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Morgan Stanley Raises Amentum Holdings (AMTM) PT to $20 Despite Underweight Rating
Yahoo Finance· 2025-09-22 07:19
Group 1 - Amentum Holdings Inc. (NYSE:AMTM) is currently considered one of the best new stocks to buy, with Morgan Stanley raising its price target to $20 from $19 while maintaining an Underweight rating [1] - The company reported Q3 2025 earnings with a revenue of $3.561 billion, reflecting a 66% year-over-year increase [1][2] - Amentum achieved a net income of $10 million, a significant improvement from a net loss of $26 million year-over-year, with a diluted EPS of $0.04 compared to a loss per share of $0.29 in 2024 [2] Group 2 - Digital Solutions revenues increased by 12% year-over-year to $1.421 billion, driven by new commercial contract awards, leading to a 21% increase in Adjusted EBITDA to $114 million [3] - Global Engineering Solutions' revenues decreased by 3% to $2.140 billion due to the expected ramp-down of certain programs, with a corresponding 2% decrease in Adjusted EBITDA to $160 million [3] Group 3 - Amentum Holdings provides engineering and technology solutions to the US and allied government agencies, although there are suggestions that certain AI stocks may offer greater upside potential with less downside risk [4]
Tomas Staškūnas replaces Virgeda Jackaitė as Acting CEO of Civinity
Globenewswire· 2025-08-27 05:28
Leadership Change - Civinity is undergoing a leadership change as CEO Virgeda Jackaitė goes on maternity leave, with Tomas Staškūnas appointed as Acting Chief Executive Officer [1][2] - Tomas Staškūnas has over 20 years of experience in finance and previously served as Chief Financial Officer of Civinity [3] Strategic Continuity - The appointment of Tomas Staškūnas is aimed at ensuring continuity in the group's operations and pursuing strategic goals during Jackaitė's absence [4] - Staškūnas has been actively involved in strategic decisions and day-to-day operations, making him well-prepared for the role [4] Company Priorities - The group's priorities remain unchanged under Staškūnas, focusing on organic growth, acquisitions, public bond issuance, and the development of the Smart Green City ecosystem [5] - Emphasis will continue to be placed on service quality and operational efficiency [5] Company Overview - Civinity is a major urban lifestyle company in the Baltics and the UK, comprising over 30 companies and employing more than 1,600 people [6] - In 2024, Civinity reported revenues of €88.5 million and Pro Forma EBITDA of €7.4 million [6]