Jacobs Solutions Inc. Declares Quarterly Dividend of $0.29 (NYSE:J)

Jacobs Solutions Inc. (NYSE:J) declared a quarterly dividend on Thursday, May 2nd, RTT News reports. Investors of record on Friday, May 24th will be paid a dividend of 0.29 per share on Friday, June 21st. This represents a $1.16 dividend on an annualized basis and a yield of 0.81%.

Jacobs Solutions has increased its dividend by an average of 11.0% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Jacobs Solutions has a payout ratio of 12.6% indicating that its dividend is sufficiently covered by earnings. 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 0.2 %

Shares of NYSE J traded up $0.22 during midday trading on Thursday, reaching $143.41. 97,246 shares of the stock were exchanged, compared to its average volume of 628,474. The company has a 50 day simple moving average of $147.40 and a 200 day simple moving average of $138.00. The stock has a market capitalization of $18.02 billion, a P/E ratio of 25.58, a PEG ratio of 1.52 and a beta of 0.74. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.37. Jacobs Solutions has a twelve month low of $109.00 and a twelve month high of $154.50.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.56 by $0.46. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The company had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same quarter last year, the company posted $1.67 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year. As a group, equities analysts expect that Jacobs Solutions will post 8.07 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on J shares. KeyCorp initiated coverage on shares of Jacobs Solutions in a research note on Wednesday, January 10th. They issued a “sector weight” rating on the stock. Royal Bank of Canada boosted their price objective 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. Citigroup upped their price target on shares of Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Argus upped their price objective on shares of Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Finally, Truist Financial assumed coverage on shares of Jacobs Solutions in a research note on Thursday, March 14th. They set a “hold” rating and a $154.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $155.25.

Insider Activity at Jacobs Solutions

In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $229,800.00. Following the sale, the chief financial officer now owns 233,104 shares of the company’s stock, valued at approximately $35,711,532.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Kevin C. Berryman sold 1,500 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $229,800.00. Following the sale, the chief financial officer now owns 233,104 shares of the company’s stock, valued at approximately $35,711,532.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Shelette M. Gustafson sold 1,852 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $148.00, for a total transaction of $274,096.00. Following the completion of the sale, the executive vice president now directly owns 28,791 shares in the company, valued at approximately $4,261,068. The disclosure for this sale can be found here. Insiders sold a total of 15,838 shares of company stock worth $2,393,710 in the last ninety days. 1.00% of the stock is currently owned by 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.