Jacobs Solutions (NYSE:J) Releases FY24 Earnings Guidance

Jacobs Solutions (NYSE:J - Get Free Report) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $7.80-8.10 for the period, compared to the consensus estimate of $8.02.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on J shares. Bank of America raised their target price on Jacobs Solutions from $145.00 to $152.00 and gave the company a neutral rating in a report on Tuesday, April 2nd. KeyCorp assumed coverage on Jacobs Solutions in a research note on Wednesday, January 10th. They set a sector weight rating for the company. Royal Bank of Canada raised their price target on shares of Jacobs Solutions from $151.00 to $161.00 and gave the company an outperform rating in a research note on Wednesday, February 7th. Truist Financial initiated coverage on shares of Jacobs Solutions in a research report on Thursday, March 14th. They set a hold rating and a $154.00 price objective for the company. Finally, Citigroup boosted their target price on shares of Jacobs Solutions from $161.00 to $169.00 and gave the stock a buy rating in a research note on Monday, April 22nd. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $155.25.

Jacobs Solutions Stock Down 5.0 %

NYSE:J traded down $7.38 on Tuesday, hitting $141.70. The stock had a trading volume of 1,386,742 shares, compared to its average volume of 646,521. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.42. Jacobs Solutions has a 52 week low of $109.00 and a 52 week high of $154.50. The business's fifty day moving average is $147.46 and its 200 day moving average is $138.24. The company has a market cap of $17.80 billion, a PE ratio of 25.29, a P/E/G ratio of 1.57 and a beta of 0.74.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The company reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.56 by $0.46. The firm had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.02 billion. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The business's quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the firm earned $1.67 earnings per share. On average, equities research analysts expect that Jacobs Solutions will post 8.07 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 24th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.16 annualized dividend and a dividend yield of 0.82%. Jacobs Solutions's payout ratio is 20.71%.

Insider Buying and Selling 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 Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $229,800.00. Following the completion of the sale, the chief financial officer now directly owns 233,104 shares of the company's stock, valued at approximately $35,711,532.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Patrick Hill sold 5,486 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $149.00, for a total transaction of $817,414.00. Following the completion of the transaction, the executive vice president now owns 57,233 shares in the company, valued at $8,527,717. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Kevin C. Berryman sold 1,500 shares of the firm's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $229,800.00. Following the sale, the chief financial officer now owns 233,104 shares of the company's stock, valued at approximately $35,711,532.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,338 shares of company stock worth $3,618,695. Corporate insiders own 1.00% 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.