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

Jacobs Solutions (NYSE:J) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 7.800-8.100 for the period, compared to the consensus estimate of 8.080. The company issued revenue guidance of -.

Jacobs Solutions Price Performance

Shares of Jacobs Solutions stock opened at $138.52 on Friday. The business has a 50 day simple moving average of $145.01 and a two-hundred day simple moving average of $138.70. Jacobs Solutions has a 12 month low of $109.00 and a 12 month high of $154.50. The stock has a market capitalization of $17.34 billion, a P/E ratio of 26.74, a PEG ratio of 1.59 and a beta of 0.74. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.17.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, May 7th. The company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.07. Jacobs Solutions had a return on equity of 14.59% and a net margin of 3.83%. The business had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same quarter in the prior year, the firm earned $1.81 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. As a group, analysts predict that Jacobs Solutions will post 7.98 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 24th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.16 annualized dividend and a dividend yield of 0.84%. Jacobs Solutions’s payout ratio is 22.39%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Argus lifted their target price on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a buy rating in a research note on Thursday, March 14th. William Blair downgraded shares of Jacobs Solutions from an outperform rating to a market perform rating in a report on Wednesday, May 8th. Robert W. Baird cut their price target on shares of Jacobs Solutions from $168.00 to $163.00 and set an outperform rating for the company in a report on Wednesday, May 8th. Bank of America raised their price target on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a neutral rating in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada raised their price target on shares of Jacobs Solutions from $151.00 to $161.00 and gave the stock an outperform rating in a report on Wednesday, February 7th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $156.82.

Insiders Place Their Bets

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the business’s 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 owns 548,138 shares in the company, valued at $78,855,132.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $143.86, for a total transaction of $1,007,020.00. Following the completion of the sale, the insider now directly owns 548,138 shares of the company’s stock, valued at approximately $78,855,132.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Patrick Hill sold 5,486 shares of Jacobs Solutions stock in a transaction on Friday, March 8th. The stock was sold at an average price of $149.00, for a total transaction of $817,414.00. Following the sale, the executive vice president now directly owns 57,233 shares of the company’s stock, valued at $8,527,717. The disclosure for this sale can be found here. Insiders sold a total of 22,486 shares of company stock worth $3,344,599 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

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.