Wall Street analysts expect Jabil Inc (NYSE:JBL) to post earnings of $0.56 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Jabil’s earnings. The lowest EPS estimate is $0.54 and the highest is $0.57. Jabil posted earnings of $0.46 per share during the same quarter last year, which suggests a positive year over year growth rate of 21.7%. The firm is scheduled to announce its next earnings results on Thursday, June 13th.
According to Zacks, analysts expect that Jabil will report full-year earnings of $2.95 per share for the current fiscal year, with EPS estimates ranging from $2.94 to $2.96. For the next fiscal year, analysts expect that the company will post earnings of $3.35 per share, with EPS estimates ranging from $3.32 to $3.36. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Jabil.
Jabil (NYSE:JBL) last released its earnings results on Thursday, March 14th. The technology company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). Jabil had a return on equity of 18.89% and a net margin of 0.74%. The firm had revenue of $6.01 billion for the quarter, compared to analyst estimates of $6.12 billion. During the same period in the previous year, the firm earned $0.66 earnings per share. Jabil’s revenue was up 13.3% on a year-over-year basis.
A number of equities analysts recently weighed in on JBL shares. Zacks Investment Research lowered Jabil from a “hold” rating to a “sell” rating in a research report on Monday, April 8th. TheStreet upgraded Jabil from a “c+” rating to a “b” rating in a research report on Monday, February 25th. Finally, Raymond James upgraded Jabil from a “market perform” rating to a “strong-buy” rating and set a $34.00 price target for the company in a research report on Monday, April 1st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $29.17.
Shares of NYSE:JBL traded up $0.26 during midday trading on Friday, reaching $31.14. The company had a trading volume of 767,573 shares, compared to its average volume of 1,468,422. The company has a quick ratio of 0.60, a current ratio of 1.02 and a debt-to-equity ratio of 1.34. Jabil has a 1-year low of $21.49 and a 1-year high of $31.24. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 14.35, a price-to-earnings-growth ratio of 1.09 and a beta of 0.60.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be given a $0.08 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.03%. Jabil’s dividend payout ratio (DPR) is 14.75%.
In other Jabil news, CEO Alessandro Parimbelli sold 17,000 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $29.22, for a total transaction of $496,740.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Steven D. Borges sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $31.00, for a total value of $310,000.00. Following the sale, the chief executive officer now owns 257,615 shares of the company’s stock, valued at $7,986,065. The disclosure for this sale can be found here. Insiders sold a total of 71,410 shares of company stock valued at $2,067,296 in the last quarter. 2.90% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cozad Asset Management Inc. boosted its position in Jabil by 16.5% during the 1st quarter. Cozad Asset Management Inc. now owns 13,750 shares of the technology company’s stock worth $366,000 after acquiring an additional 1,950 shares during the period. First Citizens Bank & Trust Co. lifted its holdings in shares of Jabil by 37.5% during the 1st quarter. First Citizens Bank & Trust Co. now owns 12,386 shares of the technology company’s stock valued at $329,000 after buying an additional 3,379 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Jabil by 103.3% during the 1st quarter. State of Alaska Department of Revenue now owns 34,159 shares of the technology company’s stock valued at $907,000 after buying an additional 17,353 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Jabil by 133.8% during the 4th quarter. Deutsche Bank AG now owns 669,415 shares of the technology company’s stock valued at $16,592,000 after buying an additional 383,074 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Jabil during the 4th quarter valued at about $46,681,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.
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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