Jacobs Buys FMHC Corp; Wins US Army Deal - Analyst Blog
January 08 2014 - 9:40AM
Zacks
Engineering and construction
company Jacobs Engineering Group Inc. (JEC)
recently announced the acquisition of Chicago-based FMHC
Corporation. The financial terms of the deal were kept under
wraps.
Since 1984, FMHC has been providing
consulting and construction services to OEMs, major wireless
carriers and others in the wireless communication industry. Along
with this, the company also offers services for real estates,
architecture, engineering and construction industries and also
provides technical services.
Jacobs expects to enhance its
geographical presence as well as services, with the acquisition of
FMHC. FMHC has roughly a dozen offices in nine states across the
country.
Separately, Jacobs also announced
winning a contract to supply its Global Logistics and Support
Services, to the U.S. Army in Rock Island, Ill. With a maximum
value of $135 million, the contract spans for a year and has two
one-year option periods.
The contract deals with the U.S.
contingency services, where the company is providing analysis,
logistics, acquisition, planning and life cycle management support
services. Based on joint ventures and contract wins, Jacobs caters
to an array of sectors like oil and gas, petrochemical, mining, IT
services and power.
With such continuous growth
initiatives, we expect the company to achieve greater success in
the quarters to come. Jacobs is expected to release its fiscal
first-quarter 2014 results on Jan 22. The Zacks Consensus Estimate
for the same stands at 73 cents.
With a Zacks Rank #3 (Hold), Jacobs
currently has a market capitalization of $8.3 billion. Some
better-ranked stocks to watch out for in the industry include
Beazer Homes USA Inc. (BZH),
William Lyon Homes (WLH) and Standard
Pacific Corp. (SPF). While Beazer Homes and William Lyon
Homes carry a Zacks Rank #1 (Strong Buy), Standard Pacific holds a
Zacks Rank #2 (Buy).
BEAZER HOMES (BZH): Free Stock Analysis Report
JACOBS ENGIN GR (JEC): Free Stock Analysis Report
STANDARD PAC (SPF): Free Stock Analysis Report
WILLIAM LYON HM (WLH): Get Free Report
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