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United Utilities Group is primarily a holding company for United Utilities Water, the country's largest regulated water and wastewater utility, serving customers in northwest England, including Manchester and Liverpool.

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United Utilities Reports Increase In Pretax Profit, Raises Dividend

UNITED UTILITIES GRP ORD by United Utilities Group PLC

United Utilities Group PLC

Jacobs Solutions, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/j#NYSE">J</a>) and VolkerStevin&#39;s joint venture company &mdash; C2V &mdash; will act as a Construction Delivery Partner to support United Utilities&#39;&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/uugwf#OTC">UUGWF</a>) major capital investment program. 
C2V will provide project management, design, build and commissioning solutions services for complex capital projects. These projects will cover water and wastewater treatment, pumping stations, reservoirs, bioresources and energy. 
C2V and other companies involved in this specialist framework will form an integrated delivery organization with United Utilities to deliver an estimated $3.8 billion capital program from 2025 to 2030. The program also has an option to extend for an additional five years, from 2030 to 2035. 
Meanwhile, the Water Services Regulation Authority for England and Wales, Ofwat, will review United Utilities&#39; proposals and give its draft response by July, with final plans agreed by December this year. 
Jacobs&#39; senior vice president, Kate Kenny, said, &quot;The water sector is facing unprecedented environmental challenges. This framework positions United Utilities to deliver its largest ever program to advance environmental performance and critical water services in North West England.&quot; 
C2V has supported United Utilities for the past 10 years, delivering both water and wastewater projects providing safe, secure and resilient water resources and improving river water quality across North West England.
<h3>Solid Project Execution to Drive Growth</h3>
Jacobs&#39; ability to execute projects efficiently has played a pivotal role in driving the company&#39;s performance in recent quarters. The continuous success in securing new contracts stands as evidence of this proficiency. 
The solid project execution efforts are supported by its ongoing backlog growth. At the fiscal second-quarter end, the company reported a backlog of $29.4 billion, up 2% year over year. This reflects persistent solid demand for Jacobs&#39; consulting services. People &amp; Places Solutions&#39; backlog was $17.93 billion in the fiscal second quarter compared with $17.56 billion in the year-ago period. The backlog at the Critical Mission Solutions segment was $8.45 billion in the fiscal second quarter, up from $8.14 billion a year ago.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/4c/68692.jpg?v=870941596" /> 
Image Source: Zacks Investment Research
Shares of the company have gained 7.4% so far this year compared with the Zacks Technology Services industry&#39;s 14.6% growth. Although J&#39;s shares have underperformed the industry, its earnings per share estimates for fiscal 2024 suggest 10.8% year-over-year growth.
<h3>Zacks Rank &amp; Stocks to Consider</h3>
Currently, Jacobs carries a Zacks Rank #4 (Sell). 
Here are some better-ranked stocks in the same space: 
AppLovin Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/app#NASDAQ">APP</a>) currently sports a Zacks Rank of 1 (Strong Buy). 
APP delivered a trailing four-quarter earnings surprise of 60.9%, on average. The Zacks Consensus Estimate for APP&#39;s 2024 sales and EPS indicates growth of 31.7% and 202%, respectively, from the prior-year levels. 
Duolingo, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/duol#NASDAQ">DUOL</a>) currently sports a Zacks Rank of 1. DUOL delivered a trailing four-quarter earnings surprise of 115.2%, on average. 
The Zacks Consensus Estimate for DUOL&#39;s 2024 sales and EPS indicates growth of 37.8% and 397.1%, respectively, from the prior-year levels. 
SPX Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spxc#NYSE">SPXC</a>) presently flaunts a Zacks Rank of 1. SPXC has a trailing four-quarter earnings surprise of 13.9%, on average. 
The Zacks Consensus Estimate for SPXC&#39;s 2024 sales and EPS indicates an increase of 14.7% and 24.4%, respectively, from the year-ago period&#39;s reported levels.
<a href="https://www.zacks.com/stock/news/2287426/jacobs-j-c2v-to-help-united-utilities-water-services?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2287426">To read this article on Zacks.com click here.</a>

Jacobs' C2V to Help United Utilities' Water Services

Deere &amp; Co (NYSE: <a class="ticker" href="/stock/de#NYSE">DE</a>) reported a 46% rise in its FQ4 profit on Wednesday. Deere's quarterly net income climbed to $669 million, or $1.62 per share, from $457 million, or $1.07 per share, in the year-ago period. However, analysts were expecting earnings of $1.47 per share. Deere's revenue surged 20% to $8.61 billion. For the year, Deere's net income came in at $2.8 billion, versus the company's estimates of $2.7 billion. Deere projects 2012 equipment sales to surge around 15%, and to climb 16% to 18% in the first quarter. It expects net income of around $3.2 billion.

