Brokerages Expect Jacobs Engineering Group Inc. (NYSE:J) Will Post Quarterly Sales of $3.47 Billion


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Wall Street analysts predict that Jacobs Engineering Group Inc. (NYSE:J) will post $3.47 billion in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Jacobs Engineering Group’s earnings. The lowest sales estimate is $3.44 billion and the highest is $3.52 billion. Jacobs Engineering Group posted sales of $3.43 billion during the same quarter last year, which suggests a positive year over year growth rate of 1.2%. The company is scheduled to announce its next quarterly earnings results before the market opens on Monday, May 10th.

On average, analysts expect that Jacobs Engineering Group will report full year sales of $13.91 billion for the current year, with estimates ranging from $13.68 billion to $14.27 billion. For the next financial year, analysts expect that the business will post sales of $14.58 billion, with estimates ranging from $14.14 billion to $15.19 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Jacobs Engineering Group.

Jacobs Engineering Group (NYSE:J) last announced its quarterly earnings results on Monday, February 8th. The company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.16. The firm had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.40 billion. Jacobs Engineering Group had a net margin of 3.63% and a return on equity of 12.43%. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 EPS.

J has been the subject of several analyst reports. Benchmark boosted their target price on Jacobs Engineering Group from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, March 11th. Robert W. Baird lowered Jacobs Engineering Group from an “outperform” rating to a “neutral” rating and set a $118.00 price target on the stock. in a research report on Tuesday, January 5th. Barclays boosted their price target on Jacobs Engineering Group from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, January 15th. Finally, Credit Suisse Group lifted their target price on shares of Jacobs Engineering Group from $131.00 to $134.00 and gave the company an “outperform” rating in a report on Wednesday, February 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company. Jacobs Engineering Group has a consensus rating of “Buy” and a consensus target price of $116.38.

Shares of NYSE J traded down $0.13 during trading on Wednesday, reaching $133.78. The stock had a trading volume of 669,360 shares, compared to its average volume of 671,093. The company has a market cap of $17.40 billion, a P/E ratio of 36.06, a PEG ratio of 1.76 and a beta of 0.90. Jacobs Engineering Group has a fifty-two week low of $69.17 and a fifty-two week high of $136.19. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.54 and a current ratio of 1.54. The business’s 50-day moving average price is $125.14 and its 200-day moving average price is $110.32.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 26th. Stockholders of record on Friday, February 26th were issued a dividend of $0.21 per share. The ex-dividend date was Thursday, February 25th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.63%. This is an increase from Jacobs Engineering Group’s previous quarterly dividend of $0.19. Jacobs Engineering Group’s dividend payout ratio (DPR) is currently 15.33%.

In other Jacobs Engineering Group news, SVP Michael R. Tyler sold 4,125 shares of Jacobs Engineering Group stock in a transaction on Wednesday, March 10th. The shares were sold at an average price of $122.11, for a total transaction of $503,703.75. Following the completion of the transaction, the senior vice president now directly owns 26,879 shares of the company’s stock, valued at $3,282,194.69. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Robert V. Pragada sold 21,387 shares of the stock in a transaction that occurred on Monday, April 12th. The stock was sold at an average price of $135.24, for a total value of $2,892,377.88. Following the transaction, the chief operating officer now owns 181,590 shares in the company, valued at approximately $24,558,231.60. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in J. International Assets Investment Management LLC bought a new stake in shares of Jacobs Engineering Group during the 4th quarter valued at about $25,000. Exchange Traded Concepts LLC bought a new position in shares of Jacobs Engineering Group in the fourth quarter valued at approximately $36,000. Exane Derivatives boosted its stake in Jacobs Engineering Group by 61.5% in the fourth quarter. Exane Derivatives now owns 444 shares of the company’s stock valued at $48,000 after acquiring an additional 169 shares during the last quarter. Simon Quick Advisors LLC bought a new position in shares of Jacobs Engineering Group during the 4th quarter worth $53,000. Finally, Graves Light Private Wealth Management Inc. purchased a new stake in shares of Jacobs Engineering Group during the fourth quarter worth $88,000. Institutional investors own 86.97% of the company’s stock.

About Jacobs Engineering Group

Jacobs Engineering Group Inc provides consulting, technical, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, rest of Asia, Australia, New Zealand, South America, Mexico, the Middle East, and Africa. The company operates in two segments, Critical Mission Solutions and People & Places Solutions.

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