Jacobs Solutions (J) Stock Price, News & Analysis

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Jacobs Solutions in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" J shares.
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10 Wall Street research analysts have issued 12 month price objectives for Jacobs Solutions' shares. Their J share price targets range from $137.00 to $160.00. On average, they anticipate the company's share price to reach $149.60 in the next year. This suggests a possible upside of 15.3% from the stock's current price.
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Jacobs Solutions' stock was trading at $120.07 at the beginning of 2023. Since then, J shares have increased by 8.1% and is now trading at $129.80.
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Jacobs Solutions saw a increase in short interest during the month of December. As of December 15th, there was short interest totaling 1,530,000 shares, an increase of 15.0% from the November 30th total of 1,330,000 shares. Based on an average daily trading volume, of 815,600 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.2% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 6th 2024.
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Jacobs Solutions Inc. (NYSE:J) issued its earnings results on Tuesday, November, 21st. The company reported $1.90 EPS for the quarter, missing the consensus estimate of $2.02 by $0.12. The firm had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.21 billion. Jacobs Solutions had a net margin of 4.07% and a trailing twelve-month return on equity of 14.19%. The company's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the company earned $1.80 EPS.
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Jacobs Solutions announced a quarterly dividend on Thursday, September 28th. Shareholders of record on Friday, October 27th will be given a dividend of $0.26 per share on Thursday, November 9th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Thursday, October 26th.
Read our dividend analysis for J.

Jacobs Solutions (NYSE:J) pays an annual dividend of $1.04 per share and currently has a dividend yield of 0.80%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 19.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, J will have a dividend payout ratio of 11.65% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for J.

ETFs with the largest weight of Jacobs Solutions (NYSE:J) stock in their portfolio include Kovitz Core Equity ETF (EQTY), 2ndVote Life Neutral Plus ETF (LYFE), American Century Mid Cap Growth Impact (MID), Janus Henderson Net Zero Transition Resources ETF (JZRO), Newday Ocean Health ETF (AHOY), Neuberger Berman Carbon Transition & Infrastructure ETF (NBCT), WealthTrust DBS Long Term Growth ETF (WLTG) and Global X U.S. Infrastructure Development ETF (PAVE).

Jacobs Solutions announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, January 25th 2023, which permits the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 6.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its stock is undervalued.

Jacobs Solutions updated its FY24 earnings guidance on Tuesday, November, 21st. The company provided earnings per share guidance of $7.70-8.20 for the period, compared to the consensus EPS estimate of $8.30. The company issued revenue guidance of $1.53-1.60 billion, compared to the consensus revenue estimate of $17.29 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other Jacobs Solutions investors own include Advanced Micro Devices (AMD), Johnson & Johnson (JNJ), Bristol-Myers Squibb (BMY), AT&T (T), Salesforce (CRM), NVIDIA (NVDA), PayPal (PYPL), Cisco Systems (CSCO), Walt Disney (DIS) and Home Depot (HD).

Shares of J stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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