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

Jacobs Solutions (NYSE:J - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.29 by $0.04, Zacks reports. The business had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.92 billion. Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The company's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.45 earnings per share. 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 Stock Performance

J stock traded up $0.49 during trading on Friday, reaching $133.97. 767,521 shares of the company's stock were exchanged, compared to its average volume of 781,617. Jacobs Solutions has a 1-year low of $110.95 and a 1-year high of $150.54. The firm has a market cap of $16.42 billion, a PE ratio of 21.16, a P/E/G ratio of 2.11 and a beta of 0.72. The company's fifty day moving average price is $136.30 and its 200-day moving average price is $141.08. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30.

Jacobs Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.96%. This is a positive change from Jacobs Solutions's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, February 21st. Jacobs Solutions's dividend payout ratio is 26.39%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on J shares. Truist Financial upped their price target on Jacobs Solutions from $137.00 to $142.00 and gave the company a "hold" rating in a research report on Thursday, December 19th. Robert W. Baird dropped their target price on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday. Benchmark lowered shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. StockNews.com assumed coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They set a "hold" rating on the stock. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $150.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 10th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $155.89.

Jacobs Solutions announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, February 4th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to buy up to 9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

Jacobs Solutions Company Profile

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.