Jacobs Solutions (NYSE:J) Issues Earnings Results, Beats Estimates By $0.04 EPS

Jacobs Solutions (NYSE:J) released its quarterly earnings results on Tuesday. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04, Zacks reports. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter last year, the business posted $1.45 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Jacobs Solutions updated its FY 2025 guidance to 5.850-6.200 EPS and its FY25 guidance to $5.85-6.20 EPS.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $132.57 on Thursday. Jacobs Solutions has a 1 year low of $110.95 and a 1 year high of $150.54. The stock has a market capitalization of $16.44 billion, a P/E ratio of 20.94, a P/E/G ratio of 2.11 and a beta of 0.72. The company’s 50-day moving average is $136.46 and its 200 day moving average is $141.13. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.20.

Jacobs Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be issued a $0.32 dividend. The ex-dividend date is Friday, February 21st. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 0.97%. Jacobs Solutions’s dividend payout ratio is 18.33%.

Analysts Set New Price Targets

A number of research analysts have commented on J shares. Royal Bank of Canada reiterated an “outperform” rating and set a $152.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. StockNews.com assumed coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They issued a “hold” rating for the company. Benchmark cut Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Citigroup lowered their target price on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, Truist Financial boosted their price objective on Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $155.89.

Jacobs Solutions announced that its Board of Directors has authorized a share repurchase plan on Tuesday, February 4th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its stock is undervalued.

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.