Jabil (NYSE:JBL) Releases Q4 Earnings Guidance

Jabil (NYSE:JBL) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.03-2.43 for the period, compared to the consensus estimate of $2.22. The company issued revenue guidance of $6.30-6.90 billion, compared to the consensus revenue estimate of $6.79 billion.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on JBL. UBS Group decreased their target price on shares of Jabil from $130.00 to $120.00 and set a neutral rating for the company in a research note on Friday. StockNews.com raised shares of Jabil from a hold rating to a buy rating in a research note on Tuesday, April 23rd. Argus lowered shares of Jabil from a buy rating to a hold rating in a research note on Tuesday, March 19th. The Goldman Sachs Group lifted their target price 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. Finally, Barclays reduced their price objective on shares of Jabil from $149.00 to $135.00 and set an overweight rating for the company in a research note on Friday. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $142.63.

Jabil Stock Up 1.3 %

JBL stock opened at $113.19 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.72 and a debt-to-equity ratio of 1.26. Jabil has a 1 year low of $100.18 and a 1 year high of $156.94. The company has a fifty day simple moving average of $119.16 and a 200 day simple moving average of $127.96. The firm has a market cap of $13.65 billion, a PE ratio of 10.30, a PEG ratio of 1.40 and a beta of 1.35.

Jabil (NYSE:JBL) last announced its earnings results on Thursday, June 20th. The technology company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.85 by $0.04. The firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.53 billion. Jabil had a net margin of 4.63% and a return on equity of 40.30%. The business’s quarterly revenue was down 20.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.85 EPS. Sell-side analysts anticipate that Jabil will post 7.74 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th were issued a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.32 annualized dividend and a yield of 0.28%. Jabil’s dividend payout ratio (DPR) is presently 2.91%.

Insider Buying and Selling

In other news, CEO Kenneth S. Wilson sold 15,000 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the transaction, the chief executive officer now owns 339,725 shares in the company, valued at approximately $45,591,095. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Kenneth S. Wilson sold 15,000 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the transaction, the chief executive officer now owns 339,725 shares in the company, valued at approximately $45,591,095. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Gerald Creadon sold 3,000 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $135.62, for a total transaction of $406,860.00. Following the transaction, the executive vice president now 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 quarter. 2.62% of the stock is currently owned by company 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).