The Analyst lowers the estimated Q2 2017 for Jacobs Engineering Group Inc. (JEC)

The Analyst lowers the estimated Q2 2017 for Jacobs Engineering Group Inc. (JEC)

Jacobs Engineering Group Inc. (NYSE:JEC) – Equities research analysts at DA Davidson decreased their Q2 2017 earnings estimates for shares of Jacobs Engineering Group in a research note issued on Wednesday. DA Davidson analyst J. Rogers now forecasts that the firm will post earnings of $0.79 per share for the quarter, down from their previous estimate of $0.80. DA Davidson has a “Neutral” rating and a $62.00 price objective on the stock. DA Davidson also issued estimates for Jacobs Engineering Group’s Q3 2017 earnings at $0.87 EPS, Q4 2017 earnings at $0.90 EPS, FY2017 earnings at $3.15 EPS and FY2018 earnings at $3.65 EPS.

Other equities analysts have also issued research reports about the company. Johnson Rice lowered Jacobs Engineering Group from an “accumulate” rating to a “hold” rating in a research note on Thursday, August 11th. Credit Suisse Group AG increased their price target 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. FBR & Co increased their price target on Jacobs Engineering Group from $47.00 to $55.00 and gave the stock a “mkt perform” rating in a research report on Friday, August 12th. TheStreet downgraded Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Monday, October 17th. Finally, MKM Partners set a $57.00 price target on Jacobs Engineering Group and gave the stock a “hold” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $51.41.

Shares of Jacobs Engineering Group (NYSE:JEC) opened at 62.17 on Monday. The company has a market cap of $7.55 billion, a P/E ratio of 36.04 and a beta of 1.61. The stock’s 50 day moving average price is $53.28 and its 200-day moving average price is $52.11. Jacobs Engineering Group has a 52-week low of $34.76 and a 52-week high of $62.27.

Several hedge funds and other institutional investors have recently made changes to their positions in JEC. Gateway Investment Advisers LLC boosted its position in shares of Jacobs Engineering Group by 0.9% in the second quarter. Gateway Investment Advisers LLC now owns 8,637 shares of the company’s stock worth $430,000 after buying an additional 74 shares during the last quarter. Forte Capital LLC ADV boosted its position in shares of Jacobs Engineering Group by 4.2% in the second quarter. Forte Capital LLC ADV now owns 32,288 shares of the company’s stock worth $1,608,000 after buying an additional 1,295 shares during the last quarter. Alpha Windward LLC boosted its position in shares of Jacobs Engineering Group by 1,063.2% in the second quarter. Alpha Windward LLC now owns 8,829 shares of the company’s stock worth $440,000 after buying an additional 8,070 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in shares of Jacobs Engineering Group by 0.7% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 104,155 shares of the company’s stock worth $5,188,000 after buying an additional 761 shares during the last quarter. Finally, Exxonmobil Investment Management Inc. TX boosted its position in shares of Jacobs Engineering Group by 5.8% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 31,560 shares of the company’s stock worth $1,572,000 after buying an additional 1,725 shares during the last quarter. Institutional investors own 86.63% of the company’s stock.

In other news, Director Noel G. Watson sold 66,668 shares of the stock in a transaction 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 completion of the transaction, the director now directly owns 736,669 shares in the company, valued at approximately $38,093,153.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.16% of the stock is owned by insiders.

Jacobs Engineering Group Company Profile

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