Jacobs Engineering Group Inc (NYSE:JEC) Announces Quarterly Dividend of $0.17

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Jacobs Engineering Group Inc (NYSE:JEC) announced a quarterly dividend on Thursday, September 19th, RTT News reports. Investors of record on Friday, October 4th will be paid a dividend of 0.17 per share by the construction company on Friday, November 1st. This represents a $0.68 annualized dividend and a yield of 0.74%.

Jacobs Engineering Group has a payout ratio of 15.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Jacobs Engineering Group to earn $5.52 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 12.3%.

Jacobs Engineering Group stock traded down $0.85 during midday trading on Thursday, hitting $92.32. The stock had a trading volume of 16,777 shares, compared to its average volume of 996,270. The firm’s fifty day moving average is $86.63 and its two-hundred day moving average is $80.46. The company has a market capitalization of $12.56 billion, a PE ratio of 20.61, a P/E/G ratio of 1.74 and a beta of 1.37. Jacobs Engineering Group has a 52-week low of $55.17 and a 52-week high of $94.10. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.17.

Jacobs Engineering Group (NYSE:JEC) last released its earnings results on Monday, August 5th. The construction company reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.15. The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.10 billion. Jacobs Engineering Group had a net margin of 5.06% and a return on equity of 11.11%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.35 EPS. As a group, equities research analysts predict that Jacobs Engineering Group will post 4.85 earnings per share for the current fiscal year.

Several brokerages have recently weighed in on JEC. KeyCorp increased their price objective on shares of Jacobs Engineering Group from $86.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. Credit Suisse Group lifted their target price on Jacobs Engineering Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. Zacks Investment Research upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Friday, August 16th. Cowen restated a “buy” rating and issued a $92.00 price objective on shares of Jacobs Engineering Group in a report on Tuesday, August 20th. Finally, Bank of America restated a “buy” rating and issued a $98.00 price objective on shares of Jacobs Engineering Group in a report on Thursday, August 22nd. Thirteen research analysts have rated the stock with a buy rating, Jacobs Engineering Group currently has a consensus rating of “Buy” and a consensus target price of $87.81.

Jacobs Engineering Group Company Profile

Jacobs Engineering Group Inc provides technical, professional, and construction services. The company's Aerospace, Technology, Environmental and Nuclear segment offers scientific, engineering, construction, nuclear, environmental, and technical support services to the aerospace, defense, technical, and automotive industries.

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Dividend History for Jacobs Engineering Group (NYSE:JEC)

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