Brokerages forecast that Jabil Inc (NYSE:JBL) will report earnings per share of $0.94 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Jabil’s earnings. The highest EPS estimate is $0.95 and the lowest is $0.93. Jabil posted earnings per share of $0.90 during the same quarter last year, which suggests a positive year over year growth rate of 4.4%. The business is scheduled to issue its next quarterly earnings results on Tuesday, December 17th.
According to Zacks, analysts expect that Jabil will report full year earnings of $3.43 per share for the current year, with EPS estimates ranging from $3.41 to $3.43. For the next fiscal year, analysts forecast that the company will report earnings of $3.96 per share, with EPS estimates ranging from $3.92 to $4.02. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Jabil.
Jabil (NYSE:JBL) last released its quarterly earnings results on Tuesday, September 24th. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.86 by $0.02. Jabil had a return on equity of 15.90% and a net margin of 1.14%. The business had revenue of $6.57 billion during the quarter, compared to analyst estimates of $6.63 billion. During the same period last year, the business posted $0.70 earnings per share. The company’s quarterly revenue was up 13.9% on a year-over-year basis.
JBL has been the subject of a number of recent research reports. Stifel Nicolaus lifted their target price on Jabil from $30.00 to $34.00 and gave the company a “hold” rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. lifted their target price on Jabil from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Standpoint Research lowered Jabil from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Argus lifted their target price on Jabil from $36.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Finally, Royal Bank of Canada initiated coverage on Jabil in a report on Tuesday, November 12th. They issued a “sector perform” rating and a $41.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $37.13.
In other Jabil news, SVP Bruce Allan Johnson sold 6,000 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $35.00, for a total value of $210,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Thomas A. Sansone sold 75,000 shares of the firm’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $33.25, for a total value of $2,493,750.00. Following the completion of the sale, the director now owns 192,988 shares in the company, valued at $6,416,851. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 368,132 shares of company stock worth $13,455,049. 2.90% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of the business. Metropolitan Life Insurance Co NY increased its position in shares of Jabil by 1.5% during the third quarter. Metropolitan Life Insurance Co NY now owns 40,654 shares of the technology company’s stock worth $1,454,000 after purchasing an additional 587 shares in the last quarter. Millennium Management LLC increased its position in shares of Jabil by 1,471.1% during the third quarter. Millennium Management LLC now owns 1,155,816 shares of the technology company’s stock worth $41,343,000 after purchasing an additional 1,082,248 shares in the last quarter. Man Group plc increased its position in shares of Jabil by 326.4% during the third quarter. Man Group plc now owns 477,667 shares of the technology company’s stock worth $17,087,000 after purchasing an additional 365,650 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of Jabil during the third quarter worth about $1,405,000. Finally, Banco de Sabadell S.A acquired a new stake in shares of Jabil during the third quarter worth about $1,172,000. Institutional investors own 89.40% of the company’s stock.
NYSE:JBL traded up $0.89 during midday trading on Wednesday, reaching $39.05. The company had a trading volume of 1,296,188 shares, compared to its average volume of 1,317,308. The firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 1.30 and a beta of 0.99. The stock’s fifty day simple moving average is $37.97 and its 200-day simple moving average is $31.83. Jabil has a 12-month low of $21.49 and a 12-month high of $39.72. The company has a current ratio of 0.98, a quick ratio of 0.62 and a debt-to-equity ratio of 1.12.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Thursday, November 14th. Jabil’s dividend payout ratio is presently 17.68%.
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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