ReneSola Ltd (NYSE: <a class="ticker" href="/stock/sol#NYSE">SOL</a>) swung to a third-quarter loss and issued a weak fourth quarter forecast. ReneSola projects Q4 revenue of $140 to $150 million, versus analysts' estimates of $221.3 million. ReneSola posted a quarterly net loss of $8.2 million, or $0.09 per American Depositary Share (<a class="ticker" href="/stock/ads#">ADS</a>), versus a year-ago profit of $60.1 million, or $0.70 per ADS. Its revenue dipped to $189.1 million. ReneSola lowered its 2011 capital spending budget by around 40% to $158 million. ReneSola projects total solar wafer and module shipments of 1.23 Gigawatts (GW) to 1.25 GW.

Diana Shipping Inc (NYSE: <a class="ticker" href="/stock/dsx#NYSE">DSX</a>) reported a drop in its third-quarter net income. Diana Shipping's quarterly net income declined to $26.4 million, from $33.8 million, in the year-ago quarter. Its earnings per share fell to $0.33 from $0.42. Time charter fell 10% to $64.2 million. However, analysts were expecting earnings of $0.32 per share on revenue of $62.35 million.

Partner Communications (NASDAQ: <a class="ticker" href="/stock/ptnr#NASDAQ">PTNR</a>) reported a 44% drop in its third-quarter profit. Partner Communications' quarterly net profit declined to 172 million shekels ($46 million), from 309 million shekels, in the year-ago period. Its revenue gained 6% to 1.75 billion shekels. Partner Communications' earnings before interest, taxes, depreciation and amortisation (EBITDA) dipped 17% to 529 million. However, analysts were expecting earnings of 205 million shekels, EBITDA of 549 million shekels and revenue of 1.84 billion shekels.

Yingli Green Energy Holding Co (NYSE: <a class="ticker" href="/stock/yge#NYSE">YGE</a>) swung to a Q3 loss and lowered its full-year photovoltaic module shipment forecast. Yingli Green posted a quarterly net loss of $28.3 million, or $0.18 per American Depositary Share (<a class="ticker" href="/stock/ads#">ADS</a>), versus a year-ago profit of $68.2 million, or $0.44 per ADS. Excluding items, Yingli Green reported a profit of $0.14 per ADS. Its revenue surged 36% to around $667.7 million. Yingli Green lowered its 2011 module shipment view to 1,580 megawatts (mw) to 1,630 mw, versus its earlier forecast of 1,700 to 1,750 mw.

New Jersey Resources Corp (NYSE: <a class="ticker" href="/stock/njr#NYSE">NJR</a>) reported a 4.9% rise in its FY11 net financial earnings per share. NJR reported its FY11 net financial earnings at $106.5 million, or $2.58 per share, up from $101.8 million, or $2.46 per share, in the year-ago period. NJR reported its Q4 net financial earnings at $675,000, versus a loss of $1.2 million, in the year-ago period.

Johnson Matthey PLC (OTC: <a class="ticker" href="/stock/jmply#OTC">JMPLY</a>) reported a 35% rise in its pretax profit for the six months ended Sept. 30 and lifted its dividend by 20%. Johnson Matthey's revenue for the period surged to GBP5.90 billion, from GBP4.56 billion, in the year-ago period. Its pretax profit rose to GBP195.1 million, from GBP144.1 million. Johnson Matthey's net profit attributable to owners of parent company climbed to GBP149.4 million from GBP104.7 million. Johnson Matthey's diluted EPS from continuing operations rose to 69.6 pence from 48.9. Its underlying EPS rose to 72.8 pence from 56.3 pence. 

QinetiQ Group PLC (OTC: <a class="ticker" href="/stock/qntqy#OTC">QNTQY</a>) swung to a half-year net profit. QinetiQ's net profit for the period came in at GBP66.6 million, versus a year-ago net loss of GBP42.1 million. Its revenue dropped 14% to GBP739.6 million from GBP864.9 million.

