We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
AECOM (ACM) Inks USAFA Contract for Planning & Design Services
Read MoreHide Full Article
AECOM (ACM - Free Report) is set to provide master planning, architecture, and engineering services to the United States Air Force Academy (USAFA).
Through a sole-source indefinite delivery, indefinite quantity (IDIQ) contract, AECOM is responsible to support USAFA with its multi-disciplined planning and conceptual designs.
AECOM has been working with USAFA for more than two decades and has been providing solutions to some of its most challenging architectural and engineering projects.
U.S. Infrastructural Push: A Boon
In the United States, the $1.2-trillion Infrastructure and Jobs Act marks a generational investment in America's infrastructure. This bill provides the much-needed long-term funding certainty across AECOM’s strongest end markets such as transit modernization, electrification, environmental remediation and climate resilience.
Demand for AECOM’s technical, advisory and program management capabilities is increasing against a backdrop of an improving funding environment, highlighted by the recent passing of the federal infrastructure bill in the United States as well as rising demand for ESG-related services. This has encouraged the company to expect accelerating revenue growth in fiscal 2022 and continued margin, adjusted EBITDA and adjusted earnings per share growth.
In the latest contract with the USAFA, AECOM will leverage its experience in higher education, historic preservation, and facility and supporting infrastructure design to create a master plan for the development of the campus. The company’s scope of work includes community, agency, and constituency outreach and collaboration; data and spatial analysis; visualization of planning efforts; creation of district and sustainability component plans; environmental services; historic preservation recommendations; and conceptual cost estimating.
AECOM is witnessing robust prospects in all its segments. The company’s net service revenues or NSR — defined as revenues excluding subcontractor and other direct costs — have been benefiting from strength across core transportation, water and environment markets. NSR for the first quarter of fiscal 2022 increased 5%, marking the fourth consecutive quarter of accelerating organic growth, including strong contributions from both the Americas and International businesses. Its backlog amounted to $38.8 billion at fiscal first quarter-end. The backlog level included 15% contracted backlog growth, with increases in both Design and Construction Management businesses.
Image Source: Zacks Investment Research
Coming to share price, this Zacks Rank #2 (Buy) company’s shares have gained 23.3% in the past year, outperforming the industry’s 9.2% rise. Earnings for fiscal 2022 are expected to grow 20.6% year over year. Earnings estimates have gone 3% up over the past 30 days, depicting analysts’ optimism over the company’s prospects. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Top-Ranked Stocks in the Construction Sector
James Hardie Industries plc (JHX - Free Report) currently sports a Zacks Rank #1. James Hardie’s shares have gained 10% in the past year.
JHX’s earnings are expected to rise 37.9% in fiscal 2022.
Simpson Manufacturing Co., Inc. (SSD - Free Report) currently carries a Zacks Rank #1. Simpson Manufacturing’s shares have increased 21.7% in the past year.
SSD’s earnings for 2022 are expected to rise 5.9%.
Owens Corning (OC - Free Report) currently carries a Zacks Rank #2. Owens Corning’s shares have gained 16.1% in the past year.
Earnings for OC are expected to increase 11.7% in 2022.
See More Zacks Research for These Tickers
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
AECOM (ACM) Inks USAFA Contract for Planning & Design Services
AECOM (ACM - Free Report) is set to provide master planning, architecture, and engineering services to the United States Air Force Academy (USAFA).
Through a sole-source indefinite delivery, indefinite quantity (IDIQ) contract, AECOM is responsible to support USAFA with its multi-disciplined planning and conceptual designs.
AECOM has been working with USAFA for more than two decades and has been providing solutions to some of its most challenging architectural and engineering projects.
U.S. Infrastructural Push: A Boon
In the United States, the $1.2-trillion Infrastructure and Jobs Act marks a generational investment in America's infrastructure. This bill provides the much-needed long-term funding certainty across AECOM’s strongest end markets such as transit modernization, electrification, environmental remediation and climate resilience.
Demand for AECOM’s technical, advisory and program management capabilities is increasing against a backdrop of an improving funding environment, highlighted by the recent passing of the federal infrastructure bill in the United States as well as rising demand for ESG-related services. This has encouraged the company to expect accelerating revenue growth in fiscal 2022 and continued margin, adjusted EBITDA and adjusted earnings per share growth.
In the latest contract with the USAFA, AECOM will leverage its experience in higher education, historic preservation, and facility and supporting infrastructure design to create a master plan for the development of the campus. The company’s scope of work includes community, agency, and constituency outreach and collaboration; data and spatial analysis; visualization of planning efforts; creation of district and sustainability component plans; environmental services; historic preservation recommendations; and conceptual cost estimating.
AECOM is witnessing robust prospects in all its segments. The company’s net service revenues or NSR — defined as revenues excluding subcontractor and other direct costs — have been benefiting from strength across core transportation, water and environment markets. NSR for the first quarter of fiscal 2022 increased 5%, marking the fourth consecutive quarter of accelerating organic growth, including strong contributions from both the Americas and International businesses. Its backlog amounted to $38.8 billion at fiscal first quarter-end. The backlog level included 15% contracted backlog growth, with increases in both Design and Construction Management businesses.
Image Source: Zacks Investment Research
Coming to share price, this Zacks Rank #2 (Buy) company’s shares have gained 23.3% in the past year, outperforming the industry’s 9.2% rise. Earnings for fiscal 2022 are expected to grow 20.6% year over year. Earnings estimates have gone 3% up over the past 30 days, depicting analysts’ optimism over the company’s prospects. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Top-Ranked Stocks in the Construction Sector
James Hardie Industries plc (JHX - Free Report) currently sports a Zacks Rank #1. James Hardie’s shares have gained 10% in the past year.
JHX’s earnings are expected to rise 37.9% in fiscal 2022.
Simpson Manufacturing Co., Inc. (SSD - Free Report) currently carries a Zacks Rank #1. Simpson Manufacturing’s shares have increased 21.7% in the past year.
SSD’s earnings for 2022 are expected to rise 5.9%.
Owens Corning (OC - Free Report) currently carries a Zacks Rank #2. Owens Corning’s shares have gained 16.1% in the past year.
Earnings for OC are expected to increase 11.7% in 2022.