Truist initiated coverage on Amentum Holdings with a new price target
$AMTM
Truist initiated coverage of Amentum Holdings with a rating of Buy and set a new price target of $31.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/20/2025 | $21.00 | Neutral | Goldman |
| 2/7/2025 | $25.00 | Neutral | Cantor Fitzgerald |
| 1/10/2025 | $24.00 | Sector Perform | RBC Capital Mkts |
| 11/21/2024 | $30.00 | Outperform | Raymond James |
| 10/14/2024 | $31.00 | Buy | Truist |
Amentum Holdings, Inc. (NYSE:AMTM) ("Amentum") announced today the pricing of the previously announced secondary underwritten public offering (the "Offering") of 19,464,174 shares of its common stock (the "Shares") at a public offering price of $16.50 per share. The Offering is expected to close on March 13, 2025 subject to the satisfaction or waiver of customary closing conditions. Amentum is not selling any shares of common stock and will not receive any proceeds from the sale of the Shares in the Offering or from the debt-for-equity exchange (as described below). In connection with the Offering, a subsidiary of Jacobs Solutions Inc. (NYSE:J) ("Jacobs") is expected to exchange the Shares
The Outernet's backbone in space brings an unparalleled level of security to government & defense communications Highlights: Outernet is a constellation of 600 ultra-secure, networked low-earth orbit satellitesCombining the speed of fiber with the reach of satelliteOrbital mesh network with no terrestrial gateways ensures security by designWASHINGTON, March 11, 2025 /PRNewswire/ -- Amentum (NYSE:AMTM), a global leader in advanced engineering and innovative technology solutions, is partnering with Rivada Space Networks to offer a unique, ultra-secure low earth orbit connectivity network to support mission-critical U.S. government communications around the globe.
Amentum Holdings, Inc. (NYSE:AMTM) ("Amentum") announced today the launch of a secondary underwritten public offering (the "Offering") of 19,464,174 shares of its common stock (the "Shares"). Amentum is not selling any shares of common stock and will not receive any proceeds from the sale of the Shares in the Offering or from the debt-for-equity exchange (as described below). In connection with the Offering, a subsidiary of Jacobs Solutions Inc. (NYSE:J) ("Jacobs") is expected to exchange 19,464,174 shares of Amentum's common stock for indebtedness of such subsidiary held by an affiliate of BofA Securities, Inc. (the "Selling Shareholder"). Following the debt-for-equity exchange, if consum
Revenues of $3.4 billion, 2.3% growth on a pro forma basis Net Income of $12 million; Adjusted EBITDA of $262 million Diluted Earnings Per Share of $0.05; Adjusted Diluted Earnings Per Share of $0.51 Operating Cash Flow of $110 million; Free Cash Flow of $102 million Backlog of $45 billion; Net Bookings of $3.6 billion; 1.1x Book-to-Bill Amentum Holdings, Inc. ("Amentum" or the "Company") (NYSE:AMTM), a leading advanced engineering and technology company, today announced results for the first quarter ended December 27, 2024, and reaffirmed its outlook for fiscal year 2025. "We are off to a strong start as a newly combined company," said Amentum Chief Executive Officer John Helle
Backlog Grows by 18.9% Year-Over-Year with TTM Book-to-Bill Ratio of 1.3x Repurchased $202 Million of our Shares During Q1 Board Authorizes $1.5 Billion for Company's Largest Ever Share Repurchase Program Increasing Dividend to $0.32/share, a 10% Increase Year-Over-Year Raising FY 2025 Adjusted EPS Guidance Range DALLAS, Feb. 4, 2025 /PRNewswire/ -- Jacobs Solutions Inc. (NYSE:J) today announced its financial results for the fiscal first quarter ended December 27, 2024. Q1 2025 Highlights1: Gross revenue of $2.9 billion grew 4.4% y/y; adjusted net revenue2 up 5.1% y/yInfrastructure & Advanced Facilities gross revenue grew 4.9% y/y; adjusted net revenue2 up 6.0% y/yGAAP net loss of $17.1 mill
Strong finish to Fiscal Year 2024 including a successful public market debut GAAP Revenues of $8.4 billion, 7% growth; GAAP Net Loss of $82 million Pro Forma Revenues of $13.9 billion, 4% growth Pro Forma Net Income of $32 million; Pro Forma Adjusted EBITDA of $1,052 million, up 7% Amentum affirms its Fiscal Year 2025 Capital Markets Day financial guidance Amentum Holdings, Inc. ("Amentum" or the "Company") (NYSE:AMTM), a leading advanced engineering and technology company, today announced results for the fiscal year ended September 27, 2024, and affirmed its outlook for fiscal year 2025. "We reported strong results for fiscal year 2024, delivering top-line and bottom-line growt
4 - Amentum Holdings, Inc. (0002011286) (Issuer)
4 - Amentum Holdings, Inc. (0002011286) (Issuer)
4 - Amentum Holdings, Inc. (0002011286) (Issuer)
4 - Amentum Holdings, Inc. (0002011286) (Issuer)
4 - Amentum Holdings, Inc. (0002011286) (Issuer)
SC 13G - Amentum Holdings, Inc. (0002011286) (Subject)
SC 13G/A - Amentum Holdings, Inc. (0002011286) (Subject)
SC 13G/A - Amentum Holdings, Inc. (0002011286) (Subject)
SCHEDULE 13G/A - Amentum Holdings, Inc. (0002011286) (Subject)
424B4 - Amentum Holdings, Inc. (0002011286) (Filer)
EFFECT - Amentum Holdings, Inc. (0002011286) (Filer)
Amentum (NYSE:AMTM), a global leader in advanced engineering and innovative technology solutions, today announced the appointment of Michele St. Mary as Chief Legal Officer and General Counsel, effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250217460746/en/Michele St. Mary, Amentum CLO and General Counsel (Photo: Business Wire) St. Mary will lead Amentum's legal, ethics, compliance, contracts, and security functions globally. Her role includes oversight of corporate matters, including governance, transactional and securities law matters, advice on the full range of contracting issues, supervision of company
Amentum (NYSE:AMTM), a global leader in advanced engineering and innovative technology solutions, today announced the appointment of Jennifer Walsmith as President of the Intelligence & Cybersecurity business, effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250107680928/en/Jennifer Walsmith joins Amentum (Photo: Business Wire) Jennifer will lead a global team in delivering advanced national security, intelligence, and cybersecurity solutions for U.S. intelligence and defense customers. Amentum holds deep relationships across the U.S. intel community, including all 18 Intelligence Community agencies, and the
NEW YORK, Dec. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, December 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from t
Goldman initiated coverage of Amentum Holdings with a rating of Neutral and set a new price target of $21.00
Cantor Fitzgerald initiated coverage of Amentum Holdings with a rating of Neutral and set a new price target of $25.00
RBC Capital Mkts initiated coverage of Amentum Holdings with a rating of Sector Perform and set a new price target of $24.00