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

Jacobs Solutions (NYSE:J) is scheduled to release its earnings data before the market opens on Tuesday, May 7th. Analysts expect Jacobs Solutions to post 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.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Jacobs Solutions (NYSE:J) last announced its 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. The firm had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.02 billion. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same period last year, the firm 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 Price Performance

J opened at $148.10 on Monday. Jacobs Solutions has a fifty-two week low of $109.00 and a fifty-two week high of $154.50. The firm has a 50-day moving average of $147.41 and a 200 day moving average of $138.13. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market cap of $18.61 billion, a P/E ratio of 26.45, a PEG ratio of 1.57 and a beta of 0.74.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 24th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.16 annualized dividend and a yield of 0.78%. Jacobs Solutions’s payout ratio is 20.71%.

Analyst Ratings Changes

J has been the topic of several research reports. Bank of America boosted their price target on shares of Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Citigroup lifted their target price on Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Argus increased their price target on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. KeyCorp started coverage on shares of Jacobs Solutions in a research note on Wednesday, January 10th. They set a “sector weight” rating for the company. Finally, Royal Bank of Canada increased their target price on shares of Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Jacobs Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $155.25.

Insider Activity at Jacobs Solutions

In other news, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction dated 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 directly owns 555,138 shares in the company, valued at $85,047,141.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction 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 sale, the chief financial officer now owns 233,104 shares in the company, valued at $35,711,532.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Steven J. Demetriou sold 7,000 shares of the business’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 $1,072,400.00. Following the transaction, the insider now directly owns 555,138 shares in the company, valued at $85,047,141.60. The disclosure for this sale can be found here. Insiders sold 24,338 shares of company stock worth $3,618,695 in the last three months. 1.00% of the stock is owned by 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.