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Monday, June 5, 2023

Momentum Is Strong For Jacobs Solutions Inc. (NYSE: J)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Jacobs Solutions Inc. (J) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.50, or 0.44%, to $114.51. The Jacobs Solutions Inc. has recorded 14,189 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Jacobs Selected as Program Manager for Orlando International Airport Terminal C.

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Stocks Info

This NYSE-listed company operates within the Engineering & Construction industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $114.01 and fluctuated between $115.50 as its day high and $113.82 as its day low. The current market capitalization of Jacobs Solutions Inc. is $14.58B. A total of 0.51 million shares were traded on the day, compared to an average of 611.99K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, J has seen 3 BUY and 6 SELL insider trades, representing the acquisition of 10,500 and the disposition of 18,581 shares. Over the last 12 months, there were 45 BUYs and 54 SELLs from insiders. Insiders purchased 402,416 shares during that period but sold 238,259.

In the most recent transaction, DEMETRIOU STEVEN J. sold 6,666 shares of J for 115.24 per share on Apr 17. After the transaction, the Executive Chair now owns 607,956 company shares. In a previous transaction on Mar 15, DEMETRIOU STEVEN J. sold 6,666 shares at 116.77 per share. J shares that Executive Chair owns now total 614,622.

Among the insiders who sold shares, Thompson Christopher M.T. disposed of 3,500 shares on Feb 22 at a per-share price of $119.64. This resulted in the Director holding 34,682 shares of J after the transaction. In another insider transaction, EBERHART RALPH E sold 1,428 shares at $119.73 per share on Feb 21. Company shares held by the Director now total 26,754.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Jacobs Solutions Inc. pays an annual dividend of $1.04, resulting in a dividend yield of 0.91%, and it has a price to earnings (P/E) ratio of 22.70. J’s most recent ex-dividend date was 5/25/2023 when it declared a $0.26 quarterly dividend that was paid in cash on 6/23/2023. Previously, the company paid the dividend on 3/24/2023 with an ex-dividend date of 2/23/2023. The J stock dividend was $0.26 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for J in the last 3 months, the mean price target is $151.82 with high estimates of $175.00 and low estimates of $137.00. In terms of 52-week highs and lows, J has a high of $140.90 and a low of $106.78.

As of this writing, J has an earnings estimate of $1.86 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $1.95 per share and a lower estimate of $1.79. The company reported an EPS of $1.67 in the last quarter, which was 5.00% higher than expectations of $1.59.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. J’s latest balance sheet shows that the firm has $1.01B in Cash & Short Term Investments as of fiscal 2021. There were $3.82B in debt and $3.21B in liabilities at the time. Its Book Value Per Share was $48.76, while its Total Shareholder’s Equity was $6.63B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for J is Buy with a score of 4.64.

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