Jacobs Solutions (J) Set to Announce Quarterly Earnings on Tuesday

Jacobs Solutions (NYSE:J) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, November 19th. Analysts expect Jacobs Solutions to post earnings of $2.08 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Jacobs Solutions Trading Down 0.4 %

NYSE J opened at $140.01 on Friday. The firm has a market capitalization of $17.40 billion, a PE ratio of 27.67, a P/E/G ratio of 1.57 and a beta of 0.71. The stock’s 50 day moving average is $142.85 and its 200 day moving average is $142.62. Jacobs Solutions has a twelve month low of $100.59 and a twelve month high of $150.54. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Friday, October 25th. Jacobs Solutions’s dividend payout ratio (DPR) is presently 22.92%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on J shares. UBS Group lifted their target price on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a report on Friday, October 4th. Royal Bank of Canada lifted their price target on Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Citigroup increased their price objective on shares of Jacobs Solutions from $138.60 to $166.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Truist Financial decreased their target price on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $159.30.

Insiders Place Their Bets

In other news, EVP Shelette M. Gustafson sold 4,167 shares of Jacobs Solutions stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $150.14, for a total transaction of $625,633.38. Following the transaction, the executive vice president now directly owns 24,564 shares of the company’s stock, valued at $3,688,038.96. The trade was a 14.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher M.T. Thompson sold 1,898 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 42,069 shares of the company’s stock, valued at $6,346,108.65. This represents a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.