Jacobs Engineering Group Inc. (NYSE:JEC) announced a quarterly dividend on Wednesday, September 27th, RTT News reports. Shareholders of record on Friday, October 13th will be paid a dividend of 0.15 per share by the construction company on Friday, November 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Thursday, October 12th.
Jacobs Engineering Group has a dividend payout ratio of 19.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Jacobs Engineering Group to earn $3.41 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 17.6%.
Jacobs Engineering Group (NYSE:JEC) opened at 58.36 on Wednesday. The company has a market cap of $7.02 billion, a PE ratio of 31.04 and a beta of 1.53. The stock’s 50 day moving average price is $55.96 and its 200-day moving average price is $54.17. Jacobs Engineering Group has a 1-year low of $49.16 and a 1-year high of $63.42.
Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.79 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.79. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.52 billion. Jacobs Engineering Group had a net margin of 2.29% and a return on equity of 8.67%. The business’s revenue was down 6.6% on a year-over-year basis. During the same period last year, the business earned $0.78 EPS. On average, analysts forecast that Jacobs Engineering Group will post $3.13 earnings per share for the current year.
Several research analysts have weighed in on the stock. BidaskClub raised shares of Jacobs Engineering Group from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Jefferies Group LLC reissued a “hold” rating and set a $61.00 price objective on shares of Jacobs Engineering Group in a report on Friday, August 4th. Zacks Investment Research raised shares of Jacobs Engineering Group from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. 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. Finally, KeyCorp reissued a “buy” rating and set a $60.00 price objective on shares of Jacobs Engineering Group in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $61.75.
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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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