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

Jacobs Solutions (NYSE:J) released its quarterly earnings results on Tuesday. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate 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 Performance

NYSE J opened at $138.80 on Tuesday. The business has a 50-day moving average price of $136.78 and a 200-day moving average price of $141.36. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. Jacobs Solutions has a twelve month low of $110.95 and a twelve month high of $150.54. The firm 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 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, February 21st. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a yield of 0.92%. Jacobs Solutions’s dividend payout ratio (DPR) is currently 18.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. StockNews.com began coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They issued a “hold” rating on the stock. Benchmark cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. The Goldman Sachs Group restated a “neutral” rating and issued a $150.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $152.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Finally, Robert W. Baird lifted their target price on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.