Jacobs Engineering: Adjusted 3Q EPS Roughly Flat; Efficiency Gains Offset Weaker Demand
Jacobs Engineering's fiscal third quarter was characterized by meaningful benefits from aggressive reshaping and restructuring measures amid sluggish overall E&C industry demand. Operating profit rose 9% versus one year ago despite a 7% revenue decline due to higher gross margins and lower overhead costs. We maintain our no-moat rating and raise our fair value estimate to $45 per share from $41 mainly to reflect stronger future margin assumptions.CEO Steven Demetriou has been driving accele...
Jacobs Engineering Group provides services including consulting, technical, scientific and project delivery for the government and private sector. The company's lines of business are: Critical Mission Solutions, which provides cybersecurity, data analytics, software application development, enterprise and mission information technology, systems integration and other technical consulting solutions to government agencies as well as aerospace, automotive and telecom customers; and People and Places Solutions, which provides end-to-end solutions for its clients' projects, whether connected mobility, water, smart cities, manufacturing or the environment.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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