Q3 2024 EPS Estimates for Jacobs Solutions Inc. Reduced by William Blair (NYSE:J)

Jacobs Solutions Inc. (NYSE:J) – Equities research analysts at William Blair cut their Q3 2024 earnings per share estimates for shares of Jacobs Solutions in a report released on Wednesday, May 8th. William Blair analyst L. Dipalma now anticipates that the company will earn $2.03 per share for the quarter, down from their prior forecast of $2.10. William Blair has a “Market Perform” rating on the stock. The consensus estimate for Jacobs Solutions’ current full-year earnings is $8.07 per share. William Blair also issued estimates for Jacobs Solutions’ Q4 2024 earnings at $2.09 EPS and FY2024 earnings at $8.05 EPS.

Jacobs Solutions (NYSE:J) last announced its quarterly 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 company had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.33 billion. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.81 EPS.

Other equities research analysts have also issued reports about the company. Truist Financial cut their target price on Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating on the stock in a research report on Wednesday. Robert W. Baird cut their target price on Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating on the stock in a research report on Wednesday. Bank of America boosted their target price on Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. Argus upped their price target on Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Finally, Citigroup upped their price target on Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Jacobs Solutions currently has an average rating of “Moderate Buy” and an average target price of $156.25.

Jacobs Solutions Trading Up 0.9 %

Shares of Jacobs Solutions stock opened at $139.79 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.42. The firm has a market cap of $17.56 billion, a price-to-earnings ratio of 26.99, a price-to-earnings-growth ratio of 1.57 and a beta of 0.74. The business has a fifty day simple moving average of $147.17 and a 200-day simple moving average of $138.31. Jacobs Solutions has a fifty-two week low of $109.00 and a fifty-two week high of $154.50.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 24th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.16 annualized dividend and a yield of 0.83%. Jacobs Solutions’s payout ratio is 22.39%.

Insider Activity at Jacobs Solutions

In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 1,852 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $148.00, for a total value of $274,096.00. Following the completion of the sale, the executive vice president now owns 28,791 shares in the company, valued at approximately $4,261,068. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 1,852 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $148.00, for a total value of $274,096.00. Following the completion of the sale, the executive vice president now owns 28,791 shares in the company, valued at approximately $4,261,068. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevin C. Berryman sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $153.20, for a total value of $229,800.00. Following the completion of the sale, the chief financial officer now owns 233,104 shares of the company’s stock, valued at approximately $35,711,532.80. The disclosure for this sale can be found here. Insiders sold a total of 24,338 shares of company stock worth $3,618,695 in the last 90 days. 1.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Jacobs Solutions

Hedge funds have recently modified their holdings of the stock. Nwam LLC acquired a new stake in Jacobs Solutions during the 1st quarter valued at $3,357,000. Gratus Wealth Advisors LLC increased its holdings in Jacobs Solutions by 2.4% during the 1st quarter. Gratus Wealth Advisors LLC now owns 5,238 shares of the company’s stock valued at $752,000 after purchasing an additional 125 shares in the last quarter. Great Lakes Retirement Inc. increased its holdings in Jacobs Solutions by 3.4% during the 1st quarter. Great Lakes Retirement Inc. now owns 9,505 shares of the company’s stock valued at $1,461,000 after purchasing an additional 312 shares in the last quarter. Kingsview Wealth Management LLC boosted its position in Jacobs Solutions by 30.2% in the 1st quarter. Kingsview Wealth Management LLC now owns 3,110 shares of the company’s stock valued at $478,000 after buying an additional 721 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Jacobs Solutions by 21.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 147,278 shares of the company’s stock valued at $22,641,000 after buying an additional 26,342 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Company Profile

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.