Earnings

Jacobs Solutions Reports Strong Quarterly Earnings, Exceeds Expectations

Published February 4, 2025

Jacobs Solutions (NYSE:J - Get Free Report) released its latest earnings report on Tuesday, revealing a strong performance for the quarter. The company achieved an earnings per share (EPS) of $1.33, which surpassed the analysts' consensus estimate of $1.29 by a margin of $0.04, as reported by Zacks. Additionally, Jacobs Solutions demonstrated financial stability with a net margin of 5.16% and a return on equity of 14.82%.

Market Performance

On the day of the announcement, Jacobs Solutions shares opened at $138.80. The company holds a market capitalization of $17.21 billion, with a price-to-earnings (P/E) ratio of 21.93 and a price-to-earnings growth (PEG) ratio of 2.11. Moreover, the stock has exhibited stability with a beta of 0.72. Over the past year, the shares have traded between a low of $110.95 and a high of $150.54. The company maintains a quick ratio and current ratio of 1.20, as well as a debt-to-equity ratio of only 0.30. The average price over the last fifty days has been $136.78, compared to $141.36 over the past two hundred days.

Dividend Announcement

In conjunction with its earnings results, Jacobs Solutions announced an increase in its quarterly dividend. The upcoming payment of $0.32 per share will be made to shareholders of record on Friday, March 21st. This represents an annualized dividend of $1.28 and offers a dividend yield of 0.92%. This new dividend is an increase from the previous quarterly payment of $0.29. The ex-dividend date is scheduled for Friday, February 21st. The company's current payout ratio is approximately 18.33%.

Analyst Ratings

Several analysts have recently revised their ratings on Jacobs Solutions stock. Goldman Sachs reaffirmed a "neutral" rating, setting a price target of $150.00 in a report published on December 10th. Meanwhile, Citigroup adjusted their price target from $161.00 to $160.00, maintaining a "buy" rating for the stock as per their report on January 29th. Truist Financial also raised their price target from $137.00 to $142.00 while recommending a "hold" rating in a report dated December 19th. New coverage from StockNews.com rated Jacobs Solutions as a "hold" on December 4th. Additionally, Benchmark changed their stance from a "buy" to a "hold" rating in a report on November 20th. Overall, six research analysts have given Jacobs Solutions a hold rating and six have assigned a buy rating, resulting in a consensus rating of "Moderate Buy" with an average target price of $156.00 according to MarketBeat data.

About Jacobs Solutions

Jacobs Solutions Inc offers a diverse range of services including consulting, technical, engineering, scientific, and project delivery for both government and private sectors across various global regions, including the United States, Europe, Canada, Asia, and the Middle East. Their operations are categorized into different segments such as Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting.

Earnings, Stocks, Dividends