Media headlines about Jacobs Engineering Group (NYSE:JEC) have been trending positive recently, Alpha One Sentiment reports. The research group, a subsidiary of Accern, identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Jacobs Engineering Group earned a media sentiment score of 0.38 on Alpha One’s scale. Alpha One also assigned media headlines about the construction company an impact score of 97 out of 100, indicating that recent news coverage is extremely likely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Alpha One’s rankings:
- Jacobs Engineering Group Inc (JEC) Moves 3.27% – DARC News (darcnews.com)
- Saudi Aramco and Jacobs Create Joint Venture for Social Infrastructure Program Management Throughout Saudi Arabia and Across Region (finance.yahoo.com)
- Jacobs Engineering Group Inc. (NYSE:JEC) Company Valuation & Investor Review – Pearson Press (pearsonnewspress.com)
- Relative Strength Alert For Jacobs Engineering Group – Nasdaq (nasdaq.com)
- Jacobs (JEC) Wins New U.S. Army Contract Worth Over $130M (finance.yahoo.com)
Shares of Jacobs Engineering Group (NYSE:JEC) traded up 3.13% during midday trading on Friday, hitting $53.01. 1,382,478 shares of the stock traded hands. The firm’s 50 day moving average price is $54.15 and its 200 day moving average price is $56.68. Jacobs Engineering Group has a 12-month low of $47.14 and a 12-month high of $63.42. The company has a market capitalization of $6.38 billion, a PE ratio of 30.82 and a beta of 1.66.
Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings data on Tuesday, May 9th. The construction company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.07. Jacobs Engineering Group had a return on equity of 8.33% and a net margin of 2.10%. The company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.63 billion. During the same quarter in the prior year, the business posted $0.75 EPS. The business’s revenue was down 17.2% compared to the same quarter last year. Analysts expect that Jacobs Engineering Group will post $3.13 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, May 19th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Wednesday, May 17th.
Several equities analysts have commented on the company. Zacks Investment Research upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a report on Tuesday, January 24th. Credit Suisse Group AG set a $71.00 price target on Jacobs Engineering Group and gave the company a “buy” rating in a report on Wednesday, February 8th. DA Davidson reiterated a “neutral” rating on shares of Jacobs Engineering Group in a report on Thursday, February 9th. Jefferies Group LLC reiterated a “hold” rating and set a $61.00 price target (down previously from $64.00) on shares of Jacobs Engineering Group in a report on Thursday, February 9th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $64.00 price target (up previously from $62.00) on shares of Jacobs Engineering Group in a report on Friday, May 12th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $61.11.
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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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