Jacobs Solutions (NYSE:J) Announces Quarterly Earnings Results

Jacobs Solutions (NYSE:JGet Rating) released its earnings results on Monday. The company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.77 by $0.03, MarketWatch Earnings reports. The firm had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.85 billion. Jacobs Solutions had a return on equity of 14.76% and a net margin of 4.32%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.58 EPS.

Jacobs Solutions Stock Up 1.0 %

J stock opened at $123.50 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $15.76 billion, a PE ratio of 24.80, a PEG ratio of 1.46 and a beta of 0.88. Jacobs Solutions has a 1-year low of $106.78 and a 1-year high of $150.32. The business’s 50 day simple moving average is $116.10 and its 200 day simple moving average is $124.65.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 28th. Investors of record on Friday, September 30th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Thursday, September 29th. Jacobs Solutions’s payout ratio is presently 18.47%.

Analysts Set New Price Targets

Several research firms have commented on J. Citigroup cut their target price on Jacobs Solutions from $155.00 to $151.00 and set a “buy” rating on the stock in a research note on Tuesday, August 2nd. Credit Suisse Group boosted their price target on Jacobs Solutions from $154.00 to $161.00 and gave the stock an “outperform” rating in a research report on Tuesday. Royal Bank of Canada lowered their price target on Jacobs Solutions from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, StockNews.com started coverage on Jacobs Solutions in a research report on Wednesday, October 12th. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Insider Buying and Selling

In related news, CEO Steven J. Demetriou sold 51,130 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $125.10, for a total transaction of $6,396,363.00. Following the transaction, the chief executive officer now directly owns 631,447 shares of the company’s stock, valued at approximately $78,994,019.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.

Institutional Trading of Jacobs Solutions

Institutional investors have recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Jacobs Solutions in the 1st quarter valued at $125,000. Horizon Investments LLC bought a new stake in Jacobs Solutions in the 1st quarter valued at $200,000. Lido Advisors LLC bought a new stake in Jacobs Solutions in the 1st quarter valued at $204,000. EP Wealth Advisors LLC bought a new stake in Jacobs Solutions in the 1st quarter valued at $211,000. Finally, Equitable Holdings Inc. bought a new stake in Jacobs Solutions in the 1st quarter valued at $218,000. 86.73% of the stock is currently owned by institutional investors.

Jacobs Solutions Company Profile

(Get Rating)

Jacobs Solutions Inc provides consulting, technical, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, rest of Asia, Australia, New Zealand, South America, Mexico, the Middle East, and Africa. It provides cybersecurity, data analytics, systems and software application integration and consulting, enterprise and mission IT, engineering and design, nuclear, enterprise level operations and maintenance, artificial intelligence and automation, software development, digitally driven consulting, planning and architecture, program management, and other technical consulting solutions.

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Earnings History for Jacobs Solutions (NYSE:J)

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