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.
IPO Year: 2022
Exchange: NYSE
Website: jacobs.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
10/4/2024 | $160.00 | Mkt Perform → Outperform | Raymond James |
5/8/2024 | Outperform → Mkt Perform | William Blair | |
3/14/2024 | $154.00 | Hold | Truist |
1/10/2024 | Sector Weight | KeyBanc Capital Markets | |
11/22/2023 | Outperform → Mkt Perform | Raymond James | |
9/15/2023 | $149.00 | Hold | HSBC Securities |
1/13/2023 | $137.00 | Buy → Neutral | BofA Securities |
1/6/2023 | $136.00 → $150.00 | Neutral → Outperform | Robert W. Baird |
4/27/2022 | $173.00 | Outperform | RBC Capital Mkts |
3/18/2022 | $159.00 | Buy | Stifel |
Supports U.K.'s decarbonization and energy security future DALLAS, Oct. 3, 2024 /PRNewswire/ -- Jacobs (NYSE:J) has been appointed by the U.K. Department for Energy Security & Net Zero (DESNZ) to deliver technical project management support to the Carbon Capture, Usage and Storage (CCUS) program, an essential element of the U.K.'s commitment to deliver a net-zero economy by 2050. CCUS will help decarbonize industry, generate low-carbon energy and enable low-carbon hydrogen production at scale. The program will facilitate the low carbon transformation of the U.K.'s industrial base by the creation of "clusters" of industrial, power and hydrogen projects around transport and storage infrastruct
Digital solutions to strengthen water and wastewater services to drive efficiency DALLAS, Oct. 2, 2024 /PRNewswire/ -- Jacobs (NYSE:J) will expand its portfolio of digital and data-driven solutions with a new five-year contract with Lincoln-Sewer Management District 1 Wastewater Authority (LiSWA) – a joint powers authority between the City of Lincoln and Placer County in California. Jacobs will operate, maintain and manage LiSWA's wastewater treatment and reclamation facility, welcoming the existing staff into our award-winning team. "Our broad capabilities, breadth of experience and innovative Digital OneWater suite of solutions like Intelligent O&M help us provide safe, compliant wastewat
Jacobs retains its innovative, next-generation data solutions and digital technologies business Newly streamlined portfolio enables company to focus on distinct strategies in advanced manufacturing, cities & places, energy, environmental, life sciences, transportation and water DALLAS, Sept. 27, 2024 /PRNewswire/ -- Jacobs (NYSE:J) announced today the completion of the spin-off of its Critical Mission Solutions and Cyber & Intelligence government services businesses (the "Separated Business") and merger with Amentum Parent Holdings LLC, forming an independent, publicly traded company called Amentum Holdings, Inc. (NYSE:AMTM) ("Amentum"). The combination creates a robust, leading government a
DALLAS, Sept. 26, 2024 /PRNewswire/ -- The Board of Directors of Jacobs (NYSE:J) has declared a quarterly cash dividend payable to shareholders in the amount of $0.29 per share of Jacobs common stock. This dividend will be paid on Nov. 22, 2024, to shareholders of record as of the close of business on Oct. 25, 2024. About Jacobs At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With approximately $16 billion in annual re
Modernizing aging infrastructure for three of New York City's busiest stations DALLAS, Sept. 25, 2024 /PRNewswire/ -- Jacobs (NYSE:J) was selected by the New York Metropolitan Transportation Authority (MTA) as the program management consultant for the Long Island Rail Road (LIRR) station improvements project. Focused on keeping passengers safe and supporting MTA's on-time service commitments, Jacobs will provide program management services, overseeing construction and commercial management, design compliance and risk identification. The design-build contract includes updating LIRR's Babylon, Forest Hills and Hollis stations to bring them into Americans with Disabilities Act (ADA) compliance
