Research Analysts Issue Forecasts for Jacobs Solutions Inc.’s Q1 2023 Earnings (NYSE:J)

Jacobs Solutions Inc. (NYSE:JGet Rating) – Research analysts at William Blair issued their Q1 2023 earnings per share estimates for shares of Jacobs Solutions in a research report issued to clients and investors on Monday, November 21st. William Blair analyst L. Dipalma expects that the company will post earnings of $1.60 per share 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’ Q2 2023 earnings at $1.86 EPS, Q3 2023 earnings at $1.87 EPS and FY2023 earnings at $7.23 EPS.

Other equities analysts have also issued research reports about the company. StockNews.com assumed coverage on Jacobs Solutions in a research note on Wednesday, October 12th. They issued a “buy” rating on the stock. Royal Bank of Canada cut their price target on Jacobs Solutions from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Tuesday. Credit Suisse Group upped their price target on Jacobs Solutions from $154.00 to $161.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Citigroup cut their price target 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. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $156.20.

Jacobs Solutions Price Performance

Jacobs Solutions stock opened at $122.70 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.43 and a current ratio of 1.45. The firm has a market cap of $15.66 billion, a P/E ratio of 24.64, a P/E/G ratio of 1.55 and a beta of 0.88. The business’s fifty day moving average is $116.23 and its two-hundred day moving average is $124.53. Jacobs Solutions has a 52 week low of $106.78 and a 52 week high of $150.32.

Jacobs Solutions (NYSE:JGet Rating) last posted its quarterly earnings data on Monday, November 21st. The company reported $1.80 EPS 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 business’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.58 earnings per share.

Jacobs Solutions Announces Dividend

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

Insider Activity at Jacobs Solutions

In related news, CEO Steven J. Demetriou sold 51,130 shares of the company’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $125.10, for a total value of $6,396,363.00. Following the completion of the sale, the chief executive officer now owns 631,447 shares in the company, valued at $78,994,019.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Jacobs Solutions

Large investors have recently modified their holdings of the business. Meeder Asset Management Inc. bought a new stake in shares of Jacobs Solutions in the first quarter worth about $138,000. CWM LLC increased its holdings in shares of Jacobs Solutions by 32.1% in the second quarter. CWM LLC now owns 1,559 shares of the company’s stock worth $198,000 after acquiring an additional 379 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Jacobs Solutions by 22.1% in the first quarter. MetLife Investment Management LLC now owns 35,158 shares of the company’s stock worth $4,845,000 after acquiring an additional 6,368 shares in the last quarter. Brown Advisory Inc. increased its holdings in shares of Jacobs Solutions by 0.8% in the first quarter. Brown Advisory Inc. now owns 16,815 shares of the company’s stock worth $2,322,000 after acquiring an additional 132 shares in the last quarter. Finally, Scotia Capital Inc. boosted its position in shares of Jacobs Solutions by 6.5% during the first quarter. Scotia Capital Inc. now owns 6,146 shares of the company’s stock worth $847,000 after buying an additional 373 shares during the period. 86.73% of the stock is currently owned by institutional investors.

About Jacobs Solutions

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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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