Jacobs Engineering Group Inc. (NYSE:JEC) – Equities researchers at William Blair boosted their FY2017 EPS estimates for shares of Jacobs Engineering Group in a report issued on Wednesday. William Blair analyst C. Jacobson now expects that the firm will earn $3.05 per share for the year, up from their prior estimate of $3.00.

Several other research analysts have also weighed in on the company. MKM Partners set a $57.00 price objective on Jacobs Engineering Group and gave the stock a “hold” rating in a research report on Thursday, November 24th. Zacks Investment Research raised Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research report on Monday. Credit Suisse Group AG lifted their price objective on Jacobs Engineering Group from $60.00 to $66.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 23rd. Deutsche Bank AG lifted their price objective on Jacobs Engineering Group from $50.00 to $60.00 and gave the stock a “hold” rating in a research report on Wednesday, November 23rd. Finally, TheStreet raised Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research report on Monday, November 21st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $51.41.

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

WARNING: “FY2017 EPS Estimates for Jacobs Engineering Group Inc. Raised by William Blair (JEC)” was first posted by Financial Market News and is owned by of Financial Market News. If you are viewing this story on another website, it was illegally copied and reposted in violation of US and international copyright & trademark laws. The original version of this story can be viewed at http://www.financial-market-news.com/fy2017-eps-estimates-for-jacobs-engineering-group-inc-raised-by-william-blair-jec/1208386/.

Jacobs Engineering Group (NYSE:JEC) opened at 61.92 on Monday. The company’s 50-day moving average price is $53.57 and its 200 day moving average price is $52.22. The firm has a market capitalization of $7.48 billion, a PE ratio of 35.79 and a beta of 1.61. Jacobs Engineering Group has a 12 month low of $34.76 and a 12 month high of $62.62.

Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings results on Tuesday, November 22nd. The company reported $0.77 EPS for the quarter, meeting the consensus estimate of $0.77. Jacobs Engineering Group had a return on equity of 8.48% and a net margin of 1.92%. The firm earned $2.64 billion during the quarter, compared to analysts’ expectations of $2.78 billion. During the same period in the prior year, the firm posted $0.80 earnings per share. The business’s quarterly revenue was down 15.3% compared to the same quarter last year.

Institutional investors have recently made changes to their positions in the company. Integrated Investment Consultants LLC increased its position in shares of Jacobs Engineering Group by 2.1% in the second quarter. Integrated Investment Consultants LLC now owns 2,048 shares of the company’s stock worth $102,000 after buying an additional 42 shares during the last quarter. Suntrust Banks Inc. increased its position in shares of Jacobs Engineering Group by 0.3% in the second quarter. Suntrust Banks Inc. now owns 19,544 shares of the company’s stock worth $972,000 after buying an additional 63 shares during the last quarter. LPL Financial LLC increased its position in shares of Jacobs Engineering Group by 0.3% in the first quarter. LPL Financial LLC now owns 25,460 shares of the company’s stock worth $1,080,000 after buying an additional 64 shares during the last quarter. Parametrica Management Ltd increased its position in shares of Jacobs Engineering Group by 1.5% in the third quarter. Parametrica Management Ltd now owns 4,361 shares of the company’s stock worth $226,000 after buying an additional 64 shares during the last quarter. Finally, World Asset Management Inc increased its position in shares of Jacobs Engineering Group by 0.6% in the second quarter. World Asset Management Inc now owns 11,383 shares of the company’s stock worth $567,000 after buying an additional 71 shares during the last quarter. Hedge funds and other institutional investors own 86.63% of the company’s stock.

WARNING: “FY2017 EPS Estimates for Jacobs Engineering Group Inc. Raised by William Blair (JEC)” was first posted by Financial Market News and is owned by of Financial Market News. If you are viewing this story on another website, it was illegally copied and reposted in violation of US and international copyright & trademark laws. The original version of this story can be viewed at http://www.financial-market-news.com/fy2017-eps-estimates-for-jacobs-engineering-group-inc-raised-by-william-blair-jec/1208386/.

In other news, Director Noel G. Watson sold 66,668 shares of the business’s stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $51.71, for a total value of $3,447,402.28. Following the transaction, the director now owns 736,669 shares in the company, valued at approximately $38,093,153.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.16% of the stock is owned by insiders.

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.

5 Day Chart for NYSE:JEC

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