Jacobs Solutions (NYSE:J) Releases Earnings Results, Beats Estimates By $0.06 EPS

Key Points

• Jacobs Solutions reported earnings of $1.62 per share, exceeding estimates by $0.06, though revenue fell short at $3.03 billion compared to the estimated $3.09 billion.
• The company announced a $0.32 quarterly dividend, representing a $1.28 annualized dividend and a yield of 0.9%, with a dividend payout ratio of 35.26%.
• Jacobs Solutions' stock experienced a mid-day trading increase, reaching $144.56, while institutional ownership stands at 85.65% of its shares.

Jacobs Solutions (NYSE:J - Get Free Report) posted its earnings results on Tuesday. The company reported $1.62 earnings per share for the quarter, beating analysts' consensus estimates of $1.56 by $0.06, Zacks reports. Jacobs Solutions had a net margin of 3.53% and a return on equity of 15.67%. The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same period last year, the firm posted $1.96 earnings per share. Jacobs Solutions's revenue for the quarter was down 28.4% compared to the same quarter last year. Jacobs Solutions updated its FY 2025 guidance to 6.000-6.100 EPS.

Jacobs Solutions Stock Performance

Jacobs Solutions stock traded up $4.64 during mid-day trading on Tuesday, hitting $144.56. 515,869 shares of the company's stock traded hands, compared to its average volume of 827,024. The firm has a 50 day moving average price of $132.57 and a 200 day moving average price of $128.06. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.68. The company has a market cap of $17.37 billion, a PE ratio of 39.82, a price-to-earnings-growth ratio of 1.96 and a beta of 0.79. Jacobs Solutions has a one year low of $106.23 and a one year high of $150.54.

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 22nd will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.28 annualized dividend and a dividend yield of 0.9%. Jacobs Solutions's dividend payout ratio (DPR) is 35.26%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Jacobs Solutions stock. Woodline Partners LP grew its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 38.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,353 shares of the company's stock after buying an additional 2,891 shares during the period. Woodline Partners LP's holdings in Jacobs Solutions were worth $1,252,000 as of its most recent SEC filing. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

J has been the subject of several research analyst reports. Truist Financial lifted their target price on Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research report on Monday, May 12th. Citigroup boosted their target price on shares of Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a report on Monday, July 28th. KeyCorp upgraded shares of Jacobs Solutions from a "sector weight" rating to an "overweight" rating and set a $155.00 target price for the company in a report on Wednesday, July 16th. UBS Group cut their price objective on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Finally, Royal Bank Of Canada upped their price objective on shares of Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $153.25.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.