Brokerages forecast that Jabil Inc (NYSE:JBL) will post earnings of $0.94 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Jabil’s earnings, with the lowest EPS estimate coming in at $0.93 and the highest estimate coming in at $0.95. Jabil posted earnings of $0.90 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.4%. The firm is scheduled to report its next earnings report 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 $3.46. For the next year, analysts forecast that the firm will report earnings of $3.97 per share, with EPS estimates ranging from $3.92 to $4.02. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Jabil.
Jabil (NYSE:JBL) last posted its earnings results on Tuesday, September 24th. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.02. Jabil had a net margin of 1.14% and a return on equity of 15.90%. The business had revenue of $6.57 billion for the quarter, compared to analysts’ expectations of $6.63 billion. During the same period in the prior year, the company posted $0.70 EPS. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year.
Several research firms have issued reports on JBL. Bank of America increased their target price on shares of Jabil from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. Stifel Nicolaus increased their target price on shares of Jabil from $30.00 to $34.00 and gave the stock a “hold” rating in a research note on Wednesday, September 25th. ValuEngine cut shares of Jabil from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Standpoint Research lowered shares of Jabil from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, Argus increased their price target on shares of Jabil from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Jabil presently has an average rating of “Hold” and an average target price of $34.56.
In related news, EVP Courtney J. Ryan sold 10,000 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $32.00, for a total transaction of $320,000.00. Following the transaction, the executive vice president now owns 307,413 shares of the company’s stock, valued at approximately $9,837,216. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Mark T. Mondello sold 20,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $37.28, for a total transaction of $745,600.00. Following the transaction, the chief executive officer now directly owns 1,566,321 shares in the company, valued at approximately $58,392,446.88. The disclosure for this sale can be found here. Insiders sold a total of 220,898 shares of company stock worth $7,684,410 in the last three months. Insiders own 2.90% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in shares of Jabil by 2.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,112,591 shares of the technology company’s stock valued at $34,591,000 after purchasing an additional 27,815 shares during the last quarter. Dupont Capital Management Corp grew its holdings in shares of Jabil by 10.1% during the 2nd quarter. Dupont Capital Management Corp now owns 13,097 shares of the technology company’s stock valued at $414,000 after purchasing an additional 1,200 shares during the last quarter. Toth Financial Advisory Corp grew its holdings in shares of Jabil by 8,083.3% during the 2nd quarter. Toth Financial Advisory Corp now owns 10,311 shares of the technology company’s stock valued at $326,000 after purchasing an additional 10,185 shares during the last quarter. Advisory Services Network LLC grew its holdings in shares of Jabil by 57.1% during the 2nd quarter. Advisory Services Network LLC now owns 1,238 shares of the technology company’s stock valued at $39,000 after purchasing an additional 450 shares during the last quarter. Finally, Commerce Bank grew its holdings in shares of Jabil by 183.8% during the 2nd quarter. Commerce Bank now owns 22,399 shares of the technology company’s stock valued at $707,000 after purchasing an additional 14,507 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors.
NYSE JBL traded up $0.08 on Monday, hitting $39.26. The stock had a trading volume of 808,197 shares, compared to its average volume of 1,338,620. Jabil has a 52-week low of $21.49 and a 52-week high of $39.43. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.62 and a current ratio of 0.98. The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of 21.69, a price-to-earnings-growth ratio of 1.31 and a beta of 0.97. The firm has a 50-day moving average of $35.84 and a 200-day moving average of $30.76.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Thursday, November 14th. Jabil’s payout ratio is 17.68%.
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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