NEW YORK, Sept. 24, 2024 /PRNewswire/ -- Amentum Holdings Inc. (NYSE:AMTM) will be added to the S&P 500 effective prior to the open of trading on Monday, September 30, replacing Bath & Body Works, Inc. (NYSE:BBWI), which will be moved to the S&P SmallCap 600 effective prior to the open of trading on Tuesday, October 1. Bath & Body Works will replace Movado Group, Inc. (NYSE:MOV) in the S&P SmallCap 600 also effective prior to the open of trading on October 1. S&P 500 constituent Jacob's Solutions Inc. (NYSE:J) is spinning off its Critical Mission Solutions and Cyber Intelligence business, which will merge with private Amentum to create newly publicly traded Amentum Holdings in a transaction
Record date set for September 23, 2024 Distribution date and closing date for spin-off and merger with Amentum set for September 27, 2024 Amazon Holdco Inc. to be renamed "Amentum Holdings, Inc.," effective as of the completion of the spin-off and merger DALLAS, Sept. 13, 2024 /PRNewswire/ -- Jacobs (NYSE:J) announced today that its Board of Directors has set the close of business on September 23, 2024, as the record date for the spin-off distribution of its Critical Mission Solutions and Cyber & Intelligence government services businesses. The spin-off is part of Jacobs' previously announced plan to separate these businesses and merge them with Amentum in a Reverse Morris Trust transaction.
Further strengthening advisory and consulting Board acumen DALLAS, Sept. 6, 2024 /PRNewswire/ -- Jacobs (NYSE:J) announced today the election of Michael Collins to its Board of Directors, effective September 23, 2024. Collins is currently a Partner and most recently served as the Chief Operating Officer at global management consulting firm Bain & Company, previously serving as Chief Financial Officer. Since joining Bain in 1992, he has worked with management teams to develop and execute growth strategies, evaluate acquisitions and divestitures, improve capabilities and implem
DALLAS, Sept. 6, 2024 /PRNewswire/ -- Jacobs (NYSE:J) announced today that Bob Pragada, Jacobs' CEO, has been appointed to the additional position of Chair of the Board effective upon close of the separation of its Critical Mission Solutions and Cyber and Intelligence businesses. Pragada becomes the fourth Chair in the company's history. Steve Demetriou, who has served as Chair since 2016, will be joining Amentum as their new Executive Chair following the separation, where he will bring his wealth of experience and leadership to guide that company's continued success. During S
Leverages global aviation capabilities and sustainable initiatives to deliver masterplan and runway design DALLAS, Aug. 20, 2024 /PRNewswire/ -- Jacobs (NYSE:J) was selected by King Salman International Airport Development Company to provide concept masterplan validation, detailed masterplan design, runway design and other services for the King Salman International Airport in Riyadh, Saudi Arabia. The masterplan will cover an area of approximately 57 square kilometers and include six parallel runways, new terminals and real estate development in the surrounding area. The visio
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DALLAS, Sept. 26, 2024 /PRNewswire/ -- The Board of Directors of Jacobs (NYSE:J) has declared a quarterly cash dividend payable to shareholders in the amount of $0.29 per share of Jacobs common stock. This dividend will be paid on Nov. 22, 2024, to shareholders of record as of the close of business on Oct. 25, 2024. About Jacobs At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With approximately $16 billion in annual re
Reports Strong Consolidated Q3 Margins People & Places Solutions (P&PS) Record Backlog1 Grows by Double Digits with Book-to-Bill Ratio 1.53x Delivered Strong P&PS and PA Consulting Operating Margin Performance Robust Cash Flow Performance; Executed $151M of Share Buybacks During Quarter DALLAS, Aug. 6, 2024 /PRNewswire/ -- Jacobs Solutions Inc. (NYSE:J) today announced its financial results for the fiscal third quarter ended June 28, 2024. Q3 2024 Highlights: Cash flow from operations of $483 million; expecting greater than 100% fiscal year reported free cash flow conversion1EPS of $1.17, down 9% y/y; adjusted EPS from continuing operations1 of $1.96, up 11% y/yBacklog1 of $30.6 billion, u
