Jacobs Solutions (NYSE:J) Issues Earnings Results

Jacobs Solutions (NYSE:JGet Rating) posted its quarterly 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 business 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 company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm earned $1.58 EPS.

Jacobs Solutions Stock Performance

Shares of J stock opened at $123.50 on Wednesday. The stock has a fifty day moving average price of $116.10 and a 200 day moving average price of $124.65. The stock has a market cap of $15.76 billion, a PE ratio of 24.80, a P/E/G 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 company has a debt-to-equity ratio of 0.55, a quick ratio of 1.43 and a current ratio of 1.45.

Jacobs Solutions Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Thursday, September 29th. This represents a $0.92 annualized dividend and a yield of 0.74%. Jacobs Solutions’s dividend payout ratio is presently 18.47%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. StockNews.com assumed coverage on Jacobs Solutions in a report on Wednesday, October 12th. They issued a “buy” rating for the company. Credit Suisse Group raised their price target on Jacobs Solutions from $154.00 to $161.00 and gave the company an “outperform” rating in a report on Tuesday. Citigroup reduced their price target on Jacobs Solutions from $155.00 to $151.00 and set a “buy” rating for the company in a report on Tuesday, August 2nd. Finally, Royal Bank of Canada reduced their price target on Jacobs Solutions from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Insider Buying and Selling

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 transaction of $6,396,363.00. Following the completion of the transaction, the chief executive officer now owns 631,447 shares of the company’s stock, valued at $78,994,019.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Jacobs Solutions

Hedge funds have recently bought and sold shares of the stock. Pathstone Family Office LLC grew its position in shares of Jacobs Solutions by 11.9% in the third quarter. Pathstone Family Office LLC now owns 4,250 shares of the company’s stock valued at $461,000 after purchasing an additional 453 shares during the period. Beacon Pointe Advisors LLC purchased a new stake in shares of Jacobs Solutions in the first quarter valued at $456,000. Prudential PLC purchased a new stake in shares of Jacobs Solutions in the first quarter valued at $451,000. Proficio Capital Partners LLC grew its position in shares of Jacobs Solutions by 94.8% in the first quarter. Proficio Capital Partners LLC now owns 3,197 shares of the company’s stock valued at $441,000 after purchasing an additional 1,556 shares during the period. Finally, Graham Capital Management L.P. purchased a new stake in Jacobs Solutions during the first quarter valued at about $412,000. Hedge funds and other institutional investors own 86.73% of the company’s stock.

About Jacobs Solutions

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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.

See Also

Earnings History for Jacobs Solutions (NYSE:J)

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