Brokers Offer Predictions for Jacobs Solutions Inc.’s Q1 2023 Earnings (NYSE:J)

Jacobs Solutions Inc. (NYSE:JGet Rating) – Research analysts at KeyCorp issued their Q1 2023 earnings per share estimates for shares of Jacobs Solutions in a report issued on Monday, November 21st. KeyCorp analyst S. Eastman forecasts that the company will post earnings per share of $1.62 for the quarter. The consensus estimate for Jacobs Solutions’ current full-year earnings is $7.76 per share. KeyCorp also issued estimates for Jacobs Solutions’ Q2 2023 earnings at $1.79 EPS, Q3 2023 earnings at $1.98 EPS, Q4 2023 earnings at $1.96 EPS, FY2023 earnings at $7.35 EPS, FY2024 earnings at $8.25 EPS and FY2025 earnings at $9.25 EPS.

Other equities research analysts have also issued research reports about the company. Credit Suisse Group lifted their price objective on Jacobs Solutions from $154.00 to $161.00 and gave the stock an “outperform” rating in a report on Tuesday. assumed coverage on Jacobs Solutions in a report on Wednesday, October 12th. They issued a “buy” rating for the company. Citigroup decreased their price objective on Jacobs Solutions from $155.00 to $151.00 and set a “buy” rating for the company in a report on Tuesday, August 2nd. Finally, Royal Bank of Canada decreased their price objective on Jacobs Solutions from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Tuesday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Jacobs Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $157.00.

Jacobs Solutions Trading Up 1.0 %

Shares of Jacobs Solutions stock opened at $123.50 on Wednesday. Jacobs Solutions has a 1 year low of $106.78 and a 1 year high of $150.32. The firm has a market cap of $15.76 billion, a PE ratio of 24.80, a P/E/G ratio of 1.46 and a beta of 0.88. The stock has a fifty day moving average price of $116.10 and a 200-day moving average price of $124.65. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.45 and a quick ratio of 1.43.

Jacobs Solutions (NYSE:JGet Rating) last announced its earnings results on Monday, November 21st. The company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.03. Jacobs Solutions had a return on equity of 14.76% and a net margin of 4.32%. The firm had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.85 billion. During the same period last year, the firm posted $1.58 EPS. The business’s revenue was up 8.2% compared to the same quarter last year.

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 28th. Shareholders of record on Friday, September 30th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.74%. The ex-dividend date was Thursday, September 29th. Jacobs Solutions’s dividend payout ratio (DPR) is 18.47%.

Insiders Place Their Bets

In other Jacobs Solutions news, CEO Steven J. Demetriou sold 51,130 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now directly owns 631,447 shares of the company’s stock, valued at $78,994,019.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Jacobs Solutions during the third quarter valued at $26,000. Clear Street Markets LLC lifted its holdings in Jacobs Solutions by 405.7% in the second quarter. Clear Street Markets LLC now owns 268 shares of the company’s stock valued at $34,000 after acquiring an additional 215 shares during the period. CX Institutional bought a new position in Jacobs Solutions in the second quarter valued at about $35,000. First Horizon Advisors Inc. lifted its holdings in Jacobs Solutions by 593.0% in the second quarter. First Horizon Advisors Inc. now owns 298 shares of the company’s stock valued at $37,000 after acquiring an additional 255 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Jacobs Solutions in the second quarter valued at about $40,000. 86.73% of the stock is 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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