Jacobs Engineering Group (NYSE:JEC) Announces Quarterly Earnings Results

Jacobs Engineering Group (NYSE:JEC) announced its earnings results on Monday. The construction company reported $1.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.15, Morningstar.com reports. The firm had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.10 billion. Jacobs Engineering Group had a return on equity of 11.16% and a net margin of 2.13%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.35 EPS. Jacobs Engineering Group updated its FY 2019 guidance to $4.75-5.00 EPS and its FY19 guidance to $4.75-5.00 EPS.

JEC stock traded up $3.13 during trading on Tuesday, reaching $84.13. 59,279 shares of the stock were exchanged, compared to its average volume of 794,014. The business’s 50 day simple moving average is $83.52. Jacobs Engineering Group has a twelve month low of $55.17 and a twelve month high of $85.85. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $10.88 billion, a price-to-earnings ratio of 18.80, a P/E/G ratio of 1.41 and a beta of 1.41.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, July 26th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Thursday, July 25th. Jacobs Engineering Group’s dividend payout ratio (DPR) is currently 15.21%.

In related news, Director Joseph R. Bronson sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $76.45, for a total transaction of $764,500.00. Following the transaction, the director now directly owns 35,302 shares of the company’s stock, valued at approximately $2,698,837.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.92% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Weaver Consulting Group bought a new stake in Jacobs Engineering Group during the 1st quarter worth approximately $32,000. Forte Capital LLC ADV increased its holdings in Jacobs Engineering Group by 4.4% during the 1st quarter. Forte Capital LLC ADV now owns 48,740 shares of the construction company’s stock worth $3,665,000 after purchasing an additional 2,058 shares in the last quarter. ZWJ Investment Counsel Inc. increased its holdings in Jacobs Engineering Group by 8.5% during the 1st quarter. ZWJ Investment Counsel Inc. now owns 299,326 shares of the construction company’s stock worth $22,506,000 after purchasing an additional 23,361 shares in the last quarter. Arcadia Investment Management Corp MI bought a new stake in Jacobs Engineering Group during the 2nd quarter worth approximately $25,000. Finally, Dupont Capital Management Corp increased its holdings in Jacobs Engineering Group by 33.4% during the 1st quarter. Dupont Capital Management Corp now owns 5,118 shares of the construction company’s stock worth $385,000 after purchasing an additional 1,280 shares in the last quarter. 93.92% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on JEC. KeyCorp boosted their price objective on Jacobs Engineering Group from $86.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. Credit Suisse Group boosted their price objective on Jacobs Engineering Group from $85.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday. DA Davidson boosted their price objective on Jacobs Engineering Group to $95.00 and gave the company a “buy” rating in a research note on Tuesday. Barclays reissued an “overweight” rating and issued a $85.00 price objective on shares of Jacobs Engineering Group in a research note on Tuesday, April 30th. Finally, ValuEngine downgraded Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $86.19.

About Jacobs Engineering Group

Jacobs Engineering Group Inc provides technical, professional, and construction services. The company's Aerospace, Technology, Environmental and Nuclear segment offers scientific, engineering, construction, nuclear, environmental, and technical support services to the aerospace, defense, technical, and automotive industries.

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Earnings History for Jacobs Engineering Group (NYSE:JEC)

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