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Stockholders of record on Friday, October 27th will be given a dividend of $0.26 per share on Thursday, November 9th. This represents a $1.04 annualized dividend and a yield of 0.76%. Supports use of data analytics and technology to improve critical transportation infrastructure Contract drives efficient travel and commerce via traffic management systems DALLAS , Sept. 7, 2023 /PRN… As it stands, I have a hold rating for the stock at the current point.
- Based on an average trading volume of 591,900 shares, the days-to-cover ratio is currently 1.6 days.
- Finally, I add a small liquidity premium of 0.3%, crafting a cost of equity of 9.78% and a WACC of 8.93%.
- In Q3/FY2023, Jacobs had around $44 million in interest expenses – with the company’s current interest-bearing debt balance, the company’s annualized interest rate comes up to 5.47%.
- Instead of a becoming separately listed company through a spin-off, the segment could also be bought off – as written on Seeking Alpha, there are rumors that Veritas and Platinum Equity could bid for the segment at a valuation of around $4 billion.
- These companies bucked the broader market’s sell-off thanks to earnings reports and an acquisition.
As of September 30th, there was short interest totaling 974,400 shares, a decrease of 8.1% from the September 15th total of 1,060,000 shares. Based on an average trading volume of 591,900 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.8% of the shares of the company are sold short.
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New facility to provide vital mental health care services to a fast-growing population in Australia Complex review stan weinstein’s secrets for profiting in bull and bear markets will be the largest multi-story mental health facility in NSW DALLAS , July 11, 2023 /PRNews…
Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. Jacobs Solutions issued an update on its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share guidance of $7.25-$7.45 for the period, compared to the consensus estimate of $7.35. 7 Wall Street equities research analysts have issued « buy, » « hold, » and « sell » ratings for Jacobs Solutions in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock.
Data may be intentionally delayed pursuant to supplier requirements. The growth is partly caused by constant acquisitions – from FY2013 to FY2022, the company’s cash acquisition came up to more than $6 billion. The company’s organic growth performance could be improved in the future as a result of the spin-off of CMS, though, as the company communicates in its September 2023 investor presentation. Jacobs Solutions’ stock is owned by a number of retail and institutional investors. Top institutional shareholders include Ninety One UK Ltd (1.53%), Wedge Capital Management L L P NC (0.08%), Vontobel Holding Ltd. (0.05%), Toth Financial Advisory Corp (0.03%), National Bank of Canada FI (0.02%) and Massmutual Trust Co. Insiders that own company stock include Christopher MT Thompson, Dawne S Hickton, Kevin C Berryman, Linda Fayne Levinson, Michael R Tyler, Robert V Pragada and Steven J Demetriou.
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In line with Jacobs’ history, I estimate the company to continue growing its EBIT margin in the long term. As the CMS segment isn’t included within the company, Jacobs could improve the margin by cutting costs and streamlining the organization for the refined offering – I believe that the margin expansion of 2.4 percentage points from FY2022 to FY2032 is doable. The company has a good cash flow conversion as the EBIT includes a good amount of amortization due to historical acquisitions. Jacobs’ stock has performed reasonably well on the stock market – the stock has had a CAGR of 9.1% in the past ten years on top of a very nominal dividend yield that currently stands at 0.74%. Many of Jacobs’ offerings service the public sector – I believe that this is a valuable prospect, as public spending often stays more stable than the private sector’s in economic turmoil in Keynesian economics’ manner. As many companies have recently had struggles in keeping up a good earnings level, Jacobs has kept a good revenue trajectory in recent quarters, as will be further explained in the financials segment.
J Stock News Headlines
Upgrade to MarketBeat All Access to add more stocks to your watchlist. Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates. Contract accelerates environmental cleanup and infrastructure restoration in the Great Lakes Area Addresses and mitigates risk to public health, welfare and environment DALLAS , Aug. 3, 2023 /PRNewswi…
Jacobs Receives $450 Million US Environmental Protection Agency Contract
J holds a better value than 66% of stocks at its current price. Investors who are focused on long-term growth through buy-and-hold investing will find the Valuation Rank especially relevant when allocating their assets. The transaction should create space for the separate organizations to pursue unique strategies for the separate industries and market dynamics that the current segments operate in, setting the separate companies up for better growth.
