Jacobs Solutions (J) to Release Quarterly Earnings on Tuesday

Jacobs Solutions (NYSE:J) will be issuing its quarterly earnings data before the market opens on Tuesday, August 6th. Analysts expect the company to announce earnings of $1.96 per share for the quarter. Jacobs Solutions has set its FY24 guidance at $7.80-8.10 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, May 7th. The company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.07. The business had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.33 billion. Jacobs Solutions had a net margin of 3.83% and a return on equity of 14.59%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.81 earnings per share. On average, analysts expect Jacobs Solutions to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Jacobs Solutions Stock Performance

NYSE:J opened at $142.24 on Monday. The company has a market cap of $17.81 billion, a P/E ratio of 27.46, a P/E/G ratio of 1.67 and a beta of 0.70. Jacobs Solutions has a twelve month low of $120.71 and a twelve month high of $154.50. The company’s 50-day moving average price is $141.45 and its 200-day moving average price is $143.13. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.32.

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, July 26th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, July 26th. This represents a $1.16 dividend on an annualized basis and a yield of 0.82%. Jacobs Solutions’s payout ratio is 22.39%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on J shares. Robert W. Baird dropped their price target on Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. Citigroup upped their target price on Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Truist Financial reduced their price target on Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating on the stock in a report on Wednesday, May 8th. StockNews.com cut shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 22nd. Finally, William Blair cut shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $156.82.

Insider Transactions at Jacobs Solutions

In other news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction on Monday, July 1st. The stock was sold at an average price of $139.94, for a total value of $979,580.00. Following the completion of the sale, the insider now directly owns 534,138 shares of the company’s stock, valued at $74,747,271.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.00% of the company’s stock.

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.