Jacobs Engineering Group Inc (JEC) Releases Earnings Results, Beats Expectations By $0.03 EPS

Jacobs Engineering Group Inc (JEC) reported quarterly earnings results on Tuesday, Aug-9-2016. The company said it had a profit of $0.78 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.75. The company posted revenue of $2693.87 million in the period, compared to analysts expectations of $2789.12 million. The company’s revenue was down -7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS.

Many Wall Street Analysts have commented on Jacobs Engineering Group Inc. Jacobs Engineering Group Inc was Initiated by MKM Partners to “Neutral” on Jun 29, 2016. Jacobs Engineering Group Inc was Upgraded by Argus to ” Buy” on Jun 3, 2016. Company shares were Reiterated by FBR Capital on May 16, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 47 from a previous price target of $42 .

Jacobs Engineering Group Inc closed down -0.37 points or -0.69% at $53.39 with 11,29,811 shares getting traded on Monday. Post opening the session at $53.92, the shares hit an intraday low of $53.3 and an intraday high of $54.38 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jul 5, 2016, Noel G Watson (director) sold 66,666 shares at $49.28 per share price. According to the SEC, on Jun 15, 2016, Joseph R Bronson (director) sold 2,500 shares at $51.36 per share price. On May 16, 2016, Robert C Jr Davidson (director) sold 2,500 shares at $49.53 per share price, according to the Form-4 filing with the securities and exchange commission.

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. Its services include technical professional services and field services. Its technical professional services include project services and process scientific and systems consulting. Its field services include construction and operations and maintenance (O&M). It offers its services to the industries including aerospace and defense; automotive and industrial; buildings; mining and minerals; nuclear; oil and gas (upstream); petrochemicals and chemicals; pharmaceutical and biotechnology; power and utilities; pulp paper and consumer products; refining (downstream); telecommunications; transportation and water and wastewater. It offers its services in approximately 30 countries. The Company’s products include Chemetics Comprimo sulfur solutions and Modular construction.

Jacobs Engineering Group Inc

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