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Jacobs Solutions Inc. (NYSE:J), a $15.15 billion engineering services company currently trading at $126.30, announced a pro rata distribution of Amentum Holdings, Inc. shares to its shareholders. According to InvestingPro data, the company maintains strong financial health with a current ratio of 1.5, demonstrating solid liquidity. The distribution, effective May 30, involved 7,299,065 shares of Amentum’s common stock. Each Jacobs Solutions shareholder received 0.060835 of a share of Amentum stock for each share of Jacobs Solutions stock owned as of May 16, the record date for the distribution. Shareholders could opt for cash in lieu of fractional shares. This information is based on a recent SEC filing. The move aligns with the company’s shareholder-friendly approach, which InvestingPro analysis highlights through aggressive share buybacks and consistent dividend increases. For deeper insights into Jacobs Solutions’ valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Jacobs Solutions announced the completion of a special pro rata dividend distribution of 7,299,065 shares of Amentum Holdings Inc. common stock to its shareholders. This strategic move signifies Jacobs Solutions’ complete separation from Amentum, as the company no longer holds any shares of Amentum stock. Additionally, Jacobs has been selected as the Integrated Delivery Partner for the Marinus (NASDAQ:MRNS) Link project, an undersea and underground electricity interconnector in Australia, designed to enhance energy security and support renewable energy. The project is expected to create 3,300 jobs and generate $3.9 billion in economic growth.
In terms of financial performance, Jacobs Engineering reported second-quarter earnings for 2025 with an earnings per share (EPS) of $1.43, surpassing the forecasted $1.39. However, the company faced a revenue shortfall, reporting $2.91 billion against an anticipated $3 billion. Despite this, Jacobs reaffirmed its full-year 2025 guidance, expecting mid to high single-digit revenue growth and an EBITDA margin of 13.8-14%. RBC Capital has adjusted its price target for Jacobs Engineering to $154, maintaining an Outperform rating, while Bernstein also reiterated an Outperform rating with a price target of $144. Jacobs Engineering anticipates stronger revenue growth in the latter half of 2025, supported by a significant backlog increase of 20% year-over-year.
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