FY2022 EPS Estimates for Jacobs Engineering Group Inc. Decreased by KeyCorp (NYSE:J)

Jacobs Engineering Group Inc. (NYSE:JGet Rating) – Investment analysts at KeyCorp decreased their FY2022 EPS estimates for Jacobs Engineering Group in a report issued on Monday, August 1st. KeyCorp analyst S. Eastman now anticipates that the company will post earnings of $6.94 per share for the year, down from their previous forecast of $7.01. The consensus estimate for Jacobs Engineering Group’s current full-year earnings is $7.06 per share. KeyCorp also issued estimates for Jacobs Engineering Group’s FY2023 earnings at $7.78 EPS, FY2024 earnings at $8.73 EPS and FY2025 earnings at $9.64 EPS.

Other equities analysts also recently issued reports about the company. StockNews.com upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating in a report on Friday, May 6th. Credit Suisse Group reduced their price objective on shares of Jacobs Engineering Group from $159.00 to $154.00 and set a “maintains” rating for the company in a research note on Tuesday. Citigroup dropped their target price on shares of Jacobs Engineering Group from $155.00 to $151.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Royal Bank of Canada started coverage on shares of Jacobs Engineering Group in a research report on Wednesday, April 27th. They set an “outperform” rating and a $173.00 price target for the company. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $161.14.

Jacobs Engineering Group Trading Down 0.1 %

NYSE:J opened at $127.70 on Wednesday. Jacobs Engineering Group has a one year low of $114.11 and a one year high of $150.32. The company’s 50-day simple moving average is $128.82 and its 200 day simple moving average is $131.51. The firm has a market capitalization of $16.43 billion, a P/E ratio of 35.87, a PEG ratio of 1.58 and a beta of 0.83. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.43 and a quick ratio of 1.25.

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

Jacobs Engineering Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, July 29th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Thursday, July 28th. Jacobs Engineering Group’s dividend payout ratio (DPR) is currently 25.84%.

Institutional Investors Weigh In On Jacobs Engineering Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Perkins Coie Trust Co bought a new position in shares of Jacobs Engineering Group in the first quarter worth about $29,000. Riverview Trust Co purchased a new position in Jacobs Engineering Group in the 1st quarter worth approximately $31,000. Clear Street Markets LLC boosted its stake in Jacobs Engineering Group by 405.7% in the 2nd 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 period. CX Institutional purchased a new stake in Jacobs Engineering Group during the 2nd quarter valued at approximately $35,000. Finally, Lazard Asset Management LLC bought a new stake in shares of Jacobs Engineering Group during the fourth quarter valued at approximately $37,000. Institutional investors own 85.23% of the company’s stock.

About Jacobs Engineering Group

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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.

Further Reading

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

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