Jacobs Solutions (NYSE:J) Updates FY 2024 Earnings Guidance

Jacobs Solutions (NYSE:J) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of $7.70-$8.20 for the period, compared to the consensus earnings per share estimate of $8.40. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

J has been the topic of several recent research reports. TD Cowen lifted their target price on shares of Jacobs Solutions from $128.00 to $143.00 and gave the company an outperform rating in a report on Thursday, August 10th. Citigroup upped their target price on Jacobs Solutions from $144.00 to $155.00 and gave the stock a buy rating in a research report on Wednesday, August 9th. Robert W. Baird raised their target price on Jacobs Solutions from $135.00 to $150.00 in a report on Wednesday, August 9th. Credit Suisse Group reduced their price target on Jacobs Solutions from $153.00 to $151.00 and set an outperform rating on the stock in a research report on Wednesday, August 9th. Finally, Royal Bank of Canada increased their price objective on shares of Jacobs Solutions from $152.00 to $157.00 and gave the company an outperform rating in a research report on Wednesday, August 9th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Jacobs Solutions has a consensus rating of Moderate Buy and an average price target of $149.11.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $136.98 on Tuesday. The business has a 50 day moving average price of $134.30 and a two-hundred day moving average price of $127.13. Jacobs Solutions has a fifty-two week low of $109.00 and a fifty-two week high of $141.16. The firm has a market cap of $17.25 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 1.64 and a beta of 0.83. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.48.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Friday, October 27th were paid a $0.26 dividend. The ex-dividend date of this dividend was Thursday, October 26th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.76%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 17.93%.

Insider Activity at Jacobs Solutions

In other news, insider Steven J. Demetriou sold 6,666 shares of the stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $138.97, for a total transaction of $926,374.02. Following the transaction, the insider now owns 567,960 shares of the company’s stock, valued at $78,929,401.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 19,998 shares of company stock valued at $2,722,394 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Jacobs Solutions

Institutional investors and hedge funds have recently bought and sold shares of the company. EP Wealth Advisors LLC acquired a new stake in shares of Jacobs Solutions during the first quarter worth $211,000. GTS Securities LLC bought a new position in Jacobs Solutions in the second quarter worth about $206,000. EPG Wealth Management LLC acquired a new position in Jacobs Solutions in the fourth quarter valued at approximately $204,000. Lido Advisors LLC acquired a new position in Jacobs Solutions in the first quarter valued at approximately $204,000. Finally, Horizon Investments LLC acquired a new stake in shares of Jacobs Solutions during the 1st quarter worth approximately $200,000. Institutional investors and hedge funds own 84.77% of the company’s stock.

Jacobs Solutions Company Profile

Jacobs Solutions Inc provides consulting, technical, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, South America, Mexico, the Middle East, and Africa. It operates through three segments: Critical Mission Solutions, People & Places Solutions, and PA Consulting.