Jacobs Solutions (NYSE:J) Releases 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.

Wall Street Analyst Weigh In

Several brokerages have recently commented on J. William Blair lowered Jacobs Solutions from an outperform rating to a market perform rating in a research report on Wednesday, May 8th. Citigroup increased their price objective on Jacobs Solutions from $161.00 to $169.00 and gave the company a buy rating in a research report on Monday, April 22nd. 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. StockNews.com upgraded Jacobs Solutions from a buy rating to a strong-buy rating in a research report on Wednesday. Finally, Truist Financial restated a hold rating and set a $158.00 price target (up from $153.00) on shares of Jacobs Solutions in a research report on Wednesday. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $157.55.

Jacobs Solutions Stock Up 0.9 %

Jacobs Solutions stock traded up $1.24 during mid-day trading on Friday, hitting $143.50. The company had a trading volume of 1,008,832 shares, compared to its average volume of 672,086. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.32. The stock’s 50 day moving average price is $141.71 and its two-hundred day moving average price is $143.21. Jacobs Solutions has a 12 month low of $120.71 and a 12 month high of $154.50. The company has a market capitalization of $17.97 billion, a PE ratio of 27.76, a price-to-earnings-growth ratio of 1.67 and a beta of 0.70.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, hitting the consensus estimate of $1.96. Jacobs Solutions had a return on equity of 14.59% and a net margin of 3.83%. The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.39 billion. During the same quarter in the previous year, the business earned $1.82 earnings per share. The company’s revenue was up 1.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Jacobs Solutions will post 7.98 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Friday, July 26th. Jacobs Solutions’s dividend payout ratio is currently 22.39%.

Insider Activity at Jacobs Solutions

In related news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $139.94, for a total transaction of $979,580.00. Following the completion of the sale, the insider now owns 534,138 shares in the company, valued at $74,747,271.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 21,000 shares of company stock worth $2,983,750. 1.00% of the stock is owned by 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.