Brokers Offer Predictions for Jacobs Solutions Inc.’s FY2024 Earnings (NYSE:J)

Jacobs Solutions Inc. (NYSE:J) – Research analysts at William Blair decreased their FY2024 earnings estimates for Jacobs Solutions in a research note issued on Monday, September 30th. William Blair analyst L. Dipalma now forecasts that the company will earn $7.40 per share for the year, down from their previous forecast of $8.03. The consensus estimate for Jacobs Solutions’ current full-year earnings is $7.98 per share.

J has been the subject of a number of other reports. StockNews.com initiated coverage on shares of Jacobs Solutions in a report on Wednesday. They set a “buy” rating for the company. Truist Financial reaffirmed a “hold” rating and set a $158.00 price target (up from $153.00) on shares of Jacobs Solutions in a report on Wednesday, August 7th. Robert W. Baird decreased their price objective on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Royal Bank of Canada raised their price objective on shares of Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, UBS Group raised their price objective on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.67.

Jacobs Solutions Stock Performance

Shares of J stock opened at $138.91 on Wednesday. The company’s fifty day simple moving average is $145.51 and its 200-day simple moving average is $143.88. Jacobs Solutions has a 52 week low of $120.71 and a 52 week high of $156.31. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.31. The company has a market cap of $17.39 billion, a PE ratio of 26.82, a P/E/G ratio of 1.70 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.96. The company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.39 billion. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. Jacobs Solutions’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.82 earnings per share.

Institutional Trading of Jacobs Solutions

Several large investors have recently added to or reduced their stakes in the business. Stifel Financial Corp boosted its holdings in Jacobs Solutions by 40.9% in the 4th quarter. Stifel Financial Corp now owns 64,925 shares of the company’s stock valued at $8,428,000 after purchasing an additional 18,836 shares during the period. Scotia Capital Inc. raised its stake in shares of Jacobs Solutions by 10.8% in the 4th quarter. Scotia Capital Inc. now owns 9,017 shares of the company’s stock valued at $1,170,000 after buying an additional 877 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Jacobs Solutions by 2.4% in the 4th quarter. California State Teachers Retirement System now owns 203,238 shares of the company’s stock valued at $26,380,000 after buying an additional 4,759 shares in the last quarter. KBC Group NV raised its stake in shares of Jacobs Solutions by 63.0% in the 4th quarter. KBC Group NV now owns 30,786 shares of the company’s stock valued at $3,996,000 after buying an additional 11,903 shares in the last quarter. Finally, NEOS Investment Management LLC acquired a new position in shares of Jacobs Solutions in the 4th quarter valued at $232,000. 85.65% of the stock is owned by institutional investors.

Insider Activity at Jacobs Solutions

In other news, EVP Shelette M. Gustafson sold 4,167 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total transaction of $625,633.38. Following the sale, the executive vice president now owns 24,564 shares in the company, valued at $3,688,038.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 4,167 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total value of $625,633.38. Following the transaction, the executive vice president now owns 24,564 shares in the company, valued at approximately $3,688,038.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP William B. Allen, Jr. sold 1,451 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $146.51, for a total transaction of $212,586.01. Following the completion of the transaction, the senior vice president now owns 26,699 shares in the company, valued at approximately $3,911,670.49. The disclosure for this sale can be found here. Insiders sold a total of 14,516 shares of company stock valued at $2,152,693 over the last ninety days. Insiders own 1.00% of the company’s stock.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.84%. The ex-dividend date is Friday, October 25th. Jacobs Solutions’s dividend payout ratio is presently 22.39%.

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.