DALLAS, July 15, 2024 /PRNewswire/ -- Jacobs (NYSE:J) plans to release its fiscal third quarter 2024 earnings results before market open on Tuesday, Aug. 6, 2024, and will host a conference call at 10:00 a.m. ET, during which management will make a presentation focusing on the company's results and operating trends. Interested parties can listen to the conference call via a webcast and view accompanying slides at jacobs.com. About Jacobs At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turni
DALLAS, July 11, 2024 /PRNewswire/ -- The Board of Directors of Jacobs (NYSE:J) has declared a quarterly cash dividend payable to shareholders in the amount of $0.29 per share of Jacobs common stock. This dividend will be paid on Aug. 23, 2024, to shareholders of record as of the close of business on July 26, 2024. About Jacobs At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With approximately $16 billion in annual rev
Second Quarter Revenue up 4.7% Year-Over-Year People and Places Solutions (P&PS) Revenue up 7.5% Year-Over-Year Operating Profit down 3% Year-Over-Year, Adjusted Operating Profit up 10%1 Repurchased $95M in Shares During the Second Quarter Narrows Fiscal 2024 Adjusted EBITDA and Adjusted EPS Range DALLAS, May 7, 2024 /PRNewswire/ -- Jacobs Solutions Inc. (NYSE: J) today announced its financial results for the fiscal second quarter ended March 29, 2024. Q2 2024 Highlights: Revenue of $4.3 billion up 4.7% y/y; adjusted net revenue1 increased 2.9% y/yRecord P&PS operating margin of 10.6%, and record adjusted operating margin of 15.3%1Backlog1 of $29.4 billion, up 1.5% y/y; gross profit in backl
DALLAS, May 2, 2024 /PRNewswire/ -- The Board of Directors of Jacobs (NYSE:J) has declared a quarterly cash dividend payable to shareholders in the amount of $0.29 per share of Jacobs common stock. This dividend will be paid on June 21, 2024, to shareholders of record as of the close of business on May 24, 2024. About Jacobs At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With approximately $16 billion in annual revenu
DALLAS, April 9, 2024 /PRNewswire/ -- Jacobs (NYSE:J) plans to release its fiscal second quarter 2024 earnings results before market open on Tuesday, May 7, 2024, and will host a conference call at 10:00 a.m. ET, during which management will make a presentation focusing on the company's results and operating trends. Interested parties can listen to the conference call via a webcast and view accompanying slides at jacobs.com. About Jacobs At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turni
First Quarter Revenue up 9.5% Year-Over-Year People and Places Solutions Revenue up 10.9% Year-Over-Year Reported EPS up 28% Year-Over-Year; Adjusted EPS up 28% Year-Over-Year1 Reported $418M in Cash Flow from Operations; Repurchased $100M in Shares Announced 11.5% Quarterly Dividend Increase Reiterates Fiscal 2024 Adjusted EBITDA and Adjusted EPS Outlook DALLAS, Feb. 6, 2024 /PRNewswire/ -- Jacobs Solutions Inc. (NYSE:J) today announced its financial results for the fiscal first quarter ended December 29, 2023. Q1 2024 Highlights: Revenue of $4.2 billion up 9.5% y/y; adjusted net revenue1 increased 7.0% y/y and up 5.4% in constant currency1Backlog1 of $29.6 billion, up 4.7% y/y; gross
DALLAS, Jan. 25, 2024 /PRNewswire/ -- The Board of Directors of Jacobs (NYSE:J) has declared a quarterly cash dividend payable to shareholders in the amount of $0.29 per share of Jacobs common stock, an increase of 11.5% from its previous quarterly dividend of $0.26. This dividend will be paid on March 22, 2024, to shareholders of record as of the close of business on Feb. 23, 2024. About Jacobs At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that trans
DALLAS, Jan. 16, 2024 /PRNewswire/ -- Jacobs (NYSE:J) plans to release its fiscal first quarter 2024 earnings results before market open on Tuesday, Feb. 6, 2024, and will host a conference call at 10:00 a.m. ET, during which management will make a presentation focusing on the company's results and operating trends. Interested parties can listen to the conference call via a webcast and view accompanying slides at jacobs.com. About Jacobs At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turni
