FY2022 EPS Estimates for Jacobs Engineering Group Inc. Reduced by Analyst (NYSE:J)

Jacobs Engineering Group Inc. (NYSE:JGet Rating) – Equities research analysts at William Blair reduced their FY2022 EPS estimates for Jacobs Engineering Group in a research note issued to investors on Monday, August 1st. William Blair analyst L. Dipalma now forecasts that the company will post earnings of $6.93 per share for the year, down from their prior estimate of $7.07. The consensus estimate for Jacobs Engineering Group’s current full-year earnings is $6.94 per share. William Blair also issued estimates for Jacobs Engineering Group’s Q4 2022 earnings at $1.79 EPS and FY2023 earnings at $7.32 EPS.

Jacobs Engineering Group (NYSE:JGet Rating) last posted its quarterly earnings data on Monday, August 1st. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.06. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Jacobs Engineering Group had a net margin of 3.16% and a return on equity of 14.45%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company posted $1.64 EPS.

J has been the subject of several other research reports. Royal Bank of Canada decreased their price target on shares of Jacobs Engineering Group from $160.00 to $155.00 and set an “outperform” rating for the company in a research report on Thursday. Credit Suisse Group decreased their price target on shares of Jacobs Engineering Group from $159.00 to $154.00 and set an “outperform” rating for the company in a research report on Tuesday. StockNews.com raised shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research report on Friday, May 6th. Finally, Citigroup reduced their price objective on shares of Jacobs Engineering Group from $155.00 to $151.00 and set a “buy” rating on the stock in a report on Tuesday. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $158.57.

Jacobs Engineering Group Stock Performance

NYSE:J opened at $127.50 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.25 and a current ratio of 1.43. The stock has a market capitalization of $16.27 billion, a P/E ratio of 35.81, a PEG ratio of 1.55 and a beta of 0.83. The company has a 50 day moving average price of $128.38 and a 200 day moving average price of $131.47. Jacobs Engineering Group has a fifty-two week low of $114.11 and a fifty-two week high of $150.32.

Hedge Funds Weigh In On Jacobs Engineering Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Perkins Coie Trust Co acquired a new position in shares of Jacobs Engineering Group in the first quarter valued at approximately $29,000. Riverview Trust Co acquired a new position in Jacobs Engineering Group during the first quarter worth approximately $31,000. Clear Street Markets LLC increased its position in Jacobs Engineering Group by 405.7% during the second quarter. Clear Street Markets LLC now owns 268 shares of the company’s stock worth $34,000 after purchasing an additional 215 shares during the last quarter. CX Institutional acquired a new position in Jacobs Engineering Group during the second quarter worth approximately $35,000. Finally, Lazard Asset Management LLC acquired a new position in Jacobs Engineering Group during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Jacobs Engineering Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, July 29th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Thursday, July 28th. Jacobs Engineering Group’s payout ratio is currently 25.84%.

Jacobs Engineering Group Company Profile

(Get Rating)

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.

Recommended Stories

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.