FY2024 EPS Estimates for Jacobs Solutions Inc. (NYSE:J) Decreased by Analyst

Jacobs Solutions Inc. (NYSE:J) – Analysts at William Blair dropped their FY2024 earnings per share estimates for Jacobs Solutions in a report released on Monday, September 30th. William Blair analyst L. Dipalma now anticipates that the company will post earnings per share of $7.40 for the year, down from their prior estimate of $8.03. The consensus estimate for Jacobs Solutions’ current full-year earnings is $7.98 per share.

A number of other research analysts have also recently commented on the company. Truist Financial restated a “hold” rating and issued a $158.00 price target (up previously from $153.00) on shares of Jacobs Solutions in a research report on Wednesday, August 7th. StockNews.com assumed coverage on Jacobs Solutions in a research report on Wednesday. They issued a “buy” rating on the stock. Royal Bank of Canada lifted their target price on Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. UBS Group lifted their target price on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Finally, Robert W. Baird decreased their target price on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $161.67.

Jacobs Solutions Stock Up 0.9 %

Shares of NYSE J opened at $132.07 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 1.14. Jacobs Solutions has a 52 week low of $120.71 and a 52 week high of $156.31. The stock has a market capitalization of $16.54 billion, a P/E ratio of 25.50, a PEG ratio of 1.70 and a beta of 0.72. The stock’s fifty day moving average is $145.80 and its 200 day moving average is $143.98.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, hitting analysts’ consensus estimates of $1.96. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The company had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.39 billion. During the same quarter last year, the business earned $1.82 earnings per share. Jacobs Solutions’s revenue was up 1.1% on a year-over-year basis.

Hedge Funds Weigh In On Jacobs Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in J. EdgeRock Capital LLC acquired a new position in Jacobs Solutions in the second quarter valued at approximately $26,000. Bruce G. Allen Investments LLC lifted its stake in Jacobs Solutions by 427.5% in the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after buying an additional 171 shares during the period. ICA Group Wealth Management LLC acquired a new position in Jacobs Solutions in the fourth quarter valued at approximately $30,000. Quarry LP lifted its stake in Jacobs Solutions by 108.9% in the fourth quarter. Quarry LP now owns 305 shares of the company’s stock valued at $40,000 after buying an additional 159 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new position in Jacobs Solutions in the first quarter valued at approximately $48,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Jacobs Solutions

In other news, SVP William B. Allen, Jr. sold 1,451 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $146.51, for a total transaction of $212,586.01. Following the sale, the senior vice president now directly owns 26,699 shares in the company, valued at $3,911,670.49. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, SVP William B. Allen, Jr. sold 1,451 shares of Jacobs Solutions stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $146.51, for a total value of $212,586.01. Following the transaction, the senior vice president now directly owns 26,699 shares of the company’s stock, valued at $3,911,670.49. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the transaction, the director now directly owns 42,069 shares in the company, valued at $6,346,108.65. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,516 shares of company stock worth $2,152,693. Insiders own 1.00% of the company’s stock.

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, October 25th. Jacobs Solutions’s dividend payout ratio (DPR) is currently 22.39%.

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.