Jabil (NYSE:JBL) Releases Q4 2024 Earnings Guidance

Jabil (NYSE:JBL) issued an update on its fourth quarter 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 2.030-2.430 for the period, compared to the consensus estimate of 2.220. The company issued revenue guidance of $6.3 billion-$6.9 billion, compared to the consensus revenue estimate of $6.8 billion.

Jabil Stock Down 11.4 %

JBL opened at $111.78 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.17 and a debt-to-equity ratio of 1.08. The stock has a market cap of $13.48 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 1.58 and a beta of 1.35. Jabil has a twelve month low of $100.18 and a twelve month high of $156.94. The company’s 50-day moving average price is $120.10 and its two-hundred day moving average price is $128.09.

Jabil (NYSE:JBL) last released its earnings results on Thursday, June 20th. The technology company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. The firm had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.53 billion. Jabil had a net margin of 4.70% and a return on equity of 39.47%. The company’s quarterly revenue was down 20.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.85 earnings per share. As a group, equities analysts expect that Jabil will post 7.74 earnings per share for the current year.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend was Tuesday, May 14th. Jabil’s payout ratio is currently 2.75%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on JBL. The Goldman Sachs Group upped their price target on shares of Jabil from $141.00 to $161.00 and gave the company a buy rating in a research note on Monday, March 4th. Argus cut shares of Jabil from a buy rating to a hold rating in a research note on Tuesday, March 19th. JPMorgan Chase & Co. dropped their price target on shares of Jabil from $155.00 to $145.00 and set an overweight rating on the stock in a research note on Monday. Barclays dropped their price target on shares of Jabil from $151.00 to $149.00 and set an overweight rating on the stock in a research note on Monday, March 18th. Finally, StockNews.com upgraded shares of Jabil from a hold rating to a buy rating in a research note on Tuesday, April 23rd. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Jabil has a consensus rating of Buy and a consensus price target of $147.14.

Insiders Place Their Bets

In other news, CEO Kenneth S. Wilson sold 15,000 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $134.20, for a total value of $2,013,000.00. Following the transaction, the chief executive officer now owns 339,725 shares of the company’s stock, valued at approximately $45,591,095. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Kenneth S. Wilson sold 15,000 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $134.20, for a total value of $2,013,000.00. Following the transaction, the chief executive officer now owns 339,725 shares of the company’s stock, valued at approximately $45,591,095. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Gerald Creadon sold 3,000 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $135.62, for a total transaction of $406,860.00. Following the completion of the transaction, the executive vice president now directly owns 65,434 shares in the company, valued at approximately $8,874,159.08. The disclosure for this sale can be found here. Insiders have sold 25,877 shares of company stock worth $3,519,883 in the last three months. 2.62% of the stock is currently owned by corporate insiders.

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).