Jabil (NYSE:JBL) issued an update on its third quarter 2019 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.47-0.67 for the period, compared to the Thomson Reuters consensus estimate of $0.61. The company issued revenue guidance of $5.7-6.3 billion, compared to the consensus revenue estimate of $6.1 billion.
Shares of JBL traded down $0.25 during trading hours on Thursday, reaching $27.41. 1,600,152 shares of the stock traded hands, compared to its average volume of 1,493,758. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.02 and a quick ratio of 0.62. Jabil has a 52 week low of $21.49 and a 52 week high of $31.77. The firm has a market capitalization of $4.23 billion, a P/E ratio of 12.63, a PEG ratio of 0.93 and a beta of 0.61.
Jabil (NYSE:JBL) last posted its quarterly earnings data on Tuesday, December 18th. The technology company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.21. Jabil had a net margin of 0.63% and a return on equity of 19.52%. The business had revenue of $6.51 billion during the quarter, compared to the consensus estimate of $6.05 billion. During the same quarter last year, the company posted $0.80 earnings per share. On average, equities research analysts expect that Jabil will post 2.45 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 15th were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $0.32 annualized dividend and a dividend yield of 1.17%. Jabil’s payout ratio is 14.75%.
A number of equities analysts have recently commented on JBL shares. Royal Bank of Canada raised their price objective on shares of Jabil to $30.00 and gave the company an average rating in a research report on Wednesday, December 19th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Jabil from a hold rating to a strong-buy rating and set a $28.00 price objective for the company in a research report on Tuesday, January 15th. JPMorgan Chase & Co. cut their price objective on shares of Jabil from $37.00 to $34.00 and set a buy rating for the company in a research report on Wednesday, November 14th. TheStreet upgraded shares of Jabil from a c+ rating to a b rating in a research report on Monday, February 25th. Finally, ValuEngine upgraded shares of Jabil from a sell rating to a hold rating in a research report on Wednesday, November 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Jabil presently has an average rating of Hold and a consensus price target of $28.20.
In other Jabil news, CEO Michael J. Loparco sold 5,000 shares of Jabil stock in a transaction that occurred on Friday, January 25th. The shares were sold at an average price of $25.67, for a total transaction of $128,350.00. Following the completion of the sale, the chief executive officer now directly owns 296,943 shares in the company, valued at $7,622,526.81. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Kenneth S. Wilson sold 6,000 shares of Jabil stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $24.30, for a total transaction of $145,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,022 shares of company stock valued at $1,125,766. 2.90% of the stock is currently owned by company insiders.
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Jabil Company Profile
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).
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