Jacobs Solutions Stock Price, News & Analysis (NYSE:J)

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Jacobs Solutions in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" J shares.
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10 Wall Street analysts have issued 12 month price targets for Jacobs Solutions' shares. Their J share price targets range from $137.00 to $160.00. On average, they predict the company's stock price to reach $149.60 in the next twelve months. This suggests a possible upside of 17.6% from the stock's current price.
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Jacobs Solutions' stock was trading at $120.07 at the start of the year. Since then, J stock has increased by 5.9% and is now trading at $127.18.
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Jacobs Solutions saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 1,280,000 shares, an increase of 24.3% from the October 15th total of 1,030,000 shares. Based on an average daily volume of 576,800 shares, the short-interest ratio is currently 2.2 days. Currently, 1.0% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 6th 2024.
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Jacobs Solutions Inc. (NYSE:J) issued its quarterly earnings results on Tuesday, November, 21st. The company reported $1.90 earnings per share for the quarter, missing the consensus estimate of $2.02 by $0.12. The firm had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.21 billion. Jacobs Solutions had a net margin of 4.07% and a trailing twelve-month return on equity of 14.19%. The business's quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.80 earnings per share.
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Jacobs Solutions announced a quarterly dividend on Thursday, September 28th. Investors of record on Friday, October 27th will be paid a dividend of $0.26 per share on Thursday, November 9th. This represents a $1.04 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Thursday, October 26th.
Read our dividend analysis for J.

Jacobs Solutions (NYSE:J) pays an annual dividend of $1.04 per share and currently has a dividend yield of 0.84%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 19.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, J will have a dividend payout ratio of 11.54% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for J.

ETFs with the largest weight of Jacobs Solutions (NYSE:J) stock in their portfolio include Kovitz Core Equity ETF (EQTY), 2ndVote Life Neutral Plus ETF (LYFE), American Century Mid Cap Growth Impact (MID), Janus Henderson Net Zero Transition Resources ETF (JZRO), Newday Ocean Health ETF (AHOY), Neuberger Berman Carbon Transition & Infrastructure ETF (NBCT), WealthTrust DBS Long Term Growth ETF (WLTG) and Global X U.S. Infrastructure Development ETF (PAVE).

Jacobs Solutions declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, January 25th 2023, which allows the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 6.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued.

Jacobs Solutions updated its FY24 earnings guidance on Tuesday, November, 21st. The company provided EPS guidance of $7.70-8.20 for the period, compared to the consensus estimate of $8.30. The company issued revenue guidance of $1.53-1.60 billion, compared to the consensus revenue estimate of $17.29 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other Jacobs Solutions investors own include Advanced Micro Devices (AMD), Johnson & Johnson (JNJ), Bristol-Myers Squibb (BMY), AT&T (T), Salesforce (CRM), NVIDIA (NVDA), PayPal (PYPL), Cisco Systems (CSCO), Walt Disney (DIS) and Home Depot (HD).

Jacobs Solutions' stock is owned by many different institutional and retail investors. Top institutional shareholders include Primecap Management Co. CA (4.94%), Allspring Global Investments Holdings LLC (2.73%), Ruane Cunniff & Goldfarb L.P. (2.28%), Ninety One UK Ltd (1.53%), Third Point LLC (1.43%) and Invesco Ltd. (1.36%). Insiders that own company stock include Christopher MT Thompson, Dawne S Hickton, Kevin C Berryman, Linda Fayne Levinson, Michael R Tyler, Robert V Pragada and Steven J Demetriou.
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Shares of J stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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