Jacobs Solutions (J) to Release Earnings on Tuesday

Jacobs Solutions (NYSE:J) will announce its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $1.84 per share for the quarter. Jacobs Solutions has set its FY 2024 guidance at 7.700-8.200 EPS and its FY24 guidance at $7.70-$8.20 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, February 6th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.46. The business had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.02 billion. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. Jacobs Solutions’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.67 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 Stock Performance

Shares of J stock opened at $148.10 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.37. Jacobs Solutions has a 52 week low of $109.00 and a 52 week high of $154.50. The company’s 50 day moving average price is $147.41 and its two-hundred day moving average price is $138.12. The company has a market capitalization of $18.61 billion, a P/E ratio of 26.45, a price-to-earnings-growth ratio of 1.54 and a beta of 0.74.

Jacobs Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 24th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Thursday, May 23rd. Jacobs Solutions’s dividend payout ratio (DPR) is presently 20.71%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. KeyCorp assumed coverage on shares of Jacobs Solutions in a research report on Wednesday, January 10th. They issued a “sector weight” rating for the company. Citigroup increased their price target on Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Argus upped their price objective on Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Bank of America increased their price objective on Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada boosted their target price on shares of Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $155.25.

Insiders Place Their Bets

In related news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $143.86, for a total transaction of $1,007,020.00. Following the completion of the sale, the insider now directly owns 548,138 shares in the company, valued at approximately $78,855,132.68. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Kevin C. Berryman sold 1,500 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $229,800.00. Following the completion of the transaction, the chief financial officer now directly owns 233,104 shares in the company, valued at $35,711,532.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $143.86, for a total value of $1,007,020.00. Following the completion of the transaction, the insider now owns 548,138 shares of the company’s stock, valued at $78,855,132.68. The disclosure for this sale can be found here. Insiders sold 24,338 shares of company stock worth $3,618,695 over the last three months. Insiders own 1.00% of the company’s stock.

About Jacobs Solutions

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.