Jacobs Solutions (J) Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Jacobs Solutions in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" J shares.
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7 Wall Street analysts have issued twelve-month target prices for Jacobs Solutions' stock. Their J share price forecasts range from $137.00 to $157.00. On average, they anticipate the company's stock price to reach $149.00 in the next twelve months. This suggests a possible upside of 10.9% 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 shares have increased by 11.9% and is now trading at $134.36.
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Jacobs Solutions saw a drop in short interest in August. As of August 31st, there was short interest totaling 1,030,000 shares, a drop of 15.6% from the August 15th total of 1,220,000 shares. Based on an average daily trading volume, of 581,200 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.8% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 20th 2023.
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Jacobs Solutions Inc. (NYSE:J) released its earnings results on Tuesday, August, 8th. The company reported $1.82 earnings per share for the quarter, hitting analysts' consensus estimates of $1.82. The company earned $4.19 billion during the quarter, compared to analyst estimates of $4.07 billion. Jacobs Solutions had a trailing twelve-month return on equity of 14.30% and a net margin of 4.65%. The business's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.86 earnings per share.
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Jacobs Solutions declared 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 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, October 26th.
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 (NYSE:J) pays an annual dividend of $1.04 per share and currently has a dividend yield of 0.76%. 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 17.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, J will have a dividend payout ratio of 12.58% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for J.

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

Jacobs Solutions updated its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided EPS guidance of $7.25-$7.45 for the period, compared to the consensus EPS estimate of $7.35. The company issued revenue guidance of -.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "J."

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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One share of J stock can currently be purchased for approximately $134.36.

Jacobs Solutions (NYSE:J) has a market capitalization of $16.92 billion and generates $14.92 billion in revenue each year. The company earns $644.04 million in net income (profit) each year or $5.80 on an earnings per share basis.

The company employs 60,000 workers across the globe.

Jacobs Solutions' mailing address is 1999 Bryan Street Suite 1200, Dallas TX, 75201. The official website for the company is www.jacobs.com. The company can be reached via phone at (214) 583-8500, via email at investor.relations@jacobs.com, or via fax at 214-638-0447.