KeyCorp Comments on Jacobs Engineering Group Inc’s FY2018 Earnings (NYSE:JEC)

Jacobs Engineering Group Inc (NYSE:JEC) – Research analysts at KeyCorp upped their FY2018 EPS estimates for shares of Jacobs Engineering Group in a research report issued on Wednesday, Zacks Investment Research reports. KeyCorp analyst T. Afzal now expects that the construction company will post earnings per share of $3.84 for the year, up from their previous estimate of $3.50. KeyCorp has a “Overweight” rating and a $75.00 price target on the stock. KeyCorp also issued estimates for Jacobs Engineering Group’s FY2019 earnings at $4.62 EPS.

JEC has been the topic of a number of other research reports. Robert W. Baird reissued a “hold” rating and set a $63.00 price objective on shares of Jacobs Engineering Group in a report on Friday, October 6th. Zacks Investment Research lowered Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Thursday, November 23rd. ValuEngine lowered Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Citigroup set a $64.00 target price on Jacobs Engineering Group and gave the company a “hold” rating in a report on Friday, October 27th. Finally, DA Davidson reaffirmed a “hold” rating and issued a $68.00 target price on shares of Jacobs Engineering Group in a report on Wednesday, November 22nd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $69.10.

Jacobs Engineering Group (NYSE JEC) traded up $0.06 on Monday, hitting $69.56. The stock had a trading volume of 1,177,000 shares, compared to its average volume of 1,102,778. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market cap of $8,380.00, a P/E ratio of 28.74, a PEG ratio of 1.40 and a beta of 1.56. Jacobs Engineering Group has a 52 week low of $49.31 and a 52 week high of $69.86.

Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings results on Tuesday, November 21st. The construction company reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.16. Jacobs Engineering Group had a return on equity of 9.18% and a net margin of 2.93%. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same period last year, the business earned $0.77 EPS. The business’s quarterly revenue was up .5% on a year-over-year basis.

In other Jacobs Engineering Group news, Director Joseph R. Bronson sold 6,125 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $63.01, for a total value of $385,936.25. Following the completion of the sale, the director now owns 30,496 shares in the company, valued at approximately $1,921,552.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.74% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of the stock. Scotia Capital Inc. lifted its position in shares of Jacobs Engineering Group by 0.5% during the 2nd quarter. Scotia Capital Inc. now owns 24,145 shares of the construction company’s stock worth $1,313,000 after buying an additional 121 shares during the period. Security National Bank of SO Dak lifted its position in shares of Jacobs Engineering Group by 0.5% during the 2nd quarter. Security National Bank of SO Dak now owns 28,544 shares of the construction company’s stock worth $1,552,000 after buying an additional 146 shares during the period. Comerica Bank lifted its position in shares of Jacobs Engineering Group by 0.6% during the 2nd quarter. Comerica Bank now owns 32,839 shares of the construction company’s stock worth $1,713,000 after buying an additional 182 shares during the period. Security National Bank of Sioux City Iowa IA lifted its position in shares of Jacobs Engineering Group by 0.7% during the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 33,540 shares of the construction company’s stock worth $1,825,000 after buying an additional 233 shares during the period. Finally, Advisor Group Inc. lifted its position in shares of Jacobs Engineering Group by 18.8% during the 2nd quarter. Advisor Group Inc. now owns 2,140 shares of the construction company’s stock worth $117,000 after buying an additional 339 shares during the period. Institutional investors and hedge funds own 72.15% of the company’s stock.

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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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