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

Jacobs Solutions Inc. (NYSE:J - Get Free Report) announced a quarterly dividend on Thursday, May 2nd, RTT News reports. Shareholders of record on Friday, May 24th will be paid a dividend of 0.29 per share on Friday, June 21st. This represents a $1.16 dividend on an annualized basis and a yield of 0.80%.

Jacobs Solutions has raised its dividend by an average of 11.0% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Jacobs Solutions has a dividend payout ratio of 12.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Jacobs Solutions to earn $8.94 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 13.0%.

Jacobs Solutions Stock Performance

Jacobs Solutions stock traded up $1.74 during mid-day trading on Thursday, reaching $144.93. 423,633 shares of the stock traded hands, compared to its average volume of 632,389. Jacobs Solutions has a 12-month low of $109.00 and a 12-month high of $154.50. The business's 50-day moving average is $147.40 and its 200-day moving average is $138.00. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market capitalization of $18.21 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 1.52 and a beta of 0.74.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.56 by $0.46. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same quarter in the previous year, the firm posted $1.67 EPS. The company's revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, sell-side analysts predict that Jacobs Solutions will post 8.07 EPS for the current fiscal year.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of the company's stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $145.31, for a total value of $217,965.00. Following the transaction, the chief financial officer now directly owns 231,604 shares in the company, valued at approximately $33,654,377.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $153.20, for a total value of $1,072,400.00. Following the completion of the sale, the insider now directly owns 555,138 shares in the company, valued at $85,047,141.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevin C. Berryman sold 1,500 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $145.31, for a total transaction of $217,965.00. Following the transaction, the chief financial officer now owns 231,604 shares in the company, valued at $33,654,377.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,338 shares of company stock worth $2,611,675. Insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Royal Bank of Canada increased their target price on Jacobs Solutions from $151.00 to $161.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 7th. Bank of America boosted their target price on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a "neutral" rating in a report on Tuesday, April 2nd. Citigroup raised their target price on shares of Jacobs Solutions from $161.00 to $169.00 and gave the company a "buy" rating in a research note on Monday, April 22nd. Truist Financial started coverage on shares of Jacobs Solutions in a research note on Thursday, March 14th. They issued a "hold" rating and a $154.00 price target on the stock. Finally, KeyCorp began coverage on shares of Jacobs Solutions in a report on Wednesday, January 10th. They set a "sector weight" rating for the company. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $155.25.

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.