Jacobs Solutions (J) to Release Quarterly Earnings on Tuesday

Jacobs Solutions (NYSE:J) will release its earnings data before the market opens on Tuesday, May 7th. Analysts expect Jacobs Solutions to post earnings of $1.84 per share for the quarter. Jacobs Solutions has set its FY 2024 guidance at 7.700-8.200 EPS and its FY24 guidance at $7.70-$8.20 EPS.Parties that wish to register for the company’s conference call can do so using this link.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.46. The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.02 billion. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. Jacobs Solutions’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.67 EPS. On average, analysts expect Jacobs Solutions to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Jacobs Solutions Stock Up 0.6 %

NYSE J opened at $145.85 on Tuesday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.42. Jacobs Solutions has a 52 week low of $109.00 and a 52 week high of $154.50. The firm has a market capitalization of $18.33 billion, a price-to-earnings ratio of 26.04, a PEG ratio of 1.54 and a beta of 0.73. The company has a fifty day moving average of $147.47 and a two-hundred day moving average of $137.93.

Insider Buying and Selling

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the completion of the sale, the insider now owns 555,138 shares of the company’s stock, valued at approximately $85,047,141.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Kevin C. Berryman sold 1,500 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $229,800.00. Following the completion of the transaction, the chief financial officer now directly owns 233,104 shares in the company, valued at $35,711,532.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the completion of the sale, the insider now directly owns 555,138 shares in the company, valued at $85,047,141.60. The disclosure for this sale can be found here. Insiders sold 15,838 shares of company stock worth $2,393,710 in the last three months. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

J has been the subject of a number of recent analyst reports. Citigroup lifted their price target on shares of Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Truist Financial started coverage on Jacobs Solutions in a research note on Thursday, March 14th. They set a “hold” rating and a $154.00 price target for the company. Bank of America upped their price objective on Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada lifted their target price on Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Finally, Argus upped their price target on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $155.25.

Jacobs Solutions Company Profile

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.