FY2024 EPS Estimates for Jacobs Solutions Inc. (NYSE:J) Decreased by Analyst

Jacobs Solutions Inc. (NYSE:J) – Analysts at William Blair dropped their FY2024 earnings per share (EPS) estimates for Jacobs Solutions in a research note issued to investors on Monday, September 30th. William Blair analyst L. Dipalma now expects that the company will post earnings of $7.40 per share for the year, down from their previous forecast of $8.03. The consensus estimate for Jacobs Solutions’ current full-year earnings is $7.98 per share.

Other equities research analysts also recently issued research reports about the company. Truist Financial restated a “hold” rating and set a $158.00 price objective (up previously from $153.00) on shares of Jacobs Solutions in a report on Wednesday, August 7th. StockNews.com assumed coverage on Jacobs Solutions in a report on Wednesday. They set a “buy” rating for the company. UBS Group upped their price target on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Robert W. Baird decreased their price target on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Finally, Royal Bank of Canada upped their price target on Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $161.67.

Jacobs Solutions Trading Up 0.9 %

NYSE J opened at $132.07 on Wednesday. The company has a market cap of $16.54 billion, a price-to-earnings ratio of 25.50, a P/E/G ratio of 1.70 and a beta of 0.72. Jacobs Solutions has a 52 week low of $120.71 and a 52 week high of $156.31. The business has a 50 day moving average price of $145.80 and a 200-day moving average price of $143.98. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, meeting the consensus estimate of $1.96. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.39 billion. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.82 earnings per share.

Institutional Trading of Jacobs Solutions

Several institutional investors and hedge funds have recently modified their holdings of the business. Capital World Investors raised its holdings in shares of Jacobs Solutions by 0.8% in the 4th quarter. Capital World Investors now owns 6,398,776 shares of the company’s stock valued at $830,561,000 after acquiring an additional 49,545 shares in the last quarter. Boston Partners increased its position in shares of Jacobs Solutions by 27.9% during the 1st quarter. Boston Partners now owns 3,697,086 shares of the company’s stock valued at $567,436,000 after purchasing an additional 805,657 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Jacobs Solutions by 6.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company’s stock valued at $464,736,000 after purchasing an additional 192,166 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Jacobs Solutions by 11.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company’s stock valued at $169,366,000 after purchasing an additional 127,605 shares during the last quarter. Finally, Epoch Investment Partners Inc. increased its position in shares of Jacobs Solutions by 20.0% during the 4th quarter. Epoch Investment Partners Inc. now owns 826,336 shares of the company’s stock valued at $107,258,000 after purchasing an additional 137,604 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Insider Buying and Selling at Jacobs Solutions

In other news, Director Christopher M.T. Thompson sold 1,898 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total transaction of $286,313.30. Following the transaction, the director now owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 4,167 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $150.14, for a total value of $625,633.38. Following the sale, the executive vice president now owns 24,564 shares of the company’s stock, valued at approximately $3,688,038.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Christopher M.T. Thompson sold 1,898 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the sale, the director now directly owns 42,069 shares in the company, valued at approximately $6,346,108.65. The disclosure for this sale can be found here. Insiders sold 14,516 shares of company stock worth $2,152,693 in the last quarter. 1.00% of the stock is currently owned by company insiders.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 0.88%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 22.39%.

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.