Avon Rubber PLC (OTC: <a class="ticker" href="/stock/avnbf#OTC">AVNBF</a>) reported a rise in its full-year pretax profit and lifted its final dividend. Avon's revenue for the period fell 8% to GBP107.6 million. Its pretax profit rose to GBP10.2 million, from GBP7.1 million in 2010. However, analysts were expecting a pretax profit of GBP10.3 million. 

Daily Mail &amp; General Trust PLC reported an increase in its earnings and revenue for the year ended Oct. 2. Daily Mail's revenue for the period gained 1% to GBP1.99 billion, from GBP1.97 billion, in the year-ago period, versus analysts' expectations of GBP1.99 billion. Its adjusted pretax profit climbed 3% to GBP237 million, from GBP230 million. 

United Utilities Group (OTC: <a class="ticker" href="/stock/uugwf#OTC">UUGWF</a>) reported a rise in its profit for the six months ended Sept. 30 and lifted its dividend. United Utilities' revenue for the period surged to GBP792.7 million, from GBP762.4 million, in the year-ago period. Its operating profit rose to GBP322.6 million from GBP311.5 million. United Utilities' pretax profit gained to GBP124.4 million from GBP122.2 million. Its diluted EPS rose to 20.7 pence from 19.5 pence. 

Compass Group PLC (OTC: <a class="ticker" href="/stock/cmpgy#OTC">CMPGY</a>) reported an increase in its full-year profit. Compass Group's revenue for the period climbed 9.4% to GBP15.8 billion, from GBP14.5 billion, in the year-ago period. Its profit before tax rose to GBP958 million from GBP913 million.

United Utilities Group (OTC: UUGWF) reported a rise in its profit for the six months ended Sept. 30 and lifted its dividend.

United Utilities' revenue for the period surged to GBP792.7 million, from GBP762.4 million, in the year-ago period. Its operating profit rose to GBP322.6 million from GBP311.5 million. 

United Utilities' pretax profit gained to GBP124.4 million from GBP122.2 million. Its diluted EPS rose to 20.7 pence from 19.5 pence. 

United Utilities lifted its dividend to 10.67 pence, from 10 pence.

United Utilities Gr

Jacobs Solutions, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/J#NYSE">J</a>) and VolkerStevin&#39;s joint venture company &mdash; C2V &mdash; will act as a Construction Delivery Partner to support United Utilities&#39;&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/UUGWF#OTC">UUGWF</a>) major capital investment program. 
C2V will provide project management, design, build and commissioning solutions services for complex capital projects. These projects will cover water and wastewater treatment, pumping stations, reservoirs, bioresources and energy. 
C2V and other companies involved in this specialist framework will form an integrated delivery organization with United Utilities to deliver an estimated $3.8 billion capital program from 2025 to 2030. The program also has an option to extend for an additional five years, from 2030 to 2035. 
Meanwhile, the Water Services Regulation Authority for England and Wales, Ofwat, will review United Utilities&#39; proposals and give its draft response by July, with final plans agreed by December this year. 
Jacobs&#39; senior vice president, Kate Kenny, said, &quot;The water sector is facing unprecedented environmental challenges. This framework positions United Utilities to deliver its largest ever program to advance environmental performance and critical water services in North West England.&quot; 
C2V has supported United Utilities for the past 10 years, delivering both water and wastewater projects providing safe, secure and resilient water resources and improving river water quality across North West England.

<h3>Solid Project Execution to Drive Growth</h3>

Jacobs&#39; ability to execute projects efficiently has played a pivotal role in driving the company&#39;s performance in recent quarters. The continuous success in securing new contracts stands as evidence of this proficiency. 
The solid project execution efforts are supported by its ongoing backlog growth. At the fiscal second-quarter end, the company reported a backlog of $29.4 billion, up 2% year over year. This reflects persistent solid demand for Jacobs&#39; consulting services. People &amp; Places Solutions&#39; backlog was $17.93 billion in the fiscal second quarter compared with $17.56 billion in the year-ago period. The backlog at the Critical Mission Solutions segment was $8.45 billion in the fiscal second quarter, up from $8.14 billion a year ago.

