Research Analysts Set Expectations for Jacobs Solutions Inc.’s Q3 2024 Earnings (NYSE:J)

Jacobs Solutions Inc. (NYSE:J) – William Blair dropped their Q3 2024 EPS estimates for Jacobs Solutions in a report released on Wednesday, May 8th. William Blair analyst L. Dipalma now forecasts that the company will post earnings of $2.03 per share for the quarter, down from their previous forecast of $2.10. William Blair currently has a “Market Perform” rating on the stock. The consensus estimate for Jacobs Solutions’ current full-year earnings is $8.07 per share. William Blair also issued estimates for Jacobs Solutions’ Q4 2024 earnings at $2.09 EPS and FY2024 earnings at $8.05 EPS.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.07. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. The firm had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same period in the previous year, the company posted $1.81 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis.

A number of other equities analysts also recently issued reports on J. Truist Financial cut their price objective on shares of Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating on the stock in a report on Wednesday. Argus boosted 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. Bank of America lifted their target price on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada boosted their target price on Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Finally, Robert W. Baird decreased their price target on Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Jacobs Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $156.82.

Jacobs Solutions Trading Down 0.4 %

Shares of Jacobs Solutions stock opened at $139.24 on Thursday. The company has a market capitalization of $17.50 billion, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 1.58 and a beta of 0.74. The stock has a fifty day simple moving average of $147.03 and a 200 day simple moving average of $138.32. Jacobs Solutions has a 12-month low of $109.00 and a 12-month high of $154.50. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.42.

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 24th will be paid a dividend of $0.29 per share. The ex-dividend date is Thursday, May 23rd. This represents a $1.16 annualized dividend and a dividend yield of 0.83%. Jacobs Solutions’s dividend payout ratio is currently 20.71%.

Insider Buying and Selling

In other news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $143.86, for a total value of $1,007,020.00. Following the transaction, the insider now directly owns 548,138 shares of the company’s stock, valued at approximately $78,855,132.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Shelette M. Gustafson sold 1,852 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $148.00, for a total value of $274,096.00. Following the completion of the transaction, the executive vice president now directly owns 28,791 shares in the company, valued at $4,261,068. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $143.86, for a total value of $1,007,020.00. Following the completion of the transaction, the insider now directly owns 548,138 shares in the company, valued at approximately $78,855,132.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,338 shares of company stock worth $3,618,695. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Jacobs Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of the company. First Pacific Financial bought a new stake in Jacobs Solutions in the fourth quarter worth $27,000. GAMMA Investing LLC purchased a new stake in shares of Jacobs Solutions during the fourth quarter valued at approximately $27,000. ICA Group Wealth Management LLC bought a new position in shares of Jacobs Solutions in the fourth quarter worth approximately $30,000. Union Savings Bank increased its stake in shares of Jacobs Solutions by 78.1% in the fourth quarter. Union Savings Bank now owns 285 shares of the company’s stock worth $37,000 after buying an additional 125 shares during the period. Finally, Northwest Financial Advisors bought a new stake in Jacobs Solutions during the 4th quarter valued at $39,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

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.