Jacobs Solutions (J) Set to Announce Quarterly Earnings on Tuesday

Jacobs Solutions (NYSE:J) will be posting its quarterly earnings results before the market opens on Tuesday, August 6th. Analysts expect Jacobs Solutions to post earnings of $1.96 per share for the quarter. Jacobs Solutions has set its FY24 guidance at $7.80-8.10 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.07. The company had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.33 billion. Jacobs Solutions had a return on equity of 14.59% and a net margin of 3.83%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.81 EPS. On average, analysts expect Jacobs Solutions to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Jacobs Solutions Price Performance

Shares of NYSE:J opened at $142.24 on Monday. The firm has a market capitalization of $17.81 billion, a PE ratio of 27.46, a P/E/G ratio of 1.67 and a beta of 0.70. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average price of $141.45 and a two-hundred day moving average price of $143.13. Jacobs Solutions has a twelve month low of $120.71 and a twelve month high of $154.50.

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, July 26th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.82%. The ex-dividend date is Friday, July 26th. Jacobs Solutions’s dividend payout ratio (DPR) is presently 22.39%.

Analyst Ratings Changes

J has been the topic of a number of recent analyst reports. Citigroup increased their price target on shares of Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. William Blair downgraded shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Robert W. Baird decreased their price target on shares of Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. StockNews.com downgraded Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 22nd. Finally, Truist Financial reduced their target price on Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating for the company in a research report on Wednesday, May 8th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $156.82.

Insider Buying and Selling at Jacobs Solutions

In related news, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $139.43, for a total transaction of $976,010.00. Following the transaction, the insider now owns 541,138 shares of the company’s stock, valued at approximately $75,450,871.34. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

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.