|Bid||83.90 x 800|
|Ask||83.93 x 800|
|Day's Range||83.39 - 84.48|
|52 Week Range||55.17 - 85.85|
|Beta (3Y Monthly)||1.27|
|PE Ratio (TTM)||41.09|
|Earnings Date||Aug 5, 2019|
|Forward Dividend & Yield||0.68 (0.79%)|
|1y Target Est||87.14|
Saudi Arabia's sovereign wealth fund buys a 40% interest in Jasara, leaving Aramco and Jacobs with respective stakes of 20% and 40% in the entity.
(Bloomberg) -- Saudi Arabia’s sovereign wealth fund has acquired a 40% stake in a joint venture between state energy producer Aramco and Jacobs Engineering Group Inc., according to three people familiar with the matter.The Public Investment Fund acquired 30% of Jasara Program Management Co. from Saudi Arabian Oil Co. and 10% of the joint venture from Jacobs, one of the people said, leaving Aramco with 20% and Jacobs with 40%. The venture was created in 2017 to provide management services for social infrastructure projects in the kingdom and across the Middle East and North Africa, according to a Jacobs statement from that year.Jasara declined to comment, while Saudi Aramco and Dallas-based Jacobs didn’t immediately respond to requests for comment. None of the people disclosed the value of the deal.At the time Jasara was created, the Saudi government had announced plans to transform Aramco from an energy company into an industrial conglomerate, as part of efforts to help the biggest Arab economy break its reliance on oil sales. Aramco has built the King Abdullah Sports City in Jeddah at the request of the government, and established the King Abdullah University of Science and Technology on the Red Sea.Aramco, the world’s most profitable company, is restarting preparations for a potential initial public offering, months after putting the planned listing on hold, other people familiar with the matter said earlier this month. The revived IPO plan will still face significant hurdles, including the ability of the kingdom to achieve the $2 trillion valuation it’s been seeking for the company.(Adds details on planned Aramco IPO in last paragraph.)To contact the reporters on this story: Vivian Nereim in Riyadh at firstname.lastname@example.org;Zainab Fattah in Dubai at email@example.comTo contact the editors responsible for this story: Nayla Razzouk at firstname.lastname@example.org, Bruce Stanley, Christopher SellFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
DALLAS , July 11, 2019 /PRNewswire/ -- Jacobs (NYSE:JEC) plans to release its fiscal third quarter 2019 earnings results prior to market open on Monday, August 5, 2019 , and plans to host a conference ...
DALLAS , July 11, 2019 /PRNewswire/ -- The Board of Directors of Jacobs (NYSE:JEC) has declared a quarterly cash dividend payable to shareholders in the amount of $0.17 per share of Jacobs common stock. ...
Jacobs Engineering Group (JEC) inks an U.S. Department of State commissioning services contract, in turn fortifying the Buildings, Infrastructure and Advanced Facilities business.
Does Jacobs Engineering (JEC) have what it takes to be a top stock pick for momentum investors? Let's find out.
Jacobs Engineering Group Inc NYSE:JECView full report here! Summary * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for JEC with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $3.66 billion over the last one-month into ETFs that hold JEC are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
DALLAS, July 9, 2019 /PRNewswire/ -- Jacobs (JEC) was selected by the U.S. Department of State Bureau of Overseas Buildings Operations (OBO) to provide commissioning services. OBO estimates the five-year contract at $25 million, with a base year and four option years of $5 million each. Commissioning services will help OBO understand building system requirements and improve system performance using engineering and construction expertise.
Solid simulation industry fundamentals, growth prospects and aggressive acquisitions will help Altair Engineering (ALTR) to grow further.
KBR receives task order from Naval Air Systems Command's Logistics and Maintenance Information Systems and Technology Division.
Improved sales & higher price realization aid Acuity Brands' (AYI) fiscal Q3 results. However, foreign exchange rates and the adoption of ASC 606 are risks.
Dividend paying stocks like Jacobs Engineering Group Inc. (NYSE:JEC) tend to be popular with investors, and for good...
DALLAS, July 2, 2019 /PRNewswire/ -- Jacobs (JEC), in support of NASA, successfully completed a crucial full-stress flight test of the Orion spacecraft's Launch Abort System (LAS), verifying the abort system can steer the spacecraft and astronauts aboard to safety if an emergency arises during ascent to orbit. The flight test, called Ascent Abort-2 (AA-2), is a critical step in helping demonstrate Orion's safety as NASA leads the next steps of human exploration to deep space. "As NASA's largest services provider, we collaborate internally and partner with NASA to deliver mission-tailored solutions that enable safe exploration of the Moon and beyond," said Jacobs Aerospace, Technology and Nuclear Senior Vice President Steve Arnette.
The construction space looks attractive for the balance of 2019 given consistent job growth, Fed's Dovish stance and apparent trade truce with China.