Jabil (JBL) Set to Announce Earnings on Thursday

Jabil (NYSE:JBL) is set to release its earnings data before the market opens on Thursday, September 26th. Analysts expect Jabil to post earnings of $2.12 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

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 the consensus estimate of $1.85 by $0.04. Jabil had a return on equity of 40.30% and a net margin of 4.63%. The company had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.53 billion. During the same quarter in the previous year, the business posted $1.85 EPS. The business’s revenue for the quarter was down 20.2% on a year-over-year basis. On average, analysts expect Jabil to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Jabil Trading Up 1.0 %

NYSE:JBL opened at $107.85 on Thursday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.13 and a quick ratio of 0.74. Jabil has a fifty-two week low of $95.85 and a fifty-two week high of $156.94. The stock’s 50-day moving average is $107.29 and its two-hundred day moving average is $118.27. The stock has a market cap of $12.24 billion, a PE ratio of 9.81, a price-to-earnings-growth ratio of 1.75 and a beta of 1.25.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.32 annualized dividend and a yield of 0.30%. Jabil’s dividend payout ratio (DPR) is currently 2.91%.

Insider Activity

In other Jabil news, EVP Frederic E. Mccoy sold 1,250 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $116.42, for a total value of $145,525.00. Following the completion of the sale, the executive vice president now directly owns 112,753 shares in the company, valued at $13,126,704.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Frederic E. Mccoy sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $116.42, for a total transaction of $145,525.00. Following the completion of the sale, the executive vice president now owns 112,753 shares of the company’s stock, valued at $13,126,704.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP May Yee Yap sold 4,274 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $117.04, for a total transaction of $500,228.96. Following the sale, the senior vice president now directly owns 24,829 shares of the company’s stock, valued at approximately $2,905,986.16. The disclosure for this sale can be found here. Insiders own 2.62% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. UBS Group lowered their price objective on Jabil from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday, June 21st. JPMorgan Chase & Co. reduced their price objective on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Barclays reduced their price objective on Jabil from $149.00 to $135.00 and set an “overweight” rating on the stock in a research note on Friday, June 21st. Stifel Nicolaus cut their price target on Jabil from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Bank of America cut their target price on Jabil from $150.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, June 21st. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Jabil currently has an average rating of “Moderate Buy” and a consensus price target of $139.88.

Jabil Company Profile

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).