Stock Monitor: VSE Corp. Post Earnings Reporting
LONDON, UK / ACCESSWIRE / March 07, 2018 / Active-Investors.com has just released a free earnings report on Jacobs Engineering Group Inc. (NYSE: JEC). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=JEC. The Company posted its first quarter fiscal 2018 financial results on February 07, 2018. The Company's adjusted diluted earnings per share (EPS) rose 13% y-o-y, beating market consensus forecasts. Register today and get access to over 1000 Free Research Reports by joining our site below:
Active-Investors.com is currently working on the research report for VSE Corporation (NASDAQ: VSEC), which also belongs to the Services sector as the Company Jacobs Engineering Group. Do not miss out and become a member today for free to access this upcoming report at:
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Jacobs Engineering Group most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
Earnings Highlights and Summary
The Dallas, Texas-based Company reported revenues of $2.75 billion in Q1 FY18, which came in above the $2.55 billion recorded in the prior year's same quarter. The Company's revenue numbers outshone market expectations of $2.56 billion.
For the quarter ended December 29, 2017, the construction and technical services Company's net income attributable to common shareholders came in at $2.16 million, or $0.02 per diluted share, compared to a net income of $60.54 million, or $0.50 per diluted share, in Q1 FY17. Excluding certain items, the Company reported an adjusted net income attributable to common shareholders of $96.98 million, or $0.77 per diluted share, in Q1 FY18 versus $83.34 million, or $0.68 per diluted share, in the prior year's comparable period. Furthermore, Wall Street had expected the Company to report an adjusted net income of $0.67 per share in Q1 FY18.
In Q1 FY18, Jacobs Engineering's direct cost of contracts was $2.26 billion versus $2.13 billion in Q1 FY17. The Company's gross profit rose to $487.18 million in Q1 FY18 from $419.31 million in the previous year's corresponding quarter. The Company's gross margin also improved 130 basis points to 18% y-o-y in Q1 FY18. The Company incurred selling, general, and administrative expenses (SG&A) of $439.54 million in Q1 FY18, rising from $330.68 million in Q1 FY17. Furthermore, the Company's adjusted operating profit stood at $134.63 million in Q1 FY18.
In Q1 FY18, Jacobs Engineering's Aerospace & Technology segment's revenues grew to $721.57 million from $577.44 million in Q1 FY17. The segment's operating profit also increased to $65.82 million in Q1 FY18 from $51.09 million in the prior year's same quarter.
The Company's Buildings & Infrastructure segment's revenues rose to $658.47 million in Q1 FY18 from $580.62 million in the year ago comparable quarter. Furthermore, the segment's operating profit surged to $45.27 million in Q1 FY18 from $38.80 million in Q1 FY17.
Jacobs Engineering's Industrial segment's revenues fell to $749.32 million in Q1 FY18 from $751.74 million in Q1 FY17. Meanwhile, the segment reported an operating profit of $38.11 million in Q1 FY18, which came in above $25.13 million in Q1 FY17.
During Q1 FY18, The Company's Petroleum & Chemicals segment's revenues declined to $620.96 million from $641.81 million in Q1 FY17. However, the segment's operating profit rose to $27.56 million in Q1 FY18 from $23.65 million in Q1 FY17.
Cash Matters and Balance Sheet
In Q1 FY18, the Company's cash flow from operations declined to $46.89 million from $110.43 million in Q1 FY17. As on December 29, 2017, Jacobs Engineering reported cash and cash equivalents of $1.06 billion compared to $774.15 million as on September 29, 2017. Furthermore, the Company had a long-term debt balance amounting to $2.59 billion as on December 29, 2017, versus $235.00 million as on September 29, 2017.
Jacobs Engineering's management raised its adjusted EPS outlook for the full fiscal year 2018, including the approximate nine-month contribution from the CH2M acquisition, to $3.85 to $4.25 from the prior guidance of $3.55 to $3.95.
Stock Performance Snapshot
March 06, 2018 - At Tuesday's closing bell, Jacobs Engineering Group's stock marginally advanced 0.15%, ending the trading session at $60.20.
Volume traded for the day: 1.22 million shares, which was above the 3-month average volume of 1.21 million shares.
Stock performance in the last previous six-month period – up 9.20%; and past twelve-month period – up 6.70%
After yesterday's close, Jacobs Engineering Group's market cap was at $8.43 billion.
Price to Earnings (P/E) ratio was at 27.72.
The stock has a dividend yield of 1.00%.
The stock is part of the Services sector, categorized under the Technical Services industry. This sector was up 0.9% at the end of the session.
Active-Investors (A-I) 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. A-I 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.
A-I 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® charterholder (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 A-I. A-I 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.
A-I, 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. A-I, 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, A-I, 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 A-I 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://active-investors.com/legal-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: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.