Jacobs Solutions Reports Solid Earnings, Exceeding Expectations

Jacobs Solutions (NYSE:J - Get Free Report) announced its earnings results on Tuesday, revealing an earnings per share (EPS) of $1.33 for the quarter. This result surpassed analysts' expectations, which were set at $1.29, by $0.04, according to reports from Zacks. The company also reported a net margin of 5.16% and a return on equity (ROE) of 14.82%.

Stock Performance Overview

On Tuesday, shares of Jacobs Solutions opened at $138.80. The company boasts a market capitalization of approximately $17.21 billion. It has a price-to-earnings (P/E) ratio of 21.93 and a price-to-earnings growth (PEG) ratio of 2.11, with a beta of 0.72. Over the past year, Jacobs Solutions has experienced a twelve-month low of $110.95 and a high of $150.54. Current liquidity ratios for the company include a quick ratio of 1.20 and a current ratio of 1.20, with a debt-to-equity ratio standing at 0.30. The fifty-day and two-hundred-day simple moving averages are $136.78 and $141.36, respectively.

Dividend Announcement

In addition to their earnings report, Jacobs Solutions has declared a quarterly dividend of $0.32, which is set to be distributed on March 21st. Investors who are on record by February 21st will be eligible for this dividend. This dividend represents an annualized amount of $1.28, yielding 0.92% and reflects an increase from the previous quarterly dividend of $0.29. The company currently has a payout ratio of 18.33%.

Analyst Ratings Updates

Recently, several analysts have commented on Jacobs Solutions' stock. The Goldman Sachs Group maintained a "neutral" rating, setting a price target of $150.00 per share. Meanwhile, Citigroup lowered their target from $161.00 to $160.00, also giving a "buy" rating. Truist Financial increased their price target from $137.00 to $142.00 while maintaining a "hold" rating. Additionally, Benchmark changed its rating from "buy" to "hold." Currently, there are six analysts who rate the stock as a hold and six who recommend it as a buy, resulting in a consensus rating of "Moderate Buy" with an average target price of $156.00.

Company Overview

Jacobs Solutions Inc provides a range of services including consulting, technical, engineering, scientific, and project delivery, catering to government and private sectors across various regions including the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. The company operates through several segments including Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting.

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