Jacobs Solutions Inc. (J) To Go Ex-Dividend on February 21st

Jacobs Solutions Inc. (NYSE:J) announced a quarterly dividend on Thursday, January 30th,RTT News reports. Shareholders of record on Friday, February 21st will be paid a dividend of 0.32 per share on Friday, March 21st. This represents a $1.28 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Friday, February 21st. This is a positive change 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 dividend payout ratio of 17.0% meaning its dividend is sufficiently covered by earnings. Equities 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 %

Shares of J opened at $139.99 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $17.36 billion, a P/E ratio of 22.12, a price-to-earnings-growth ratio of 2.07 and a beta of 0.72. The company has a 50 day simple moving average of $136.73 and a two-hundred day simple moving average of $141.51. Jacobs Solutions has a 1 year low of $110.95 and a 1 year high of $150.54.

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on J. Citigroup cut their price target on shares of Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday. Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target for the company in a research report on Friday, October 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $152.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Truist Financial increased their price target on shares of Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. Finally, Benchmark downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $156.00.

About Jacobs Solutions

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.