Raymond James upgraded Jacobs Solutions from Mkt Perform to Outperform and set a new price target of $160.00
William Blair downgraded Jacobs Engineering from Outperform to Mkt Perform
Truist initiated coverage of Jacobs Engineering with a rating of Hold and set a new price target of $154.00
KeyBanc Capital Markets resumed coverage of Jacobs Engineering with a rating of Sector Weight
Raymond James downgraded Jacobs Engineering from Outperform to Mkt Perform
HSBC Securities initiated coverage of Jacobs Engineering with a rating of Hold and set a new price target of $149.00
BofA Securities downgraded Jacobs Engineering from Buy to Neutral and set a new price target of $137.00
Robert W. Baird upgraded Jacobs Engineering from Neutral to Outperform and set a new price target of $150.00 from $136.00 previously
RBC Capital Mkts initiated coverage of Jacobs Engineering with a rating of Outperform and set a new price target of $173.00
Stifel resumed coverage of Jacobs Engineering with a rating of Buy and set a new price target of $159.00
Jacobs (NYSE:J) has announced that a Form 10 has been publicly filed with the U.S. Securities and Exchange Commission ("SEC") for the previously announced planned spin-off of its Critical Mission Solutions and portions of its Divergent Solutions business, including the Cyber & Intelligence business. Filed under Amazon Holdco Inc., the Form 10 describes the spin-off and merger with Amentum Parent Holdings LLC ("Amentum"), to create a leading, publicly traded global engineering and technology solutions provider. The transaction is expected to close in the second half of the fourth quarter of fiscal year 2024. Upon closing, the combined company will be known as Amentum Holdings, Inc.
As External Services Provider, Jacobs (NYSE:J) is helping Uisce Éireann (previously known as Irish Water) to proactively plan the delivery of high quality, sustainable and resilient water services for Ireland through its Water Services Strategic Plan (WSSP) 2050. As Ireland's national public water services utility, Uisce Éireann is responsible for the operation and capital investment program for all public water and wastewater services in Ireland – supplying 449 million gallons (1.7 billion liters) of drinking water to customers and treating more than 317 million gallons (1.2 billion liters) of wastewater daily. The draft WSSP 2050 presents Uisce Éireann's strategic objectives, aims and ac
Jacobs Solutions's (NYSE:J) short percent of float has fallen 11.45% since its last report. The company recently reported that it has 1.27 million shares sold short, which is 1.16% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.67 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interes
NEW YORK, Sept. 24, 2024 /PRNewswire/ -- Amentum Holdings Inc. (NYSE:AMTM) will be added to the S&P 500 effective prior to the open of trading on Monday, September 30, replacing Bath & Body Works, Inc. (NYSE:BBWI), which will be moved to the S&P SmallCap 600 effective prior to the open of trading on Tuesday, October 1. Bath & Body Works will replace Movado Group, Inc. (NYSE:MOV) in the S&P SmallCap 600 also effective prior to the open of trading on October 1. S&P 500 constituent Jacob's Solutions Inc. (NYSE:J) is spinning off its Critical Mission Solutions and Cyber Intelligence business, which will merge with private Amentum to create newly publicly traded Amentum Holdings in a transaction
Venk Nathamuni Appointed Chief Financial Officer, Effective June 3, 2024 DALLAS, May 16, 2024 /PRNewswire/ -- Jacobs (NYSE:J) today announced the appointment of Venk Nathamuni as the company's new Chief Financial Officer (CFO), effective June 3, 2024. During a 30+ year career, which includes 15 years' experience in executive-level finance and strategic leadership roles, Venk Nathamuni brings a wealth of knowledge and expertise to his new role at Jacobs. He will be responsible for overseeing Jacobs' financial operations, enterprise-wide optimization, capital allocation and investor relations activities, and will play a significant leadership role in guiding the company's financial and busin
