Jacobs Engineering Group Inc (JEC) Updates FY17 Earnings Guidance

Jacobs Engineering Group Inc (NYSE:JEC) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $3.00-3.30 for the period, compared to the Thomson Reuters consensus estimate of $3.11.

Several research analysts have recently commented on the stock. Robert W. Baird reaffirmed a neutral rating and set a $64.00 target price (up from $62.00) on shares of Jacobs Engineering Group in a report on Friday, May 12th. Credit Suisse Group AG reissued a buy rating and issued a $69.00 price objective on shares of Jacobs Engineering Group in a research note on Friday, April 21st. Zacks Investment Research raised shares of Jacobs Engineering Group from a hold rating to a buy rating and set a $62.00 price objective on the stock in a research note on Tuesday, April 11th. DA Davidson reissued a neutral rating on shares of Jacobs Engineering Group in a research note on Thursday, February 9th. Finally, Jefferies Group LLC restated a hold rating and issued a $61.00 target price (down previously from $64.00) on shares of Jacobs Engineering Group in a research report on Thursday, February 9th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $61.11.

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

Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings results on Tuesday, May 9th. The construction company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.07. Jacobs Engineering Group had a net margin of 2.10% and a return on equity of 8.33%. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.63 billion. During the same quarter in the prior year, the company posted $0.75 EPS. The firm’s revenue for the quarter was down 17.2% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Friday, May 19th will be given a $0.15 dividend. The ex-dividend date is Wednesday, May 17th. This represents a $0.60 annualized dividend and a dividend yield of 1.17%.

TRADEMARK VIOLATION NOTICE: “Jacobs Engineering Group Inc (JEC) Updates FY17 Earnings Guidance” was originally published by Markets Daily and is the property of of Markets Daily. If you are viewing this report on another site, it was stolen and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://www.themarketsdaily.com/2017/05/10/jacobs-engineering-group-inc-jec-releases-fy17-earnings-guidance.html.

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.

12 Month Chart for NYSE:JEC

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

Leave a Reply