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

Jacobs Solutions (NYSE:JGet Free Report) announced its quarterly earnings results on Tuesday. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04, Zacks reports. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%.

Jacobs Solutions Stock Down 1.0 %

NYSE:J opened at $138.80 on Tuesday. The company has a market cap of $17.21 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 2.11 and a beta of 0.72. Jacobs Solutions has a twelve month low of $110.95 and a twelve 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 stock has a fifty day simple moving average of $136.78 and a 200-day simple moving average of $141.36.

Jacobs Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Friday, February 21st. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s dividend payout ratio is 18.33%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on J. StockNews.com began coverage on Jacobs Solutions in a research report on Wednesday, December 4th. They set a “hold” rating for the company. The Goldman Sachs Group reiterated a “neutral” rating and set a $150.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Benchmark downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Truist Financial upped their target price on shares of Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $152.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $156.00.

View Our Latest Report on J

Jacobs Solutions Company Profile

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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.

See Also

Earnings History for Jacobs Solutions (NYSE:J)

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