FX.co ★ Jacobs Solutions Boosts FY25 Adj. EPS Outlook; Approves 1.5 Bln Share Buyback - Update

During the announcement of its first-quarter financial results on Tuesday, Jacobs Solutions, Inc. (J), a prominent professional services firm, revised its adjusted earnings forecast for the full-year 2025 upwards, while keeping its projections for adjusted net revenue intact.

For the fiscal year 2025, Jacobs anticipates its adjusted earnings per share to range between $5.85 and $6.20, alongside an adjusted net revenue growth anticipated to be in the mid-to-high single digits when compared to fiscal 2024.

Previously, Jacobs had predicted its adjusted earnings to fall between $5.80 and $6.20 per share, with a similar growth trajectory in adjusted net revenue for fiscal 2024.

Analysts generally expect Jacobs to achieve earnings of $6.01 per share, with a revenue growth of 6.12 percent, amounting to approximately $12.20 billion for the year. It is worth noting that analysts’ projections typically do not include special items.

Additionally, the company's Board of Directors has authorized a fresh share repurchase program, allowing for the acquisition of up to $1.5 billion of Jacobs’ common stock over the next three years.

Furthermore, the Board declared an increase in the quarterly cash dividend by 10 percent, setting it at $0.32 per share of Jacobs' common stock. This dividend is scheduled for distribution on March 21, 2025, to shareholders who are registered as of the close of business on February 21, 2025.