Press coverage about Jabil (NYSE:JBL) has trended somewhat positive recently, Accern reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Jabil earned a coverage optimism score of 0.05 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 45.4082763561227 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
A number of analysts have commented on JBL shares. ValuEngine upgraded Jabil from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 7th. Citigroup reiterated a “sell” rating and issued a $28.00 price objective on shares of Jabil in a research report on Thursday, September 28th. Needham & Company LLC reiterated a “buy” rating and issued a $37.00 price objective on shares of Jabil in a research report on Friday, September 1st. Zacks Investment Research upgraded Jabil from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective for the company in a research report on Monday, October 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $30.00 price objective on shares of Jabil in a research report on Thursday, September 28th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $30.50.
Shares of Jabil (NYSE JBL) traded down $0.34 on Tuesday, hitting $29.04. The stock had a trading volume of 2,054,753 shares, compared to its average volume of 1,875,284. Jabil has a fifty-two week low of $20.43 and a fifty-two week high of $31.70. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.54 and a current ratio of 0.96. The firm has a market cap of $5,260.43, a PE ratio of 16.01, a PEG ratio of 1.12 and a beta of 0.53.
Jabil (NYSE:JBL) last issued its earnings results on Wednesday, September 27th. The technology company reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.03. Jabil had a return on equity of 14.47% and a net margin of 0.68%. The business had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same period in the prior year, the firm posted $0.28 EPS. Jabil’s quarterly revenue was up 13.4% compared to the same quarter last year. analysts anticipate that Jabil will post 2.22 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be issued a $0.08 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.10%. Jabil’s payout ratio is presently 46.38%.
In related news, President William E. Peters sold 3,580 shares of the firm’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $28.74, for a total transaction of $102,889.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO William D. Muir, Jr. sold 26,420 shares of the firm’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $28.00, for a total value of $739,760.00. Following the sale, the chief operating officer now directly owns 341,840 shares of the company’s stock, valued at $9,571,520. The disclosure for this sale can be found here. Over the last three months, insiders sold 147,680 shares of company stock valued at $4,289,446. 2.90% of the stock is currently 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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