Jacobs (JEC) Wins New Transportation Contracts From NTA

Jacobs Engineering Group Inc. (NYSE:JEC) recently secured a number of contracts from the National Transport Authority (NTA) of Ireland to support the latter’s ongoing sustainable transportation projects.

Over the last six months, shares of this Zacks Rank #3 (Hold) company have yielded a return of 7.4%, outperforming 1.5% growth recorded by the industry.

Moreover, the company’s earnings are projected to grow nearly 8.7% in the next three to five years.

NTA Deal Insights

NTA is developing several sustainable means of transportation across Ireland, in line with the priorities and policies of the government authorities of the country.

In the last four years, Jacobs has jointly worked with NTA to create state-of-the-art regional modelling system that includes five multi-modal transportation models, serving across different locations in Ireland. These models assist in evaluating transport plans and policies, possessing national or/and local impact. Notably, the system embraces an innovative assessment toolkit, and a national demand model to efficiently assess policy interventions and programs.

Per the recently secured NTA contracts, Jacobs has been re-appointed to provide its non-imitable transport modelling expertise for another three years to assist the development of a cohesive transportation system. Notably, Jacobs will also support County Councils and Cork City with the Cork Metropolitan Area Transport Plan, and offer the company’s premium transit planning services to re-design the bus network of Greater Dublin area.

Contract Based Growth

Since the beginning of September 2017, Jacobs has been securing contracts from Evonik Industries, Department of Energy National Nuclear Security Administration (NNSA), Aerie Pharmaceuticals, Inc. (NASDAQ:AERI) and Ferring Pharmaceuticals Inc. Notably, Jacobs has also signed an agreement (Aug 7, 2017) to acquire CH2M HILL Companies Ltd., which is in sync with its efforts to become a $15-billion global solutions provider over the long run.

The company quotes competitive prices for its contracts and ensures that the number of contract receipts increases over time. Notably, higher transportation spending of the government authorities of Australia, the U.K. and the United States has largely increased the company’s contract winning opportunities.

Stocks to Consider

TopBuild Corp. (NYSE:BLD) currently sports a Zacks Rank #1 (Strong Buy) and has an average positive earnings surprise of 10.42% for the last four quarters. You can see the complete list of today’s Zacks #1 Rank stocks here.

Beazer Homes USA, Inc. (NYSE:BZH) carries a Zacks Rank #2 (Buy) and generated an impressive average positive earnings surprise of 103.47% during the same time frame.

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