<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/4c/68692.jpg?v=870941596" /> 
Image Source: Zacks Investment Research

Shares of the company have gained 7.4% so far this year compared with the Zacks Technology Services industry&#39;s 14.6% growth. Although J&#39;s shares have underperformed the industry, its earnings per share estimates for fiscal 2024 suggest 10.8% year-over-year growth.

<h3>Zacks Rank &amp; Stocks to Consider</h3>

Currently, Jacobs carries a Zacks Rank #4 (Sell). 
Here are some better-ranked stocks in the same space: 
AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) currently sports a Zacks Rank of 1 (Strong Buy). 
APP delivered a trailing four-quarter earnings surprise of 60.9%, on average. The Zacks Consensus Estimate for APP&#39;s 2024 sales and EPS indicates growth of 31.7% and 202%, respectively, from the prior-year levels. 
Duolingo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUOL#NASDAQ">DUOL</a>) currently sports a Zacks Rank of 1. DUOL delivered a trailing four-quarter earnings surprise of 115.2%, on average. 
The Zacks Consensus Estimate for DUOL&#39;s 2024 sales and EPS indicates growth of 37.8% and 397.1%, respectively, from the prior-year levels. 
SPX Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPXC#NYSE">SPXC</a>) presently flaunts a Zacks Rank of 1. SPXC has a trailing four-quarter earnings surprise of 13.9%, on average. 
The Zacks Consensus Estimate for SPXC&#39;s 2024 sales and EPS indicates an increase of 14.7% and 24.4%, respectively, from the year-ago period&#39;s reported levels.

<a href="https://www.zacks.com/stock/news/2287426/jacobs-j-c2v-to-help-united-utilities-water-services?cid=CS-BENZ-FT-analyst_blog&#x7C;company_news_corporate_actions-2287426">To read this article on Zacks.com click here.</a>

Deere & Co (NYSE: <a class="ticker" href="/stock/de#NYSE">DE</a>) reported a 46% rise in its FQ4 profit on Wednesday. Deere's quarterly net income climbed to $669 million, or $1.62 per share, from $457 million, or $1.07 per share, in the year-ago period. However, analysts were expecting earnings of $1.47 per share. Deere's revenue surged 20% to $8.61 billion. For the year, Deere's net income came in at $2.8 billion, versus the company's estimates of $2.7 billion. Deere projects 2012 equipment sales to surge around 15%, and to climb 16% to 18% in the first quarter. It expects net income of around $3.2 billion.

ReneSola Ltd (NYSE: <a class="ticker" href="/stock/sol#NYSE">SOL</a>) swung to a third-quarter loss and issued a weak fourth quarter forecast. ReneSola projects Q4 revenue of $140 to $150 million, versus analysts' estimates of $221.3 million. ReneSola posted a quarterly net loss of $8.2 million, or $0.09 per American Depositary Share (<a class="ticker" href="/stock/ads#">ADS</a>), versus a year-ago profit of $60.1 million, or $0.70 per ADS. Its revenue dipped to $189.1 million. ReneSola lowered its 2011 capital spending budget by around 40% to $158 million. ReneSola projects total solar wafer and module shipments of 1.23 Gigawatts (GW) to 1.25 GW.

Diana Shipping Inc (NYSE: <a class="ticker" href="/stock/dsx#NYSE">DSX</a>) reported a drop in its third-quarter net income. Diana Shipping's quarterly net income declined to $26.4 million, from $33.8 million, in the year-ago quarter. Its earnings per share fell to $0.33 from $0.42. Time charter fell 10% to $64.2 million. However, analysts were expecting earnings of $0.32 per share on revenue of $62.35 million.

Partner Communications (NASDAQ: <a class="ticker" href="/stock/ptnr#NASDAQ">PTNR</a>) reported a 44% drop in its third-quarter profit. Partner Communications' quarterly net profit declined to 172 million shekels ($46 million), from 309 million shekels, in the year-ago period. Its revenue gained 6% to 1.75 billion shekels. Partner Communications' earnings before interest, taxes, depreciation and amortisation (EBITDA) dipped 17% to 529 million. However, analysts were expecting earnings of 205 million shekels, EBITDA of 549 million shekels and revenue of 1.84 billion shekels.

