Jabil (NYSE:JBL) Announces Earnings Results

Jabil (NYSE:JBL) issued its earnings results on Thursday, March 15th. The technology company reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.04, Bloomberg Earnings reports. The company had revenue of $5.30 billion during the quarter, compared to the consensus estimate of $4.91 billion. Jabil had a return on equity of 14.31% and a net margin of 0.60%. The company’s revenue was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 earnings per share. Jabil updated its Q3 guidance to $0.35-0.55 EPS.

Shares of JBL opened at $27.95 on Friday. The stock has a market cap of $5,006.48, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 1.16 and a beta of 0.41. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.04 and a quick ratio of 0.54. Jabil has a 12 month low of $23.70 and a 12 month high of $31.77.

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In other news, President William E. Peters sold 13,915 shares of Jabil stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $27.61, for a total value of $384,193.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Sergio Cadavid sold 2,869 shares of Jabil stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $30.00, for a total transaction of $86,070.00. Following the completion of the transaction, the senior vice president now owns 60,305 shares of the company’s stock, valued at approximately $1,809,150. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,981 shares of company stock valued at $2,908,603. Corporate insiders own 2.60% of the company’s stock.

JBL has been the subject of a number of recent research reports. Zacks Investment Research upgraded Jabil from a “sell” rating to a “hold” rating in a research report on Friday, January 26th. Standpoint Research upgraded Jabil from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. Argus upgraded Jabil from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Monday, December 18th. Raymond James Financial reiterated a “hold” rating on shares of Jabil in a report on Thursday, December 14th. Finally, Goldman Sachs cut their price objective on Jabil to $24.00 and set a “sell” rating for the company in a report on Friday, January 26th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $32.90.

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About Jabil

Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides electronic circuit design services, such as application-specific integrated circuit design, firmware development and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).

Earnings History for Jabil (NYSE:JBL)

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