Analysts Set Expectations for Jacobs Solutions Inc.'s Q3 2024 Earnings (NYSE:J)

Jacobs Solutions Inc. (NYSE:J - Free Report) - Analysts at William Blair lowered their Q3 2024 earnings per share (EPS) estimates for Jacobs Solutions in a note issued to investors on Wednesday, May 8th. William Blair analyst L. Dipalma now expects that the company will earn $2.03 per share for the quarter, down from their previous estimate of $2.10. William Blair currently 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 - Get Free Report) last issued its 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 business had revenue of $4.27 billion during the quarter, compared to analysts' expectations of $4.33 billion. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. Jacobs Solutions's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.81 EPS.

J has been the subject of several other research reports. Argus boosted their price objective on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a "buy" rating in a research report on Thursday, March 14th. KeyCorp assumed coverage on Jacobs Solutions in a report on Wednesday, January 10th. They issued a "sector weight" rating on the stock. Truist Financial dropped their price objective on Jacobs Solutions from $154.00 to $153.00 and set a "hold" rating for the company in a report on Wednesday. Citigroup lifted their price target on shares of Jacobs Solutions from $161.00 to $169.00 and gave the stock a "buy" rating in a research report on Monday, April 22nd. Finally, Robert W. Baird cut their price objective on shares of Jacobs Solutions from $168.00 to $163.00 and set an "outperform" rating on the stock in a report on Wednesday. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, Jacobs Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $156.25.

Jacobs Solutions Price Performance

Shares of NYSE:J traded up $1.28 during trading on Thursday, reaching $139.79. The stock had a trading volume of 1,086,217 shares, compared to its average volume of 658,571. The stock has a market capitalization of $17.56 billion, a PE ratio of 26.99, a P/E/G ratio of 1.57 and a beta of 0.74. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 1.37. Jacobs Solutions has a 52 week low of $109.00 and a 52 week high of $154.50. The business's 50-day moving average price is $147.17 and its 200 day moving average price is $138.31.

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 24th will be issued a $0.29 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $1.16 annualized dividend and a dividend yield of 0.83%. Jacobs Solutions's dividend payout ratio is currently 22.39%.

Insider Transactions at Jacobs Solutions

In other news, insider Steven J. Demetriou sold 7,000 shares of the company's stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $143.86, for a total value of $1,007,020.00. Following the transaction, the insider now owns 548,138 shares of the company's stock, valued at $78,855,132.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Shelette M. Gustafson sold 1,852 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now owns 28,791 shares of the company's stock, valued at $4,261,068. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of the firm's stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $143.86, for a total transaction of $1,007,020.00. Following the completion of the transaction, the insider now directly owns 548,138 shares in the company, valued at $78,855,132.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,338 shares of company stock worth $3,618,695. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Jacobs Solutions

Institutional investors have recently added to or reduced their stakes in the stock. First Pacific Financial acquired a new position in shares of Jacobs Solutions during the fourth quarter worth $27,000. GAMMA Investing LLC acquired a new position in Jacobs Solutions during the 4th quarter worth about $27,000. ICA Group Wealth Management LLC bought a new stake in shares of Jacobs Solutions in the 4th quarter valued at about $30,000. Union Savings Bank increased its stake in shares of Jacobs Solutions by 78.1% in the fourth quarter. Union Savings Bank now owns 285 shares of the company's stock valued at $37,000 after buying an additional 125 shares during the period. Finally, Northwest Financial Advisors bought a new position in shares of Jacobs Solutions during the fourth quarter worth about $39,000. 85.65% of the stock is currently 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.