Yingli Green Energy Holding Co (NYSE: <a class="ticker" href="/stock/yge#NYSE">YGE</a>) swung to a Q3 loss and lowered its full-year photovoltaic module shipment forecast. Yingli Green posted a quarterly net loss of $28.3 million, or $0.18 per American Depositary Share (<a class="ticker" href="/stock/ads#">ADS</a>), versus a year-ago profit of $68.2 million, or $0.44 per ADS. Excluding items, Yingli Green reported a profit of $0.14 per ADS. Its revenue surged 36% to around $667.7 million. Yingli Green lowered its 2011 module shipment view to 1,580 megawatts (mw) to 1,630 mw, versus its earlier forecast of 1,700 to 1,750 mw.

New Jersey Resources Corp (NYSE: <a class="ticker" href="/stock/njr#NYSE">NJR</a>) reported a 4.9% rise in its FY11 net financial earnings per share. NJR reported its FY11 net financial earnings at $106.5 million, or $2.58 per share, up from $101.8 million, or $2.46 per share, in the year-ago period. NJR reported its Q4 net financial earnings at $675,000, versus a loss of $1.2 million, in the year-ago period.

Johnson Matthey PLC (OTC: <a class="ticker" href="/stock/jmply#OTC">JMPLY</a>) reported a 35% rise in its pretax profit for the six months ended Sept. 30 and lifted its dividend by 20%. Johnson Matthey's revenue for the period surged to GBP5.90 billion, from GBP4.56 billion, in the year-ago period. Its pretax profit rose to GBP195.1 million, from GBP144.1 million. Johnson Matthey's net profit attributable to owners of parent company climbed to GBP149.4 million from GBP104.7 million. Johnson Matthey's diluted EPS from continuing operations rose to 69.6 pence from 48.9. Its underlying EPS rose to 72.8 pence from 56.3 pence. 

QinetiQ Group PLC (OTC: <a class="ticker" href="/stock/qntqy#OTC">QNTQY</a>) swung to a half-year net profit. QinetiQ's net profit for the period came in at GBP66.6 million, versus a year-ago net loss of GBP42.1 million. Its revenue dropped 14% to GBP739.6 million from GBP864.9 million.

Avon Rubber PLC (OTC: <a class="ticker" href="/stock/avnbf#OTC">AVNBF</a>) reported a rise in its full-year pretax profit and lifted its final dividend. Avon's revenue for the period fell 8% to GBP107.6 million. Its pretax profit rose to GBP10.2 million, from GBP7.1 million in 2010. However, analysts were expecting a pretax profit of GBP10.3 million. 

Daily Mail & General Trust PLC reported an increase in its earnings and revenue for the year ended Oct. 2. Daily Mail's revenue for the period gained 1% to GBP1.99 billion, from GBP1.97 billion, in the year-ago period, versus analysts' expectations of GBP1.99 billion. Its adjusted pretax profit climbed 3% to GBP237 million, from GBP230 million. 

United Utilities Group (OTC: <a class="ticker" href="/stock/uugwf#OTC">UUGWF</a>) reported a rise in its profit for the six months ended Sept. 30 and lifted its dividend. United Utilities' revenue for the period surged to GBP792.7 million, from GBP762.4 million, in the year-ago period. Its operating profit rose to GBP322.6 million from GBP311.5 million. United Utilities' pretax profit gained to GBP124.4 million from GBP122.2 million. Its diluted EPS rose to 20.7 pence from 19.5 pence. 

Compass Group PLC (OTC: <a class="ticker" href="/stock/cmpgy#OTC">CMPGY</a>) reported an increase in its full-year profit. Compass Group's revenue for the period climbed 9.4% to GBP15.8 billion, from GBP14.5 billion, in the year-ago period. Its profit before tax rose to GBP958 million from GBP913 million.

United Utilities Group (OTC: UUGWF) reported a rise in its profit for the six months ended Sept. 30 and lifted its dividend.

United Utilities' revenue for the period surged to GBP792.7 million, from GBP762.4 million, in the year-ago period. Its operating profit rose to GBP322.6 million from GBP311.5 million. 

United Utilities' pretax profit gained to GBP124.4 million from GBP122.2 million. Its diluted EPS rose to 20.7 pence from 19.5 pence. 

United Utilities lifted its dividend to 10.67 pence, from 10 pence.


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