Jabil, Inc. (NYSE:JBL) Announces Quarterly Dividend of $0.08

Jabil, Inc. (NYSE:JBL) declared a quarterly dividend on Thursday, April 23rd. Shareholders of record on Friday, May 15th will be given a dividend of 0.08 per share by the technology company on Tuesday, June 2nd. This represents a c) dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, May 15th.

Jabil has a payout ratio of 3.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Jabil to earn $13.34 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 2.4%.

Jabil Price Performance

Shares of JBL opened at $344.92 on Friday. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.68 and a current ratio of 1.01. Jabil has a fifty-two week low of $142.03 and a fifty-two week high of $344.50. The firm has a 50-day simple moving average of $274.09 and a 200-day simple moving average of $240.85. The company has a market capitalization of $36.39 billion, a price-to-earnings ratio of 46.09, a price-to-earnings-growth ratio of 1.75 and a beta of 1.16.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, beating the consensus estimate of $2.51 by $0.18. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The firm had revenue of $8.28 billion during the quarter, compared to the consensus estimate of $7.75 billion. During the same period in the prior year, the business earned $1.94 EPS. The firm’s revenue was up 23.1% compared to the same quarter last year. On average, equities research analysts anticipate that Jabil will post 11.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on JBL. The Goldman Sachs Group reissued a “buy” rating and issued a $282.00 price objective on shares of Jabil in a research note on Thursday, January 15th. Stifel Nicolaus raised their price objective on shares of Jabil from $255.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Weiss Ratings upgraded Jabil from a “hold (c+)” rating to a “buy (b)” rating in a research report on Thursday, April 9th. Bank of America raised their price target on Jabil from $295.00 to $354.00 and gave the company a “buy” rating in a report on Monday. Finally, Barclays upped their price objective on Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a report on Wednesday, March 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $290.63.

Jabil Company Profile

Jabil Inc (NYSE: JBL) is a global manufacturing solutions provider specializing in electronic manufacturing services (EMS) and diversified products across a wide range of industries. The company partners with original equipment manufacturers to deliver design engineering, supply chain management, precision manufacturing, and aftermarket services. Jabil’s expertise spans sectors such as healthcare, automotive, clean technology, telecommunications, consumer electronics, and packaging, enabling it to support both high-volume production and complex, mission-critical applications.

Founded in 1966 by William E.