Jacobs Solutions Inc. (NYSE:J) Plans $0.32 Quarterly Dividend

Key Points

• Jacobs Solutions Inc. has declared a quarterly dividend of $0.32 per share, which translates to an annualized dividend of $1.28 and a yield of 0.90%, payable on September 19th to investors of record on August 22nd.
• The company has a low payout ratio of 18.6%, indicating strong earnings coverage for its dividend, with analysts projecting earnings of $6.86 per share next year.
• Recent analyst ratings show a consensus "Moderate Buy" rating for Jacobs Solutions, with target prices ranging from $141.00 to $166.00, reflecting positive sentiment towards the stock's potential.

Jacobs Solutions Inc. (NYSE:J - Get Free Report) declared a quarterly dividend on Thursday, July 31st, RTT News reports. Shareholders of record on Friday, August 22nd will be given a dividend of 0.32 per share on Friday, September 19th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 22nd.

Jacobs Solutions has a payout ratio of 18.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Jacobs Solutions to earn $6.86 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 18.7%.

Jacobs Solutions Stock Performance

Jacobs Solutions stock traded down $2.63 during mid-day trading on Friday, reaching $139.24. The company's stock had a trading volume of 1,043,912 shares, compared to its average volume of 616,574. The firm has a market cap of $16.73 billion, a price-to-earnings ratio of 38.36, a PEG ratio of 2.00 and a beta of 0.79. The business has a 50 day moving average price of $132.28 and a 200-day moving average price of $128.17. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.68. Jacobs Solutions has a twelve month low of $106.23 and a twelve month high of $150.54.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.02. Jacobs Solutions had a net margin of 3.53% and a return on equity of 15.67%. The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the previous year, the company posted $1.91 earnings per share. The company's revenue for the quarter was up 2.2% compared to the same quarter last year. Sell-side analysts predict that Jacobs Solutions will post 6.05 EPS for the current fiscal year.

Institutional Trading of Jacobs Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the stock. D.A. Davidson & CO. raised its holdings in Jacobs Solutions by 1.6% during the 2nd quarter. D.A. Davidson & CO. now owns 4,439 shares of the company's stock worth $584,000 after buying an additional 71 shares during the period. Fulton Bank N.A. increased its holdings in shares of Jacobs Solutions by 0.9% in the 2nd quarter. Fulton Bank N.A. now owns 8,570 shares of the company's stock valued at $1,127,000 after purchasing an additional 74 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Jacobs Solutions by 8.1% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,036 shares of the company's stock valued at $136,000 after purchasing an additional 78 shares during the period. Orion Portfolio Solutions LLC increased its holdings in shares of Jacobs Solutions by 0.8% in the 4th quarter. Orion Portfolio Solutions LLC now owns 11,006 shares of the company's stock valued at $1,471,000 after purchasing an additional 83 shares during the period. Finally, Benjamin Edwards Inc. increased its holdings in shares of Jacobs Solutions by 5.3% in the 4th quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company's stock valued at $231,000 after purchasing an additional 87 shares during the period. Institutional investors and hedge funds own 85.65% of the company's stock.

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.