(RTTNews) - While reporting financial results for the first quarter on Tuesday, professional services provider Jacobs Solutions, Inc. (J) raised its adjusted earnings guidance for the full-year 2025, but maintained adjusted net revenue outlook.
For fiscal 2025, the company now projects adjusted earnings in a range of $5.85 to $6.20 per share on adjusted net revenue growth in the mid-to-high single digits over fiscal 2024.
Previously, the company expected adjusted earnings in the range of $5.80 to $6.20 per share on adjusted net revenue growth in the mid-to-high single digits over fiscal 2024.
On average, analysts polled expect the company to report earnings of $6.01 per share on revenue growth of 6.12 percent to $12.20 for the year. Analysts' estimates typically exclude special items.
The company's Board of Directors also approved a new incremental share repurchase authorization of up to $1.5 billion of Jacobs' common stock over a three-year period.
On Thursday, the company's Board of Directors declared a 10 percent higher quarterly cash dividend to shareholders in the amount of $0.32 per share of Jacobs common stock, payable on March 21, 2025, to shareholders of record as of the close of business on Feb. 21, 2025.
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