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

Jacobs Solutions (NYSE:JGet Rating) issued its earnings results on Monday. The company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 4.32% and a return on equity of 14.76%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.58 earnings per share.

Jacobs Solutions Trading Up 1.0 %

Shares of J stock opened at $123.50 on Wednesday. The company has a 50-day moving average of $116.10 and a two-hundred day moving average of $124.65. 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 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 current ratio of 1.45 and a quick ratio of 1.43.

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 28th. Investors of record on Friday, September 30th were issued a $0.23 dividend. 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 (DPR) is currently 18.47%.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, CEO Steven J. Demetriou sold 51,130 shares of the business’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $125.10, for a total transaction of $6,396,363.00. Following the sale, the chief executive officer now directly owns 631,447 shares in the company, valued at $78,994,019.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Jacobs Solutions

Several hedge funds have recently modified their holdings of J. Mackenzie Financial Corp lifted its position in shares of Jacobs Solutions by 1,162.8% during the 1st quarter. Mackenzie Financial Corp now owns 866,765 shares of the company’s stock worth $119,449,000 after purchasing an additional 798,125 shares during the last quarter. Invesco Ltd. lifted its holdings in Jacobs Solutions by 44.6% during the 1st quarter. Invesco Ltd. now owns 1,291,182 shares of the company’s stock worth $177,937,000 after buying an additional 398,033 shares during the last quarter. Capital International Investors boosted its position in shares of Jacobs Solutions by 8.1% during the 1st quarter. Capital International Investors now owns 4,049,450 shares of the company’s stock worth $558,055,000 after acquiring an additional 304,996 shares in the last quarter. Mariner LLC raised its position in shares of Jacobs Solutions by 1,980.4% during the 1st quarter. Mariner LLC now owns 277,441 shares of the company’s stock worth $38,235,000 after acquiring an additional 264,105 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Jacobs Solutions by 1.8% during the first quarter. Vanguard Group Inc. now owns 13,998,808 shares of the company’s stock worth $1,929,175,000 after purchasing an additional 250,587 shares during the last quarter. 86.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on J. Citigroup cut their price objective on shares of Jacobs Solutions from $155.00 to $151.00 and set a “buy” rating for the company in a report on Tuesday, August 2nd. Royal Bank of Canada reduced their price objective on Jacobs Solutions from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Tuesday. Credit Suisse Group upped their target price on Jacobs Solutions from $154.00 to $161.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, StockNews.com initiated coverage on Jacobs Solutions in a report on Wednesday, October 12th. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.

Further Reading

Earnings History for Jacobs Solutions (NYSE:J)

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