Jacobs Solutions (NYSE:J) Posts Earnings Results, Beats Expectations By $0.03 EPS

Jacobs Solutions (NYSE:JGet Rating) released its quarterly earnings data on Monday. The company reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.03, MarketWatch Earnings reports. The company had revenue of $3.88 billion during 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 revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm posted $1.58 earnings per share.

Jacobs Solutions Price Performance

Jacobs Solutions stock opened at $123.50 on Wednesday. The stock’s fifty day moving average price is $116.10 and its two-hundred day moving average price is $124.65. Jacobs Solutions has a one year low of $106.78 and a one year high of $150.32. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.45 and a quick ratio of 1.43. The firm has a market cap of $15.76 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 1.46 and a beta of 0.88.

Jacobs Solutions Dividend Announcement

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

Insiders Place Their Bets

In other Jacobs Solutions news, CEO Steven J. Demetriou sold 51,130 shares of the firm’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $125.10, for a total value of $6,396,363.00. Following the sale, the chief executive officer now owns 631,447 shares of the company’s stock, valued at approximately $78,994,019.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Jacobs Solutions

Large investors have recently modified their holdings of the business. Pathstone Family Office LLC boosted its holdings in shares of Jacobs Solutions by 11.9% during the 3rd quarter. Pathstone Family Office LLC now owns 4,250 shares of the company’s stock valued at $461,000 after acquiring an additional 453 shares in the last quarter. Beacon Pointe Advisors LLC acquired a new stake in shares of Jacobs Solutions during the 1st quarter valued at $456,000. Prudential PLC acquired a new stake in shares of Jacobs Solutions during the 1st quarter valued at $451,000. Proficio Capital Partners LLC boosted its holdings in shares of Jacobs Solutions by 94.8% during the 1st quarter. Proficio Capital Partners LLC now owns 3,197 shares of the company’s stock valued at $441,000 after acquiring an additional 1,556 shares in the last quarter. Finally, Graham Capital Management L.P. acquired a new stake in shares of Jacobs Solutions during the 1st quarter valued at $412,000. Institutional investors and hedge funds own 86.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on J shares. Citigroup lowered 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 increased their target price on Jacobs Solutions from $154.00 to $161.00 and gave the stock an “outperform” rating in a research note on Tuesday. StockNews.com started coverage on Jacobs Solutions in a research note on Wednesday, October 12th. They set a “buy” rating on the stock. Finally, Royal Bank of Canada lowered their target price on Jacobs Solutions from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Tuesday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Jacobs Solutions Company Profile

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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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