Jacobs Solutions (NYSE:J) Issues Earnings Results, Beats Expectations By $0.04 EPS

Jacobs Solutions (NYSE:J) announced its quarterly earnings results on Tuesday. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04, Zacks reports. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.92 billion. During the same period in the prior year, the business posted $1.45 EPS. Jacobs Solutions’s revenue was up 4.4% on a year-over-year basis. Jacobs Solutions updated its FY 2025 guidance to 5.850-6.200 EPS and its FY25 guidance to $5.85-6.20 EPS.

Jacobs Solutions Price Performance

Shares of NYSE:J opened at $132.57 on Thursday. The firm has a market capitalization of $16.44 billion, a PE ratio of 20.94, a P/E/G ratio of 2.11 and a beta of 0.72. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average price of $136.46 and a two-hundred day moving average price of $141.13. Jacobs Solutions has a twelve month low of $110.95 and a twelve month high of $150.54.

Jacobs Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Friday, February 21st. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s payout ratio is 18.33%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $152.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Truist Financial lifted their price objective on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Citigroup reduced their price target on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Benchmark lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Robert W. Baird cut their price objective on shares of Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating for the company in a report on Wednesday. Six investment 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $155.89.

Jacobs Solutions announced that its Board of Directors has authorized a stock repurchase program on Tuesday, February 4th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the company to reacquire up to 9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its stock is undervalued.

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.