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

Jacobs Solutions Inc. (NYSE:J) announced a quarterly dividend on Thursday, January 30th,RTT News reports. Stockholders 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 dividend yield of 0.91%. The ex-dividend date of this dividend is Friday, February 21st. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.29.

Jacobs Solutions has raised its dividend payment by an average of 11.4% per year over the last three years. Jacobs Solutions has a payout ratio of 17.0% indicating that its dividend is sufficiently covered by earnings. 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 Trading Up 0.1 %

J opened at $139.99 on Friday. The business’s 50-day simple moving average is $136.73 and its 200-day simple moving average is $141.51. The company has a market cap of $17.36 billion, a P/E ratio of 22.12, a PEG ratio of 2.07 and a beta of 0.72. Jacobs Solutions has a one year low of $110.95 and a one year high of $150.54. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.20 and a current ratio of 1.20.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.71). The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $4.50 billion. Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.90 EPS. As a group, equities research analysts expect that Jacobs Solutions will post 6.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. The Goldman Sachs Group restated a “neutral” rating and issued a $150.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Truist Financial lifted their price objective on Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. Robert W. Baird upped their target price on Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. StockNews.com started coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They set a “hold” rating for the company. Finally, Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target on the stock in a report on Friday, October 4th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.00.

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.