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

Jacobs Solutions (NYSE:J - Get Free Report) released its quarterly earnings data on Tuesday. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.04, Zacks reports. The firm had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.92 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. Jacobs Solutions's revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business 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 Up 0.4 %

Shares of J stock traded up $0.49 on Friday, hitting $133.97. The stock had a trading volume of 767,521 shares, compared to its average volume of 781,617. The stock's 50 day moving average is $136.30 and its 200-day moving average is $141.08. The firm has a market capitalization of $16.42 billion, a price-to-earnings ratio of 21.16, a P/E/G ratio of 2.11 and a beta of 0.72. Jacobs Solutions has a 52-week low of $110.95 and a 52-week high of $150.54. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.20 and a current ratio of 1.20.

Jacobs Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be given a dividend of $0.32 per share. The ex-dividend date of this dividend 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 0.96%. Jacobs Solutions's payout ratio is 26.39%.

Jacobs Solutions declared that its board has approved a share repurchase program on Tuesday, February 4th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms have commented on J. Royal Bank of Canada reiterated an "outperform" rating and set a $152.00 target price on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Benchmark lowered shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Robert W. Baird dropped their target price on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday. Citigroup reduced their price target on shares of Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Finally, Truist Financial raised their price objective on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a "hold" rating in a research note on Thursday, December 19th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Jacobs Solutions currently has a consensus rating of "Moderate Buy" and an average price target of $155.89.

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.