Research Desk Line-up: AECOM Post Earnings Coverage
LONDON, UK / ACCESSWIRE / August 30, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Jacobs Engineering Group Inc. (NYSE: JEC), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=JEC, following the Company's announcement of its third quarter fiscal 2017 operating results on August 08, 2017. The construction and technical services Company outperformed earnings expectations and also updated its guidance for FY17. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:
Get more of our free earnings reports coverage from other constituents of the Technical Services industry. Pro-TD has currently selected AECOM (NYSE: ACM) for due-diligence and potential coverage as the Company reported on August 08, 2017, its financial results for Q3 FY17. Register for a free membership today, and be among the early birds that get access to our report on AECOM when we publish it.
At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on JEC; also brushing on ACM. With the links below you can directly download the report of your stock of interest free of charge at:
Jacobs reported revenue of $2.51 billion for the third fiscal quarter ended June 30, 2017, compared to revenues of $2.69 billion for the third fiscal quarter ended July 01, 2016. The Company's revenue numbers fell short of analysts' expectations of $2.53 billion.
For Q3 FY17, Jacobs recorded gross margin improvement of over 150 basis points to 18.3% on a y-o-y basis, driven by strong project execution and increased focus on more profitable business. The Company reported operating profit of $128.48 million compared to $109.56 million in Q3 FY16.
Jacobs reported net earnings of $89.0 million, or $0.74 per share, for Q3 FY17 compared to net earnings of $69.1 million, or $0.57 per share, for Q3 FY16. The Company's net earnings for the reported quarter included approximately $6.3 million, or $0.05 per share, in after-tax restructuring and other charges, while its Q3 FY16 results included approximately $25.8 million, or $0.21 per share, in charges related to the 2015 restructuring.
Excluding restructuring and other charges, Jacobs' adjusted net earnings totaled $95.3 million, or $0.79 per share, for Q3 FY17, which was favorable compared to $94.8 million, or $0.78 per share, for the corresponding period for 2016. The Company's earnings surpassed Wall Street's estimates of $0.78 per share.
Jacobs' Segment Results
During Q3 FY17, the Aerospace & Technology segment generated revenue of $585.43 million compared to revenue of $667.79 million in Q3 FY17. The segment's operating profit totaled $50.59 million compared to $53.74 million in the year ago corresponding period.
During Q3 FY17, the Buildings & Infrastructure division recorded revenue of $647.25 million compared to $553.55 million in Q3 FY16. The segment's operating profit came in at $56.17 million compared to $50.17 million in the prior year's same quarter.
As of June 30, 2017, Jacobs' total backlog was $18.6 billion representing a book-to-bill of 1x, including a professional services component of $12.6 billion compared to total backlog of $18.3 billion and a professional services component of $11.9 billion for the corresponding period of last year.
For Q3 FY17, Jacobs generated cash flow from operations of $179.5 million. Additionally, during the reported quarter, the Company repurchased 0.3 million shares of common stock at a total cost of $16.0 million and paid dividends of $18.0 million.
For FY17, Jacobs is forecasting to deliver adjusted earnings per share of $3.00-$3.15, including transaction costs associated with its acquisition of CH2M of approximately $0.07 per share.
On Tuesday, August 29, 2017, Jacobs Engineering's stock closed the trading session at $53.17, rising 1.80% from its previous closing price of $52.23. A total volume of 1.01 million shares were exchanged during the session, which was above the 3-month average volume of 854.38 thousand shares. Shares of the Company have a PE ratio of 28.18 and have a dividend yield of 1.13%. The stock currently has a market cap of $6.32 billion.
Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email firstname.lastname@example.org. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: (917) 341.4653
Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Pro-Trader Daily