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

Jacobs Solutions (NYSE:JGet Free Report) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share guidance of 7.700-8.200 for the period, compared to the consensus earnings per share estimate of 7.950. The company issued revenue guidance of -. Jacobs Solutions also updated its FY 2024 guidance to 7.700-8.200 EPS.

Jacobs Solutions Stock Up 0.1 %

Shares of Jacobs Solutions stock opened at $149.85 on Thursday. Jacobs Solutions has a twelve month low of $109.00 and a twelve month high of $154.50. The stock has a market cap of $18.83 billion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 1.59 and a beta of 0.73. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.42. The company has a fifty day moving average price of $146.10 and a 200 day moving average price of $136.65.

Jacobs Solutions (NYSE:JGet Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.46. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. The firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same period in the prior year, the firm earned $1.67 EPS. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. Equities research analysts forecast that Jacobs Solutions will post 8.06 earnings per share for the current fiscal year.

Jacobs Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 23rd were issued a $0.29 dividend. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Thursday, February 22nd. Jacobs Solutions’s dividend payout ratio is currently 20.71%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Royal Bank of Canada increased their price target on Jacobs Solutions from $151.00 to $161.00 and gave the company an outperform rating in a report on Wednesday, February 7th. KeyCorp started coverage on Jacobs Solutions in a research note on Wednesday, January 10th. They set a sector weight rating for the company. Truist Financial started coverage on Jacobs Solutions in a research note on Thursday, March 14th. They set a hold rating and a $154.00 target price for the company. Argus raised their target price on Jacobs Solutions from $161.00 to $174.00 and gave the company a buy rating in a research note on Thursday, March 14th. Finally, 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 note on Tuesday. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $154.08.

Check Out Our Latest Analysis on J

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 1,852 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $148.00, for a total value of $274,096.00. Following the transaction, the executive vice president now owns 28,791 shares of the company’s stock, valued at $4,261,068. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Jacobs Solutions news, EVP Patrick Hill sold 5,486 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $149.00, for a total value of $817,414.00. Following the transaction, the executive vice president now owns 57,233 shares of the company’s stock, valued at $8,527,717. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Shelette M. Gustafson sold 1,852 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $148.00, for a total transaction of $274,096.00. Following the completion of the transaction, the executive vice president now directly owns 28,791 shares in the company, valued at approximately $4,261,068. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,838 shares of company stock valued at $2,393,710. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Jacobs Solutions

A number of large investors have recently bought and sold shares of the business. FIL Ltd raised its holdings in shares of Jacobs Solutions by 11.4% during the fourth quarter. FIL Ltd now owns 654,235 shares of the company’s stock valued at $84,920,000 after buying an additional 67,124 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Jacobs Solutions by 1.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 168,501 shares of the company’s stock valued at $21,872,000 after buying an additional 2,581 shares during the last quarter. Sanibel Captiva Trust Company Inc. bought a new stake in shares of Jacobs Solutions during the fourth quarter valued at approximately $584,000. Public Employees Retirement System of Ohio raised its holdings in shares of Jacobs Solutions by 9.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 71,949 shares of the company’s stock valued at $9,339,000 after buying an additional 6,414 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its holdings in shares of Jacobs Solutions by 3.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 20,785 shares of the company’s stock valued at $2,698,000 after buying an additional 786 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for Jacobs Solutions (NYSE:J)

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