Beyond FY2024, I estimate Jacobs’ growth to slow down in steps throughout the years into a perpetual growth rate of 2%. The growth estimates represent a CAGR of 4.7% from FY2022 to FY2023. To further analyze the valuation and to get a grasp of an estimated fair value for the stock, I constructed a discounted cash flow model that takes the potential sale of CMS into account. In the model, I estimate the company’s financials excluding the CMS segment and add $4 billion in cash into the company’s balance sheet, in line with reported rumors of the potential valuation at sale.
Major program includes advanced water purification facility, strategic funding advisement Creates drought-resilient local water supply in response to climate change DALLAS , Aug. 10, 2023 /PRNewswire/… According to 10 analysts, the average rating for J stock is « Buy. » The 12-month stock price forecast is $148.9, which is an increase of 7.56% from the latest price. Supported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy. MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued.
Enhances nuclear research to support energy transition and net zero carbon objectives Contract win underlines benefits of recent investment in robotics capabilities DALLAS , July 18, 2023 /PRNewswire/… Canadian stocks rise Thursday, posting their third straight day of gains, tracking a rally on Wall Street and in crude oil prices, which received a boost after news of an attack on an oil pipeline in Nigeria. A drop in sales has made investors lose confidence in this engineering company today. Even a small earnings miss hurt the company’s shares today. On the cost of equity side, I use the United States’ 10-year bond yield of 4.63% as the risk-free rate.
The company is planning to spin off its Critical Mission Solutions segment in fiscal year 2024 which represents around 35% of the entire company’s revenues. The segment provides cyber, data analytics, systems, and software application integration services along with other similar services to mostly U.S.-based government agencies. For the company’s revenues (excluding CMS), I estimate velocity trade a growth of 9% in FY2023 in line with the first three quarters of the fiscal year. After the year, I estimate a growth of 7%, slightly above Jacobs’ historical growth rate – the company should grow faster without the CMS segment as the remaining segments have shown a better growth performance. The growth could be even further improved through a more refined strategy.
The consensus among Wall Street equities research analysts is that investors should « moderate buy » J shares. The company leverages debt to its advantage – currently, Jacobs has long-term debt amounting to $3.2 billion, of which a small portion of around $55 million is in the current portion and the rest in the long-term portion. Compared to the company’s market capitalization of $17.6 billion, the amount still seems quite moderate. With the potential sale of the CMS segment, Jacobs’ balance sheet could be further strengthened into a net cash position. Jacobs Solutions saw a decrease in short interest in September.
Jacobs Engineering Group Inc. provides technical, professional, and construction services. The company’s Aerospace, Technology, Environmental and Nuclear segment offers scientific, engineering, construction, nuclear, environmental, and technical support services to the aerospace, defense, technical, and automotive industries. This segment also provides services, such as manufacturing complex, expansions, modifications, and management of plant relocations; octafx broker reviews construction management and field construction services; and services to operate and maintain facilities. The company was founded in 1947 and is headquartered in Dallas, Texas. Jacobs Solutions Inc (J) receives a strong valuation score of 66 from InvestorsObserver analysis. Our proprietary scoring system considers the overall health of the company by looking at the stock’s price, earnings, and growth rate to determine if it represents a good value.
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Jura Energy Corp. engages in the exploration and development of petroleum and natural gas properties in Pakistan. It operates through its wholly owned subsidiaries Frontier Holdings Ltd. and Spud Energy Pty Ltd. The company was founded on June 03, 2002 and is headquartered in Calgary, Canada. In Q3/FY2023, Jacobs had around $44 million in interest expenses – with the company’s current interest-bearing debt balance, the company’s annualized interest rate comes up to 5.47%. Jacobs leverages debt quite modestly – I estimate a long-term debt-to-equity ratio of 15%, near the current figure. Jacobs Solutions declared a quarterly dividend on Thursday, September 28th.
