Jacobs Solutions Inc. (NYSE:J) Raises Dividend to $0.32 Per Share

Jacobs Solutions Inc. (NYSE:J) announced a quarterly dividend on Thursday, January 30th,RTT News reports. Investors of record on Friday, February 21st will be paid a dividend of 0.32 per share on Friday, March 21st. This represents a $1.28 dividend on an annualized basis and a yield of 0.92%. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.29.

Jacobs Solutions has increased its dividend payment by an average of 11.4% per year over the last three years. Jacobs Solutions has a dividend payout ratio of 17.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Jacobs Solutions to earn $6.76 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 17.2%.

Jacobs Solutions Price Performance

Jacobs Solutions stock opened at $139.86 on Friday. Jacobs Solutions has a 12-month low of $110.95 and a 12-month high of $150.54. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average price of $136.65 and a 200-day moving average price of $141.52. The firm has a market capitalization of $17.35 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 2.07 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $4.50 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.90 earnings per share. As a group, equities research analysts forecast that Jacobs Solutions will post 6.06 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. The Goldman Sachs Group restated a “neutral” rating and set a $150.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a research report on Friday, October 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $152.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. StockNews.com initiated coverage on shares of Jacobs Solutions in a report on Wednesday, December 4th. They set a “hold” rating on the stock. Finally, Truist Financial boosted 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 analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $156.00.

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.