NYSE:J) last announced its quarterly earnings data on Monday, May 10th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.29. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.47 billion. Jacobs Engineering Group had a return on equity of 13.08% and a net margin of 4.34%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.39 EPS.

J has been the topic of several research analyst reports. KeyCorp lifted their price target on Jacobs Engineering Group from $124.00 to $149.00 and gave the stock an “overweight” rating in a research report on Monday, April 19th. lifted their price target on Jacobs Engineering Group from $156.00 to $164.00 in a research report on Tuesday, May 11th. Stifel Nicolaus boosted their target price on Jacobs Engineering Group from $128.00 to $170.00 and gave the company a “buy” rating in a report on Monday, April 19th. They noted that the move was a valuation call. Benchmark boosted their target price on Jacobs Engineering Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, May 11th. Finally, Citigroup boosted their target price on Jacobs Engineering Group from $156.00 to $164.00 in a report on Tuesday, May 11th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Jacobs Engineering Group currently has a consensus rating of “Buy” and a consensus price target of $139.25.

In related news, Director Christopher M.T. Thompson bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 26th. The stock was bought at an average price of $140.22 per share, with a total value of $1,402,200.00. Following the completion of the transaction, the director now directly owns 31,611 shares of the company’s stock, valued at $4,432,494.42. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of J. Price T Rowe Associates Inc. MD boosted its holdings in Jacobs Engineering Group by 22.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,840,764 shares of the company’s stock valued at $755,036,000 after purchasing an additional 1,073,412 shares during the last quarter. BlackRock Inc. increased its position in Jacobs Engineering Group by 5.7% in the 1st quarter. BlackRock Inc. now owns 8,450,224 shares of the company’s stock valued at $1,092,359,000 after acquiring an additional 456,714 shares during the period. Morgan Stanley increased its position in Jacobs Engineering Group by 121.4% in the 4th quarter. Morgan Stanley now owns 538,924 shares of the company’s stock valued at $58,720,000 after acquiring an additional 295,559 shares during the period. Captrust Financial Advisors increased its position in Jacobs Engineering Group by 1,448.7% in the 1st quarter. Captrust Financial Advisors now owns 219,728 shares of the company’s stock valued at $28,404,000 after acquiring an additional 205,540 shares during the period. Finally, Nuveen Asset Management LLC increased its position in Jacobs Engineering Group by 34.3% in the 1st quarter. Nuveen Asset Management LLC now owns 722,671 shares of the company’s stock valued at $93,419,000 after acquiring an additional 184,471 shares during the period. 86.89% of the stock is owned by hedge funds and other institutional investors.

Shares of J traded down $1.12 during midday trading on Thursday, hitting $132.57. The company had a trading volume of 4,972 shares, compared to its average volume of 546,054. The company has a 50-day moving average price of $136.47. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $17.26 billion, a price-to-earnings ratio of 29.51, a P/E/G ratio of 1.70 and a beta of 0.88. Jacobs Engineering Group has a 1 year low of $82.92 and a 1 year high of $145.97.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 27th. Stockholders of record on Friday, July 30th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend is Thursday, July 29th. Jacobs Engineering Group’s payout ratio is 15.33%.

About Jacobs Engineering Group

Jacobs Engineering Group, Inc engages in the provision of a diverse range of technical, professional, and construction services to industrial, commercial, and governmental clients. The firm operates through Critical Mission Solutions, and People and Places Solutions segments. The company was founded by Joseph J.

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

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