Jacobs Solutions Inc. (NYSE:J) to Issue Quarterly Dividend of $0.32

Jacobs Solutions Inc. (NYSE:J) declared a quarterly dividend on Thursday, January 30th,RTT News reports. Shareholders of record on Friday, February 21st will be given a dividend of 0.32 per share on Friday, March 21st. This represents a $1.28 annualized dividend and a yield of 0.92%. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.29.

Jacobs Solutions has increased its dividend payment by an average of 11.4% annually over the last three years. Jacobs Solutions has a dividend payout ratio of 17.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Jacobs Solutions to earn $6.76 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 17.2%.

Jacobs Solutions Stock Performance

J stock traded up $2.60 during trading hours on Thursday, hitting $139.86. 870,744 shares of the stock were exchanged, compared to its average volume of 644,329. 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 firm has a market capitalization of $17.35 billion, a P/E ratio of 22.09, a P/E/G ratio of 2.14 and a beta of 0.72. The company has a 50-day simple moving average of $136.65 and a two-hundred day simple moving average of $141.52. Jacobs Solutions has a 12 month low of $110.95 and a 12 month high of $150.54.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.71). The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the company posted $1.90 earnings per share. On average, analysts forecast that Jacobs Solutions will post 6.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on J shares. Robert W. Baird raised their price objective on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Truist Financial raised their price objective on Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. StockNews.com started coverage on Jacobs Solutions in a research report on Wednesday, December 4th. They set a “hold” rating for the company. The Goldman Sachs Group restated a “neutral” rating and set a $150.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Finally, Citigroup lowered their price objective on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.