MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. We’d like to share more about how we work and what drives our day-to-day business. J’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option.
According to 9 analysts, the average rating for J stock is “Buy.” The 12-month stock price forecast is $148.89, which is an increase of 13.34% from the latest price. The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest.
Jacobs Engineering Group Inc. (J)
Jacobs Solutions announced that its board has authorized a share buyback plan on Wednesday, January 25th 2023, which allows the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 6.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued. Jacobs Solutions declared a quarterly dividend on Thursday, July 6th. Investors of record on Friday, July 28th will be given a dividend of $0.26 per share on Friday, August 25th.
More value-oriented stocks tend to represent financial services, utilities, and energy stocks. Jacobs Solutions updated 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 earnings per share estimate of $7.35. Jacobs Solutions is a global provider of engineering, design, procurement, construction, and maintenance services as well as cyber engineering and security solutions.
The planned separation of the critical missions solutions business remains on pace to be completed in fiscal 2024. We view the name as moderately undervalued, with shares currently trading in 4-star territory. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses.
J’s historical performance
against its industry peers and the overall market.
- While nothing in Jacobs’ fiscal third-quarter earnings release materially alters our long-term outlook for the firm, we’ve slightly increased our fair value estimate to $156 from $155, mostly due to time value of money.
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- Jacobs Solutions’ stock is owned by a number of institutional and retail investors.
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The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.
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Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. 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…
The firm serves industrial, commercial, and government clients in a wide variety of sectors, including water, transportation, healthcare, technology, and chemicals. The company generated $14.9 billion in revenue and $1.3 billion in adjusted operating income in fiscal 2022. 6 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Jacobs Solutions in the last year. There are currently 1 hold rating and 5 buy ratings for the stock.
J’s historical performance
against its industry peers and the overall market. See
J’s valuation ratios
compared to the Market Index. Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of J’s
competitive advantage. New facility to provide vital mental health care services to a fast-growing population in Australia Complex will be the largest multi-story mental health facility in NSW DALLAS , July 11, 2023 /PRNews…
One share of JEC stock can currently be purchased for approximately $131.36. Click the link below and we’ll send you MarketBeat’s guide to pot stock investing and which pot companies show the most promise. Sign-up to receive the latest news and ratings for Jacobs Engineering Group and its competitors with MarketBeat’s FREE daily newsletter. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. This site is protected by reCAPTCHA and the Google
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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/… Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next days. 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. If you have a question about our filings, reports or earnings and investor webcasts and presentations, we’ll connect you with investor relations.
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; 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 Quick QuoteJ – Free Report) , a renowned leader in program management services, has been selected by the Austin Independent School District (“ISD”) in Austin, TX, to oversee a substantial capital improvement program. The district, being the eighth largest in Texas with more than 73,000 students and situated in a rapidly growing metroplex, offers a substantial growth opportunity.
- Based on an average daily trading volume, of 631,100 shares, the days-to-cover ratio is presently 1.9 days.
- 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/…
- 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.
- Plus, J info will be updated daily in your Zacks.com Portfolio Tracker – also free.
In the past three months, shares of Jacobs have gained 14.3% compared with the industry’s 2.1% rise. A robust backlog level signals a growing demand for Jacobs’ consulting services across various sectors, including infrastructure, water, environment, space, broadband, cybersecurity, and life sciences. Furthermore, the emphasis on enhancing efficiencies through digital https://bigbostrade.com/ and technological solutions, as well as strong project execution, positions the company favorably. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.
After submitting your request, you will receive an activation email to the requested email address. You must click the activation link in order to complete your subscription. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries.
The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Jacobs Solutions’ stock is owned by a number of institutional and retail investors.
Data may be intentionally delayed pursuant to supplier requirements. Recent stocks from this report have soared up to +178.7% in 3 months – this month’s picks could be even better. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.
Latest On Jacobs Solutions Inc
The Zacks Consensus Estimate for TNET’s 2023 sales and earnings per share (EPS) indicates a decline of 4.7% and 2.7%, respectively, from the prior-year reported figures.Parsons Corporation (PSN Quick QuotePSN – Free Report) currently flaunts a Zacks Rank of 1. The stock has gained 22.5% YTD.The Zacks Consensus Estimate for PSN’s 2023 sales and EPS indicates growth of 18.7% and 23.2%, respectively, from the prior-year reported figures.DocuSign, Inc. (DOCU Quick QuoteDOCU – Free Report) currently sports a Zacks Rank of 1. DocuSign has a trailing four-quarter earnings surprise of 25.6% on average. Shares of the company have declined 5.7% YTD.The Zacks Consensus Estimate for DocuSign’s fiscal 2024 sales and EPS indicates growth of 8.1% and 24.1%, respectively, from the year-ago reported levels. While nothing in Jacobs’ fiscal third-quarter earnings release materially alters our long-term outlook for the firm, we’ve slightly increased our fair value estimate to $156 from $155, mostly due to time value of money.
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Top institutional investors include BlackRock Inc. (6.20%), State Street Corp (5.97%), Capital World Investors (5.02%), Allspring Global Investments Holdings LLC (2.81%), Ruane Cunniff & Goldfarb L.P. 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. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.
The consensus among Wall Street equities research analysts is that investors should “moderate buy” J shares. Jacobs Solutions saw a increase in short interest during the month of August. As of August 15th, there was short interest totaling 1,220,000 shares, an increase of 24.8% from the July 31st total of 977,900 shares. Based on an average daily trading volume, of 631,100 shares, the days-to-cover ratio is presently 1.9 days. Approximately 1.0% of the shares of the company are sold short.
Jacobs Earnings: We Expect Strong Backlog To Drive Revenue Growth and Margin Expansion
As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. The company is scheduled to release its next quarterly earnings announcement on Monday, November 20th 2023.
Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Jacobs currently carries a Zacks Rank #3 (Hold).TriNet Group, Inc. (TNET Quick QuoteTNET – Free Report) currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.TNET delivered a four-quarter average earnings surprise of 84%.
Underground project links ocean to onshore utility-grid connection and monitoring facility Supports renewable new energy technology, security and energy transition efforts DALLAS , June 6, 2023 /PRNew… The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score.
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… Major program includes advanced water purification facility, free forex software strategic funding advisement Creates drought-resilient local water supply in response to climate change DALLAS , Aug. 10, 2023 /PRNewswire/… In 2022, J’s revenue was $14.92 billion, an increase of 5.89% compared to the previous year’s $14.09 billion.