Piedmont Lithium ("Piedmont" or the "Company") (NASDAQ:PLL, ASX: PLL))), a leading global supplier of lithium resources critical to the U.S. electric vehicle ("EV") supply chain, today announced the appointment of Dawne Hickton to the Board of Directors ("Board"), effective March 14, 2024. Ms. Hickton is an accomplished leader in the aerospace, energy, and metals industries, adding to the extensive manufacturing expertise of the directors and further diversifying the Board's executive, operational, and strategic guidance to the Company. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240318562526/en/Dawne Hickton (Photo: Business
Framework to help reshape delivery of future asset investment programs Supports efforts to deliver a healthy, resilient and sustainable water asset base DALLAS, Feb. 27, 2023 /PRNewswire/ -- Jacobs (NYSE:J) was selected by Northumbrian Water Group (NWG) as a strategic technical partner to support delivery of the water company's future asset investment programs across its Northumbrian Water and Essex & Suffolk Water regions in the U.K. Providing water and sewage services to nearly 4.4 million people, NWG will be working with new strategic and commercial partners to explore how
SEE (NYSE:SEE) today announced the appointment of Kevin Berryman to its Board of Directors. Mr. Berryman will serve on the Audit Committee. Mr. Berryman currently serves as the President and Chief Financial Officer at Jacobs (NYSE:J), a full spectrum professional services company including consulting, technical, scientific and project delivery for the government and private sector. In this role, he is responsible for all aspects of strategy and financial operations for the company. Prior to Jacobs, Mr. Berryman served as Executive Vice President and Chief Financial Officer at International Flavors & Fragrances in addition to various leadership positions at Nestlé. "My background in consu
DALLAS, March 2, 2022 /PRNewswire/ -- Jacobs (NYSE:J) today announced that Steve Arnette has been named EVP and President, Critical Mission Solutions (CMS), effective April 1, 2022. He succeeds Dawne Hickton who transitions out of Jacobs. Arnette will report to Bob Pragada, Jacobs President and Chief Operating Officer. "In 2019, Dawne stepped off the Jacobs Board to lead the CMS business. Since that time, Dawne has overseen a cultural transformation of CMS, while driving a significant increase in exposure to high growth, higher value businesses. Her leadership has been instrum
SINGAPORE, Sept. 15, 2021 (GLOBE NEWSWIRE) -- Triterras Inc. (NASDAQ:TRIT, TRITW))) ("Triterras" or the "Company"), a leading fintech company focused on trade and trade finance, today announced the appointment of Perry Mangers, CPA, to the newly created role of Vice President of Financial Reporting. He will report to Chief Financial Officer Alvin Tan. Mangers is a finance professional with more than 20 years of wide-ranging corporate and board-level experience. His areas of specialty have included initial public offerings, global reporting, financial controls, SOX compliance, financial systems implementations, technical accounting and M&A advisory functions. He will be responsible for fin
DALLAS, Aug. 2, 2021 /PRNewswire/ -- Jacobs (NYSE:J) today named Patrick Hill as EVP and President of People & Places Solutions (P&PS) effective Aug. 1, 2021. Hill's career at Jacobs spans more than 23 years in several senior leadership positions, crossing multiple sectors and operations around the globe. Most recently Patrick co-led P&PS' global business, with focus on Europe, the Middle East, Africa, Asia, Australia and New Zealand, as well as the global functions of Growth, Strategy & Solutions and Global Design Centers. Prior executive roles in the U.S. included leadershi