Brokers Predict Jacobs Solutions Inc. Earnings in Q1 2023 (NYSE:J)
Jacobs Solutions, Inc., also known simply as Jacobs Solutions, is a corporation that provides services in the area of problem-solving. Estimates of earnings per share for the first quarter of 2023 were provided by KeyCorp research analysts in a report that was published on November 21 and related to Jacobs Solutions shares. S. Eastman, an analyst at KeyCorp, forecasts that the business will earn $1.62 per share in the fourth quarter. The most recent projections for Jacobs Solutions’s annual earnings put the per-share figure at $7.76. KeyCorp also predicted that Jacobs Solutions would earn $1.79 per share in the second quarter of 2023, $1.98 per share in the third quarter of 2023, $1.96 per share in the fourth quarter of 2023, $7.35 per share in the fiscal year 2023, $8.25 per share in the fiscal year 2024, and $9.25 per share in the fiscal year 2025.
On Monday, November 21, Jacobs Solutions (NYSE: J) announced its earnings to the public. The company reported earnings per share (EPS) of $1.80 for the quarter, which was $0.03 better than the expectation that was being used, which was $1.77. The return on equity for Jacobs Solutions was 14.76%, and the company’s net margin was 4.32%. The revenue for the quarter came in at $3.88 billion, which is higher than the $3.85 billion that experts had anticipated. During the same period the previous year, the company had $1.58 per share earnings. Compared to the same quarter of the previous year, revenue saw an increase of 8.2%.
The share price of Jacobs Solutions was $123.50 when the market opened on Wednesday. In the past year, shares of Jacobs Solutions have ranged in price from a low of $106.78 to a high of $150.32. The firm’s market capitalization is currently sitting at $15.76 billion, while its PE ratio comes in at 24.80, its P/E/G ratio sits at 1.46, and its beta is at 0.88. The stock’s moving average over the past fifty days is $116.10, and its moving average for the past 200 days is $124.65. The debt-to-equity ratio comes in at 0.55, the current ratio comes in at 1.45, and the quick ratio comes in at 1.43.
Numerous articles have been written about the company by various equity research experts. Credit Suisse Group upgraded their price target on Jacobs Solutions from $154.00 to $161.00 and gave the stock an “outperform” rating in a research report published on Tuesday. This past Wednesday, October 12, StockNews.com expanded its coverage to include Jacobs Solutions. They suggested that the organization make a “purchase” decision. Citigroup lowered their price objective on Jacobs Solutions from $155.00 to $151.00 and gave the company a “buy” rating in a report published on Tuesday, August 2.
Last but not least, in a report published on Tuesday, the Royal Bank of Canada lowered its price objective on Jacobs Solutions from $155.00 to $150.00 while maintaining its “outperform” rating on the business. Two analysts recommend holding onto the stock, while six experts recommend purchasing it. According to data provided by Bloomberg, the current average rating for Jacobs Solutions is “Moderate Buy,” and the consensus price objective for the company is $157.0.
In addition, the corporation announced and distributed a quarterly dividend on October 28, the day the dividend was paid. Shareholders who were “recorded” as part of the company as of September 30 received a dividend payment of $0.23. This translates into a dividend payment of $0.92 per year and a yield of 0.74%. The ex-dividend date was September 29, which was a Thursday. In terms of dividend payout ratios (DPR), Jacobs Solutions has 18.47%.
On Friday, November 18, Steven J. Demetriou, CEO of Jacobs Solutions, sold 51,130 shares of the company’s stock, as reported in other news aboutabout Jacobs Solutions. The stock was bought and sold at an average price of $125.10 per share for a total of $6,396,363.00. Due to the sale, the Chief Executive Officer now has direct ownership of 631,447 shares of the company’s stock, which have a value of $78,994,019.70. The transaction was made public through a filing with the Securities and Exchange Commission, which may be located by following this link. One percent of the corporation’s total shares are held privately by company insiders.