Jacobs Solutions Inc. (NYSE:J) Announces Dividend Increase – $0.32 Per Share

Jacobs Solutions Inc. (NYSE:J) announced a quarterly dividend on Thursday, January 30th,RTT News reports. Investors 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 dividend on an annualized basis and a dividend yield of 0.92%. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29.

Jacobs Solutions has raised its dividend by an average of 11.4% annually over the last three years. Jacobs Solutions has a dividend payout ratio of 17.0% meaning 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 Stock Performance

Shares of NYSE:J traded up $2.60 during midday trading on Thursday, reaching $139.86. 870,744 shares of the company traded hands, compared to its average volume of 644,329. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. Jacobs Solutions has a 12 month low of $110.95 and a 12 month high of $150.54. The firm has a market capitalization of $17.35 billion, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 2.14 and a beta of 0.72. The firm’s fifty day moving average price is $136.65 and its two-hundred day moving average price is $141.52.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $4.50 billion. During the same quarter in the previous year, the firm posted $1.90 earnings per share. The business’s revenue for the quarter 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 year.

Analyst Ratings Changes

A number of brokerages have weighed in on J. Citigroup decreased their target price on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday. Benchmark lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Robert W. Baird upped their target price on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. StockNews.com began coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They issued a “hold” rating on the stock. Finally, Raymond James upgraded Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a research note on Friday, October 4th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Jacobs Solutions 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.