Jacobs Solutions Inc. (NYSE:J) to Issue Quarterly Dividend of $0.29

Jacobs Solutions Inc. (NYSE:J) declared a quarterly dividend on Thursday, September 26th, NASDAQ reports. Stockholders of record on Friday, October 25th will be paid a dividend of 0.29 per share on Friday, November 22nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Friday, October 25th.

Jacobs Solutions has increased its dividend payment by an average of 11.0% annually over the last three years. Jacobs Solutions has a dividend payout ratio of 15.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Jacobs Solutions to earn $9.06 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 12.8%.

Jacobs Solutions Trading Down 0.3 %

Shares of Jacobs Solutions stock opened at $141.38 on Thursday. The firm has a market cap of $17.70 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 1.39 and a beta of 0.72. The business has a 50-day moving average price of $144.52 and a 200-day moving average price of $142.80. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31. Jacobs Solutions has a twelve month low of $100.59 and a twelve month high of $144.56.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, hitting the consensus estimate of $1.96. The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.39 billion. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The firm’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the business posted $1.82 earnings per share. Equities research analysts anticipate that Jacobs Solutions will post 7.95 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on J. Truist Financial cut their target price on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. Raymond James upgraded Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target on the stock in a research note on Friday, October 4th. StockNews.com upgraded Jacobs Solutions from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Citigroup boosted their price target on Jacobs Solutions from $138.60 to $166.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Robert W. Baird dropped their price target on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Jacobs Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $159.30.

Insider Activity

In other news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $146.88, for a total value of $1,028,160.00. Following the completion of the sale, the insider now directly owns 527,138 shares in the company, valued at $77,426,029.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 4,167 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.14, for a total value of $625,633.38. Following the completion of the sale, the executive vice president now directly owns 24,564 shares in the company, valued at $3,688,038.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $146.88, for a total value of $1,028,160.00. Following the completion of the sale, the insider now owns 527,138 shares of the company’s stock, valued at approximately $77,426,029.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,516 shares of company stock worth $2,152,693 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

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.