Analysts Expect Jacobs Engineering Group Inc (JEC) Will Announce Quarterly Sales of $3.52 Billion

Analysts expect that Jacobs Engineering Group Inc (NYSE:JEC) will announce sales of $3.52 billion for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Jacobs Engineering Group’s earnings. The highest sales estimate is $3.61 billion and the lowest is $3.41 billion. Jacobs Engineering Group posted sales of $2.30 billion in the same quarter last year, which would indicate a positive year over year growth rate of 53%. The business is expected to announce its next quarterly earnings report before the market opens on Tuesday, May 8th.

On average, analysts expect that Jacobs Engineering Group will report full year sales of $14.26 billion for the current financial year, with estimates ranging from $13.92 billion to $15.08 billion. For the next financial year, analysts anticipate that the firm will post sales of $16.05 billion per share, with estimates ranging from $15.50 billion to $17.09 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Jacobs Engineering Group.

Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings results on Wednesday, February 7th. The construction company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.10. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.56 billion. Jacobs Engineering Group had a return on equity of 8.59% and a net margin of 2.30%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 EPS.

Several research analysts have recently weighed in on JEC shares. Credit Suisse Group reiterated a “buy” rating on shares of Jacobs Engineering Group in a research note on Wednesday, February 28th. Robert W. Baird set a $75.00 target price on Jacobs Engineering Group and gave the stock a “hold” rating in a research note on Wednesday, February 7th. Goldman Sachs upgraded Jacobs Engineering Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 3rd. ValuEngine upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Deutsche Bank upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $72.00 to $73.00 in a research note on Thursday, March 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $74.62.

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of Montreal Can raised its holdings in shares of Jacobs Engineering Group by 40.5% in the 4th quarter. Bank of Montreal Can now owns 158,040 shares of the construction company’s stock valued at $10,424,000 after acquiring an additional 45,548 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Jacobs Engineering Group by 53.1% in the 4th quarter. Deutsche Bank AG now owns 515,634 shares of the construction company’s stock valued at $34,008,000 after acquiring an additional 178,806 shares in the last quarter. Deane Retirement Strategies Inc. purchased a new stake in shares of Jacobs Engineering Group in the 4th quarter valued at about $1,832,000. First American Trust FSB purchased a new stake in shares of Jacobs Engineering Group in the 4th quarter valued at about $1,613,000. Finally, BP PLC purchased a new stake in shares of Jacobs Engineering Group in the 4th quarter valued at about $923,000. Institutional investors and hedge funds own 82.24% of the company’s stock.

Shares of JEC stock traded down $0.50 on Friday, hitting $60.00. 770,718 shares of the stock were exchanged, compared to its average volume of 1,130,931. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.48. The company has a market capitalization of $8,571.12, a price-to-earnings ratio of 18.52, a PEG ratio of 1.13 and a beta of 1.47. Jacobs Engineering Group has a one year low of $49.31 and a one year high of $72.18.

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Jacobs Engineering Group Company Profile

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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Earnings History and Estimates for Jacobs Engineering Group (NYSE:JEC)

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