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.
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%.
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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