Jacobs Engineering Group (NYSE:J) Updates FY22 Earnings Guidance

Jacobs Engineering Group (NYSE:J) updated its FY22 earnings guidance on Tuesday. The company provided earnings per share guidance of $6.85-7.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.05. Jacobs Engineering Group also updated its FY 2022 guidance to $6.850-$7.450 EPS.

Shares of Jacobs Engineering Group stock traded up $4.45 during trading hours on Thursday, hitting $148.45. 931,961 shares of the company’s stock traded hands, compared to its average volume of 590,293. The stock has a 50 day simple moving average of $138.14 and a 200-day simple moving average of $136.47. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.50. The company has a market cap of $19.35 billion, a PE ratio of 42.54, a PEG ratio of 1.57 and a beta of 0.85. Jacobs Engineering Group has a twelve month low of $100.05 and a twelve month high of $149.55.

Jacobs Engineering Group (NYSE:J) last announced its earnings results on Tuesday, November 23rd. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.01. The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.80 billion. Jacobs Engineering Group had a return on equity of 13.75% and a net margin of 3.68%. The company’s revenue was up 2.5% on a year-over-year basis. During the same period last year, the firm earned $1.63 earnings per share. As a group, equities research analysts predict that Jacobs Engineering Group will post 6.24 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 29th. Investors of record on Friday, October 15th were paid a $0.21 dividend. The ex-dividend date was Thursday, October 14th. This represents a $0.84 dividend on an annualized basis and a yield of 0.57%. Jacobs Engineering Group’s dividend payout ratio (DPR) is 24.07%.

A number of equities analysts recently commented on J shares. Raymond James started coverage on Jacobs Engineering Group in a research note on Thursday, November 18th. They issued an outperform rating and a $170.00 price target for the company. Citigroup lifted their price target on Jacobs Engineering Group from $165.00 to $170.00 and gave the stock a buy rating in a research note on Wednesday. Credit Suisse Group raised their target price on shares of Jacobs Engineering Group from $156.00 to $162.00 and gave the stock an outperform rating in a report on Wednesday. Finally, Robert W. Baird raised their target price on shares of Jacobs Engineering Group from $145.00 to $161.00 and gave the stock a neutral rating in a report on Wednesday. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Buy and an average target price of $147.54.

In other Jacobs Engineering Group news, CEO Steven J. Demetriou sold 98,739 shares of Jacobs Engineering Group stock in a transaction that occurred on Wednesday, November 17th. The shares were sold at an average price of $145.76, for a total value of $14,392,196.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kevin C. Berryman sold 73,685 shares of Jacobs Engineering Group stock in a transaction that occurred on Wednesday, November 17th. The stock was sold at an average price of $145.74, for a total transaction of $10,738,851.90. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Jacobs Engineering Group Company Profile

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.

Recommended Story: dividend yield calculator

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

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