Jacobs Solutions (J) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Jacobs Solutions in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" J shares.
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5 Wall Street analysts have issued twelve-month price targets for Jacobs Solutions' stock. Their J share price forecasts range from $137.00 to $155.00. On average, they anticipate the company's share price to reach $149.00 in the next twelve months. This suggests a possible upside of 27.4% from the stock's current price.
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Jacobs Solutions' stock was trading at $120.07 at the beginning of the year. Since then, J stock has decreased by 2.6% and is now trading at $116.93.
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Jacobs Solutions saw a drop in short interest in the month of April. As of April 30th, there was short interest totaling 1,530,000 shares, a drop of 7.3% from the April 15th total of 1,650,000 shares. Based on an average daily volume of 615,400 shares, the days-to-cover ratio is currently 2.5 days. Currently, 1.2% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
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Jacobs Solutions Inc. (NYSE:J) announced its earnings results on Tuesday, May, 9th. The company reported $1.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.78 by $0.03. The firm earned $4.10 billion during the quarter, compared to analysts' expectations of $4 billion. Jacobs Solutions had a trailing twelve-month return on equity of 14.78% and a net margin of 4.96%. The business's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.72 EPS.
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Jacobs Solutions declared a quarterly dividend on Wednesday, April 26th. Shareholders of record on Friday, May 26th will be given a dividend of $0.26 per share on Friday, June 23rd. This represents a $1.04 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Thursday, May 25th.
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), American Century Mid Cap Growth Impact (MID), Hennessy Stance ESG Large Cap ETF (STNC), SPDR S&P Kensho Final Frontiers ETF (ROKT), 2ndVote Life Neutral Plus ETF (LYFE), Newday Ocean Health ETF (AHOY), Neuberger Berman Carbon Transition & Infrastructure ETF (NBCT) and Janus Henderson Net Zero Transition Resources ETF (JZRO).

Jacobs Solutions (NYSE:J) pays an annual dividend of $1.04 per share and currently has a dividend yield of 0.89%. 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 17.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, J will have a dividend payout ratio of 12.68% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for J.

Jacobs Solutions announced that its board has initiated a stock buyback program on Wednesday, January 25th 2023, which authorizes the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 6.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board believes its shares are undervalued.

Jacobs Solutions updated its FY23 earnings guidance on Tuesday, May, 9th. The company provided EPS guidance of $7.25-$7.45 for the period, compared to the consensus EPS estimate of $7.36.

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).

Jacobs Solutions trades on the New York Stock Exchange (NYSE) under the ticker symbol "J."

Jacobs Solutions' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (6.10%), State Street Corp (6.05%), Select Equity Group L.P. (3.72%), Allspring Global Investments Holdings LLC (2.70%), Mackenzie Financial Corp (2.50%) and Ruane Cunniff & Goldfarb L.P. (2.08%). Insiders that own company stock include Christopher MT Thompson, Dawne S Hickton, Joseph R Bronson, Kevin C Berryman, Linda Fayne Levinson, Michael R Tyler, Robert V Pragada and Steven J Demetriou.
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Shares of J stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of J stock can currently be purchased for approximately $116.93.

Jacobs Solutions (NYSE:J) has a market capitalization of $14.83 billion and generates $14.92 billion in revenue each year. The company earns $644.04 million in net income (profit) each year or $6.03 on an earnings per share basis.

The company employs 60,000 workers across the globe.

Jacobs Solutions' mailing address is 1999 Bryan Street Suite 1200, Dallas TX, 75201. The official website for the company is www.jacobs.com. The company can be reached via phone at (214) 583-8500, via email at investor.relations@jacobs.com, or via fax at 214-638-0447.