Jacobs Solutions Inc. (J) To Go Ex-Dividend on October 25th

Jacobs Solutions Inc. (NYSE:J) announced a quarterly dividend on Thursday, September 26th, NASDAQ reports. Investors of record on Friday, October 25th will be given a dividend of 0.29 per share on Friday, November 22nd. This represents a $1.16 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Friday, October 25th.

Jacobs Solutions has increased its dividend by an average of 11.0% annually over the last three years. Jacobs Solutions has a dividend payout ratio of 12.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Jacobs Solutions to earn $8.94 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 13.0%.

Jacobs Solutions Trading Up 0.6 %

Shares of NYSE:J opened at $155.59 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31. Jacobs Solutions has a 12 month low of $120.71 and a 12 month high of $156.31. The firm has a market cap of $19.48 billion, a price-to-earnings ratio of 30.04, a PEG ratio of 1.70 and a beta of 0.72. The company’s fifty day simple moving average is $146.56 and its 200 day simple moving average is $144.31.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, hitting analysts’ consensus estimates of $1.96. The business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.39 billion. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. Jacobs Solutions’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the company posted $1.82 earnings per share. As a group, research analysts forecast that Jacobs Solutions will post 7.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. UBS Group upped their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Robert W. Baird reduced their price target on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Truist Financial reaffirmed a “hold” rating and issued a $158.00 price objective (up from $153.00) on shares of Jacobs Solutions in a report on Wednesday, August 7th. Royal Bank of Canada increased their target price on Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, StockNews.com began coverage on Jacobs Solutions in a research note on Tuesday. They issued a “buy” rating for the company. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $161.67.

Insiders Place Their Bets

In related news, SVP William B. Allen, Jr. sold 1,451 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $146.51, for a total value of $212,586.01. Following the completion of the sale, the senior vice president now directly owns 26,699 shares of the company’s stock, valued at approximately $3,911,670.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.85, for a total transaction of $286,313.30. Following the completion of the transaction, the director now directly owns 42,069 shares in the company, valued at $6,346,108.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP William B. Allen, Jr. sold 1,451 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $146.51, for a total transaction of $212,586.01. Following the sale, the senior vice president now directly owns 26,699 shares of the company’s stock, valued at $3,911,670.49. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,516 shares of company stock worth $3,132,273. 1.00% of the stock is currently owned by company insiders.

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.