Jacobs Solutions (NYSE:J) Issues FY 2024 Earnings Guidance

Jacobs Solutions (NYSE:J) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 7.800-8.100 for the period, compared to the consensus EPS estimate of 8.080. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on J. Citigroup increased their price target on Jacobs Solutions from $161.00 to $169.00 and gave the stock a buy rating in a research report on Monday, April 22nd. Robert W. Baird dropped their target price on Jacobs Solutions from $168.00 to $163.00 and set an outperform rating on the stock in a research report on Wednesday, May 8th. Royal Bank of Canada raised their target price on Jacobs Solutions from $151.00 to $161.00 and gave the company an outperform rating in a research report on Wednesday, February 7th. Bank of America raised their target price on Jacobs Solutions from $145.00 to $152.00 and gave the company a neutral rating in a research report on Tuesday, April 2nd. Finally, Argus raised their target price on Jacobs Solutions from $161.00 to $174.00 and gave the company a buy rating in a research report on Thursday, March 14th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Jacobs Solutions presently has an average rating of Moderate Buy and a consensus price target of $156.82.

Jacobs Solutions Trading Up 1.4 %

Shares of Jacobs Solutions stock opened at $138.80 on Wednesday. The firm has a market capitalization of $17.38 billion, a PE ratio of 26.80, a P/E/G ratio of 1.58 and a beta of 0.74. Jacobs Solutions has a twelve month low of $109.00 and a twelve month high of $154.50. The firm’s 50-day moving average price is $145.48 and its 200 day moving average price is $138.71. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.32.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, May 7th. The company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.07. Jacobs Solutions had a net margin of 3.83% and a return on equity of 14.59%. The business had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same period last year, the company posted $1.81 EPS. The business’s revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts predict that Jacobs Solutions will post 7.98 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 24th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Thursday, May 23rd. Jacobs Solutions’s dividend payout ratio (DPR) is 22.39%.

Insiders Place Their Bets

In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $229,800.00. Following the transaction, the chief financial officer now directly owns 233,104 shares of the company’s stock, valued at approximately $35,711,532.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the completion of the sale, the insider now owns 555,138 shares in the company, valued at approximately $85,047,141.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kevin C. Berryman sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $229,800.00. Following the sale, the chief financial officer now owns 233,104 shares of the company’s stock, valued at approximately $35,711,532.80. The disclosure for this sale can be found here. Insiders have sold 22,486 shares of company stock valued at $3,344,599 in the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

Jacobs Solutions Company Profile

Jacobs Solutions Inc provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments.