Jacobs Solutions Inc. (NYSE:J) to Post Q4 2023 Earnings of $1.90 Per Share, William Blair Forecasts

Jacobs Solutions Inc. (NYSE:JGet Rating) – Analysts at William Blair issued their Q4 2023 earnings per share (EPS) estimates for Jacobs Solutions in a research report issued on Monday, November 21st. William Blair analyst L. Dipalma anticipates that the company will post earnings per share of $1.90 for the quarter. The consensus estimate for Jacobs Solutions’ current full-year earnings is $7.41 per share. William Blair also issued estimates for Jacobs Solutions’ FY2024 earnings at $7.81 EPS.

Jacobs Solutions (NYSE:JGet Rating) last announced its earnings results on Monday, November 21st. The company reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.03. The company had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.85 billion. Jacobs Solutions had a return on equity of 14.76% and a net margin of 4.32%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.58 earnings per share.

Other equities analysts have also issued research reports about the company. Royal Bank of Canada lowered their price objective on Jacobs Solutions from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Tuesday. StockNews.com started coverage on Jacobs Solutions in a research note on Wednesday, October 12th. They set a “buy” rating on the stock. Citigroup lowered their price objective on Jacobs Solutions from $155.00 to $151.00 and set a “buy” rating on the stock in a research note on Tuesday, August 2nd. Finally, Credit Suisse Group raised their price objective on Jacobs Solutions from $154.00 to $161.00 and gave the stock an “outperform” rating in a research note on Tuesday. Two equities research 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $122.70 on Thursday. The firm has a market cap of $15.66 billion, a P/E ratio of 24.64, a price-to-earnings-growth ratio of 1.55 and a beta of 0.88. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 0.55. Jacobs Solutions has a 1-year low of $106.78 and a 1-year high of $150.32. The business’s 50 day moving average is $116.17 and its 200-day moving average is $124.54.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 28th. Investors of record on Friday, September 30th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Thursday, September 29th. Jacobs Solutions’s dividend payout ratio (DPR) is 18.47%.

Insider Activity at Jacobs Solutions

In related news, CEO Steven J. Demetriou sold 51,130 shares of the firm’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $125.10, for a total transaction of $6,396,363.00. Following the sale, the chief executive officer now owns 631,447 shares of the company’s stock, valued at approximately $78,994,019.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hilton Capital Management LLC increased its position in Jacobs Solutions by 3.7% in the 1st quarter. Hilton Capital Management LLC now owns 2,227 shares of the company’s stock valued at $307,000 after buying an additional 80 shares in the last quarter. Wedbush Securities Inc. increased its position in Jacobs Solutions by 3.4% in the 2nd quarter. Wedbush Securities Inc. now owns 2,468 shares of the company’s stock valued at $314,000 after buying an additional 80 shares in the last quarter. Heartland Bank & Trust Co increased its holdings in Jacobs Solutions by 2.1% during the 2nd quarter. Heartland Bank & Trust Co now owns 3,979 shares of the company’s stock worth $506,000 after purchasing an additional 83 shares in the last quarter. Ameritas Advisory Services LLC increased its holdings in Jacobs Solutions by 1.6% during the 1st quarter. Ameritas Advisory Services LLC now owns 5,508 shares of the company’s stock worth $759,000 after purchasing an additional 85 shares in the last quarter. Finally, Pinnacle Associates Ltd. increased its holdings in Jacobs Solutions by 4.7% during the 1st quarter. Pinnacle Associates Ltd. now owns 2,015 shares of the company’s stock worth $278,000 after purchasing an additional 90 shares in the last quarter. 86.73% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Company Profile

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Jacobs Solutions Inc provides consulting, technical, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, rest of Asia, Australia, New Zealand, South America, Mexico, the Middle East, and Africa. It provides cybersecurity, data analytics, systems and software application integration and consulting, enterprise and mission IT, engineering and design, nuclear, enterprise level operations and maintenance, artificial intelligence and automation, software development, digitally driven consulting, planning and architecture, program management, and other technical consulting solutions.

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Earnings History and Estimates for Jacobs Solutions (NYSE:J)

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