Jabil Inc. (JBL) To Go Ex-Dividend on February 18th

Jabil Inc. (NYSE:JBL) announced a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Investors of record on Tuesday, February 18th will be paid a dividend of 0.08 per share by the technology company on Tuesday, March 4th. This represents a $0.32 annualized dividend and a yield of 0.19%. The ex-dividend date is Tuesday, February 18th.

Jabil has a dividend payout ratio of 3.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Jabil to earn $9.57 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 3.3%.

Jabil Price Performance

Jabil stock opened at $169.60 on Friday. The company’s 50 day simple moving average is $153.88 and its 200-day simple moving average is $130.73. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. Jabil has a 1 year low of $95.85 and a 1 year high of $174.80. The company has a market capitalization of $18.52 billion, a price-to-earnings ratio of 16.26, a price-to-earnings-growth ratio of 1.64 and a beta of 1.23.

Jabil (NYSE:JBL) last announced its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. During the same quarter in the previous year, the company earned $2.60 earnings per share. The firm’s quarterly revenue was down 16.6% compared to the same quarter last year. As a group, equities research analysts expect that Jabil will post 8.05 earnings per share for the current year.

Insider Buying and Selling at Jabil

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the sale, the director now owns 119,108 shares of the company’s stock, valued at approximately $18,021,040.40. This trade represents a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Frederic E. Mccoy sold 4,000 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total transaction of $599,240.00. Following the completion of the transaction, the executive vice president now owns 138,472 shares of the company’s stock, valued at approximately $20,744,490.32. The trade was a 2.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,400 shares of company stock worth $12,804,458 over the last ninety days. Corporate insiders own 1.73% of the company’s stock.

Wall Street Analyst Weigh In

JBL has been the subject of several research reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $160.00 target price (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. The Goldman Sachs Group lifted their price objective on shares of Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. UBS Group increased their target price on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Finally, Barclays increased their price objective on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $153.17.

About Jabil

Jabil Inc provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; 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).