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

Jacobs Solutions (NYSE:J) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 7.850-8.050 for the period, compared to the consensus earnings per share estimate of 8.03. The company issued revenue guidance of -. Jacobs Solutions also updated its FY24 guidance to $7.85-$8.05 EPS.

Analysts Set New Price Targets

Several brokerages have recently issued reports on J. Truist Financial reiterated a hold rating and issued a $158.00 price target (up previously from $153.00) on shares of Jacobs Solutions in a research note on Wednesday. Citigroup boosted their price objective on Jacobs Solutions from $161.00 to $169.00 and gave the stock a buy rating in a research report on Monday, April 22nd. Robert W. Baird reduced their price objective on Jacobs Solutions from $163.00 to $160.00 and set an outperform rating on the stock in a research report on Wednesday. StockNews.com upgraded Jacobs Solutions from a buy rating to a strong-buy rating in a research report on Wednesday. Finally, Royal Bank of Canada boosted their price objective on Jacobs Solutions from $161.00 to $167.00 and gave the stock an outperform rating in a research report on Wednesday. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Jacobs Solutions currently has an average rating of Moderate Buy and an average price target of $157.55.

Jacobs Solutions Trading Up 0.9 %

Shares of NYSE:J traded up $1.24 during midday trading on Friday, reaching $143.50. The company’s stock had a trading volume of 1,008,832 shares, compared to its average volume of 672,086. The firm has a market capitalization of $17.97 billion, a price-to-earnings ratio of 27.76, a PEG ratio of 1.67 and a beta of 0.70. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a 50 day moving average price of $141.71 and a two-hundred day moving average price of $143.21. Jacobs Solutions has a fifty-two week low of $120.71 and a fifty-two week high of $154.50.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, meeting 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 return on equity of 14.59% and a net margin of 3.83%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.82 EPS. As a group, analysts forecast that Jacobs Solutions will post 7.98 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, July 26th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Friday, July 26th. Jacobs Solutions’s dividend payout ratio is 22.39%.

Insider Activity

In related news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $139.94, for a total value of $979,580.00. Following the completion of the sale, the insider now directly owns 534,138 shares of the company’s stock, valued at approximately $74,747,271.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 21,000 shares of company stock valued at $2,983,750 in the last ninety days. 1.00% of the stock is owned by company 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.