Jacobs Solutions (NYSE:J) Releases Earnings Results, Beats Expectations By $0.04 EPS

Jacobs Solutions (NYSE:J) posted its quarterly earnings results on Tuesday. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04, Zacks reports. Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%.

Jacobs Solutions Trading Down 1.0 %

Shares of J opened at $138.80 on Tuesday. The stock has a market capitalization of $17.21 billion, a P/E ratio of 21.93, a PEG ratio of 2.11 and a beta of 0.72. Jacobs Solutions has a twelve month low of $110.95 and a twelve month high of $150.54. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. The firm has a fifty day simple moving average of $136.78 and a two-hundred day simple moving average of $141.36.

Jacobs Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.92%. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, February 21st. Jacobs Solutions’s payout ratio is presently 18.33%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on J shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $150.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 10th. Citigroup decreased their target price on shares of Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Truist Financial lifted their price target on Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. StockNews.com started coverage on shares of Jacobs Solutions in a research report on Wednesday, December 4th. They issued a “hold” rating for the company. Finally, Benchmark cut Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.00.

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.