Streetbeat News

J

Jacobs Engineering Group Inc.

https://www.jacobs.com

Industry

Engineering & Construction

Jacobs Engineering Group Inc. provides consulting, technical, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, rest of Asia, Australia, New Zealand, South America, Mexico, the Middle East, and Africa. The company operates in two segments, Critical Mission Solutions and People & Places Solutions. The Critical Mission Solutions segment provides cybersecurity, data analytics, systems and software application integration and consulting, enterprise and mission IT, engineering and design, nuclear, enterprise level operations and maintenance, and other technical consulting solutions. The People & Places Solutions segment offers data analytics, artificial intelligence and automation, software development, digitally driven consulting, planning and architecture, program management, and other technical consulting solutions. The company is also involved in the management and execution of wind-tunnel design-build projects; and design-build for water and construction management. Jacobs Engineering Group Inc. was founded in 1947 and is headquartered in Dallas, Texas.

Open

145.00

Mkt cap

18B

Volume

674K

High

146.81

P/E Ratio

28.82

52-wk high

148.89

Low

144.25

Div yield

0.01

52-wk low

100.84

Jacobs Engineering Group Inc. forecasts its FY24 adjusted EBITDA to be between $1.53 billion and $1.60 billion, with adjusted EPS ranging from $7.70 to $8.20, which is below the estimated $8.40.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:45 am

Jacobs Solutions (NYSE:J) reported Q4 adjusted EPS of $1.90, surpassing the $1.89 estimate, and sales of $4.29B, exceeding the $4.16B estimate. This reflects a 5.56% increase in EPS and a 10.51% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:41 am

Jacobs Solutions Inc (NYSE:J) has announced a definitive agreement to spin off its Critical Mission Solutions and Cyber & Intelligence businesses, merging them with Amentum to form a new publicly traded government services company. The new entity will have an estimated annual revenue of $13 billion. Jacobs and its shareholders will own 58.5%-63% of the new company, and Jacobs will retain its data solutions and digital technologies business. Jacobs expects to receive $1 billion in cash proceeds post-closure, with additional value from divesting its retained stake within 12 months. The deal is expected to close in the second half of FY24 and is projected to generate $50 million-$70 million in net cost synergies. Jacobs' CEO Bob Pragada believes this will streamline the company's portfolio and align it with global trends. Jacobs will announce Q1 2024 earnings and new productivity targets on November 21, 2023. The company's stock closed higher by 1.23% at $136.98 on Monday.

Portfolio Pulse from Lekha Gupta

November 21, 2023 | 11:04 am

Jacobs (NYSE:J) has announced a definitive agreement to spin-off and merge its Critical Mission Solutions and Cyber & Intelligence government services businesses with Amentum, forming a new publicly-traded company in the government services sector. This follows Jacobs' May announcement of its intent to separate its CMS business. The new entity will have approximately $13 billion in annual revenue. Jacobs will retain its next-generation data solutions and digital technologies business, which is part of its DVS segment.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 7:39 am

Jacobs Solutions (NYSE:J) is scheduled to release its quarterly earnings report on Tuesday, 2023-11-21. Analysts predict an EPS of $1.89. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Jacobs Solutions' stock price has shown varied reactions to earnings reports, with a slight increase after a miss last quarter. Over the past year, the stock has risen 9.57%, indicating a bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 2:01 pm

Jacobs Engineering Group Inc. has been chosen as the program and construction management partner for Thyssenkrupp Steel's $2.5 billion project to decarbonize its steel mill in Duisburg, Germany. This initiative is part of Thyssenkrupp's broader efforts to reduce carbon emissions and transition towards more sustainable steel production.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 12:48 pm

Jacobs Engineering Group Inc. has received a grant from the UK government to develop new water tidal turbine technology. This grant is aimed at supporting the advancement of renewable energy sources and reducing carbon emissions. The financial details of the grant were not disclosed, but the support from the government highlights the potential of Jacobs' technology and its alignment with environmental sustainability goals.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:07 am

Jacobs Engineering Group Inc. has been selected for the Metropolitan Transit Authority of Harris County's transit program. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 11:50 am

Over the past 3 months, 6 analysts have published their opinion on Jacobs Solutions (NYSE:J) stock. The average 12-month price target for the stock is $150.83, with a high of $157.00 and a low of $143.00. This average price target has increased by 3.88% over the past month. The ratings include 2 bullish, 3 somewhat bullish, and 1 indifferent.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 8:00 pm

Stifel analyst Bert Subin maintains a Buy rating on Jacobs Solutions (NYSE:J) and raises the price target from $149 to $150.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 5:10 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.