Media stories about Jabil (NYSE:JBL) have been trending somewhat positive on Friday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Jabil earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 45.370894231418 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
Shares of Jabil (JBL) traded down $0.48 during mid-day trading on Friday, reaching $27.97. 2,768,800 shares of the company’s stock traded hands, compared to its average volume of 2,343,925. The company has a quick ratio of 0.50, a current ratio of 0.95 and a debt-to-equity ratio of 0.72. The firm has a market cap of $4,860.00, a price-to-earnings ratio of 48.22, a P/E/G ratio of 1.15 and a beta of 0.55. Jabil has a 12-month low of $22.88 and a 12-month high of $31.70.
Jabil (NYSE:JBL) last issued its quarterly earnings data on Thursday, December 14th. The technology company reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.01. Jabil had a net margin of 0.54% and a return on equity of 12.95%. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter in the prior year, the firm earned $0.69 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. equities analysts expect that Jabil will post 2.06 earnings per share for the current fiscal year.
JBL has been the subject of several recent analyst reports. Bank of America cut Jabil from a “buy” rating to a “neutral” rating in a report on Monday, September 25th. They noted that the move was a valuation call. Needham & Company LLC restated a “buy” rating and set a $37.00 price objective on shares of Jabil in a research note on Wednesday, September 27th. Citigroup restated a “sell” rating and issued a $28.00 target price on shares of Jabil in a research report on Thursday, September 28th. JPMorgan Chase & Co. restated a “buy” rating and issued a $40.00 target price on shares of Jabil in a report on Thursday, September 28th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $30.00 price target on shares of Jabil in a research note on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $32.45.
In related news, President William E. Peters sold 13,915 shares of Jabil stock in a transaction on Friday, January 12th. The shares were sold at an average price of $27.61, for a total value of $384,193.15. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Mark T. Mondello sold 30,000 shares of Jabil stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $28.33, for a total transaction of $849,900.00. Following the completion of the transaction, the chief executive officer now directly owns 1,725,499 shares in the company, valued at $48,883,386.67. The disclosure for this sale can be found here. Insiders have sold 120,335 shares of company stock worth $3,396,453 over the last three months. 2.60% of the stock is owned by insiders.
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Jabil Company Profile
Jabil Inc, formerly Jabil Circuit, Inc, provides electronic manufacturing services and solutions throughout the world. The Company operates in two segments, which include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The Company’s EMS segment is focused on leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics, sharing of its large scale manufacturing infrastructure and the ability to serve a range of markets.
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