Jacobs Solutions Inc. (J) to Issue Quarterly Dividend of $0.29 on June 21st

Jacobs Solutions Inc. (NYSE:J) declared a quarterly dividend on Thursday, May 2nd, RTT News reports. Stockholders of record on Friday, May 24th will be paid a dividend of 0.29 per share on Friday, June 21st. This represents a $1.16 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Thursday, May 23rd.

Jacobs Solutions has raised its dividend payment by an average of 11.0% per year over the last three years and has increased its dividend every year for the last 3 years. Jacobs Solutions has a payout ratio of 12.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Jacobs Solutions to earn $8.94 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 13.0%.

Jacobs Solutions Stock Performance

Jacobs Solutions stock opened at $148.19 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 1.37. The firm’s fifty day moving average price is $147.38 and its 200 day moving average price is $138.05. The company has a market capitalization of $18.62 billion, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 1.54 and a beta of 0.74. Jacobs Solutions has a 12-month low of $109.00 and a 12-month high of $154.50.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.46. The company had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.02 billion. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. Jacobs Solutions’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.67 EPS. On average, research analysts forecast that Jacobs Solutions will post 8.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Bank of America lifted their price objective on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Truist Financial assumed coverage on shares of Jacobs Solutions in a research report on Thursday, March 14th. They set a “hold” rating and a $154.00 price objective for the company. Argus raised their target price on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Citigroup increased their price target on Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, KeyCorp initiated coverage on Jacobs Solutions in a research note on Wednesday, January 10th. They set a “sector weight” rating for the company. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Jacobs Solutions currently has an average rating of “Moderate Buy” and an average target price of $155.25.

Insider Buying and Selling

In related news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $143.86, for a total value of $1,007,020.00. Following the transaction, the insider now directly owns 548,138 shares in the company, valued at approximately $78,855,132.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $143.86, for a total value of $1,007,020.00. Following the completion of the transaction, the insider now directly owns 548,138 shares in the company, valued at $78,855,132.68. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $145.31, for a total transaction of $217,965.00. Following the completion of the transaction, the chief financial officer now directly owns 231,604 shares in the company, valued at $33,654,377.24. The disclosure for this sale can be found here. Insiders have sold 24,338 shares of company stock worth $3,618,695 in the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

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.