JACOBS ENGINEERING GROUP INC.

(J)
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Jacobs Awards Project Management Contract with Johns Hopkins Medicine

01/19/2022 | 07:45am EDT

Jacobs was selected by Johns Hopkins Medicine to provide project management services for the redevelopment of laboratory space on its medical campus in Baltimore, Maryland. Plans are to renovate The Johns Hopkins Hospital's existing Children's Medical and Surgical Center and construct a new 12-story North Tower addition. The CMSC Building, originally built as the home for Johns Hopkins Children's Center, a 200-bed hospital, has been used for research labs and offices since 2012. The new project will provide innovative spaces for wet and computational laboratories, as well as collaborative spaces for investigators, clinicians and students. The contract includes project management services for 531,609 square feet of renovations and additions for the CMSC North Tower project, as well as replacement of the existing façade, construction of research laboratories, and a new entrance to The Johns Hopkins Hospital from Monument Street. Construction is estimated to be completed in the summer of 2026. Johns Hopkins Medicine is an integrated global health enterprise based in Baltimore, Maryland.


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Financials (USD)
Sales 2022 15 096 M - -
Net income 2022 677 M - -
Net Debt 2022 2 280 M - -
P/E ratio 2022 26,2x
Yield 2022 0,67%
Capitalization 17 486 M 17 486 M -
EV / Sales 2022 1,31x
EV / Sales 2023 1,18x
Nbr of Employees 52 000
Free-Float 99,1%
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Number of Analysts 17
Last Close Price 135,94 $
Average target price 160,40 $
Spread / Average Target 18,0%
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Managers and Directors
Steven J. Demetriou Chairman & Chief Executive Officer
Kevin Christopher Berryman Co-President & Chief Financial Officer
Robert Venkat Pragada Co-President & Chief Operating Officer
Madhuri A. Andrews Chief Digital & Information Officer, Senior VP
Michael R. Tyler Secretary, Chief Compliance Officer & Senior VP