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Stock Market & Financial Investment News

News Breaks
February 11, 2014
07:46 EDTJECJacobs announces acquisition of Eagleton Engineering
Jacobs Engineering announced that it has acquired Eagleton Engineering, headquartered in Houston, Texas. The acquisition enhances Jacobs’ capabilities in midstream and upstream pipeline engineering, design and field surveying services.
News For JEC From The Last 14 Days
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November 23, 2014
18:15 EDTJECJacobs Engineering announces retirement of CEO Craig Martin
Jacobs Engineering Group announced the retirement of Craig L. Martin as President and CEO and a member of the board of directors, effective on December 26 , the last day of Jacobs' first quarter of fiscal 2015. Mr. Martin elected to retire for health reasons. He has been at Jacobs since 1994 and was promoted to President of Jacobs and joined the Board in 2002. He became Chief Executive Officer in 2006. The board of directors has appointed Noel G. Watson to serve as Executive Chairman until a new CEO is appointed. Mr. Watson has been Chairman of the Board since 2004, and was CEO from November 1992 to April 2006. He was also the President from 1987 until July 2002.
November 19, 2014
11:18 EDTJECJacobs Engineering to host financial analyst presentation
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07:52 EDTJECJacobs Engineering price target lowered to $58 from $64 at UBS
UBS lowered its price target on Jacobs Engineering to $58 from $64 to reflect the risk from falling oil prices on its customers' capital expenditures. UBS reiterated its Buy rating on Jacobs Engineering shares.
November 18, 2014
11:09 EDTJECJacobs Engineering sees Q1 typically lower than Q4
Comments made on Q4 earnings conference call.
05:24 EDTJECJacobs Engineering sees FY15 EPS $3.35-$3.85, consensus $3.76
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05:23 EDTJECJacobs Engineering reports Q4 EPS 65c, consensus 86c
Reports Q4 revenue $3.2B, consensus $3.32B. Included in the company’s results for the quarter ended September 26, is an aggregate after-tax negative impact of $30.4M, or 23c per diluted share, related to restructuring efforts. Consolidated tax expense for Q4 was negatively impacted by the effects of changing tax rates relating to certain of the company's international pension plans. This impact was substantially offset by the positive effects relating to the reassessment of certain international tax exposures and the resulting reversal of approximately $4.0M of accrued interest expense.
November 17, 2014
15:16 EDTJECNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Agilent Technologies (A), consensus 89c; Jacobs Engineering (JEC), consensus 86c; Urban Outfitters (URBN), consensus 41c; Omega Protein (OME), consensus 30c.
14:02 EDTJECJacobs Engineering technical comments before earnings
The stock has underperformed in the prior three months, trading down 10%. The trend was decidedly bearish in the front half of the period, but since the market lows of mid-October has modified to a sideways consolidation. In a longer-term view the recent price action has been part of a much larger downtrend since price peaked in late 2013. There is a potential bearish flag when viewed on a 5-year graph, with the flag being formed by the recent price consolidation. On bearish news, a breakdown below the low of the flag at $47 would trigger the pattern. Downside potential if the pattern triggers and completes is to the $35 area. If the news is better than current bearish expectations would suggest, the key for price would be breaking out of the top of the flag at $49. If that happens the pattern would be voided. Additional upside objectives would be at $50.56, $51.65, and $53.28 depending on the degree of positive surprise.
November 14, 2014
08:46 EDTJECJacobs Engineering names Kevin Berryman as EVP, CFO
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November 11, 2014
10:00 EDTJECOn The Fly: Analyst Initiation Summary
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07:48 EDTJECJacobs Engineering receives GEC contract from TxDOT
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07:47 EDTJECJacobs Engineering receives contract from Chevron in South Africa
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06:31 EDTJECJacobs Engineering initiated with a Market Perform at Cowen
Target $53.
November 10, 2014
10:04 EDTJECOn The Fly: Analyst Initiation Summary
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06:55 EDTJECJacobs Engineering initiated with a Market Perform at Cowen

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