Jabil (JBL) Projected to Post Earnings on Friday

Jabil (NYSE:JBL) is expected to release its earnings data before the market opens on Friday, March 21st. Analysts expect Jabil to post earnings of $1.81 per share and revenue of $6.40 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

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 the consensus estimate of $1.88 by $0.12. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.61 billion. During the same quarter in the previous year, the business earned $2.60 earnings per share. The company’s revenue for the quarter was down 16.6% compared to the same quarter last year. On average, analysts expect Jabil to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Jabil Trading Down 2.7 %

Shares of NYSE JBL opened at $130.45 on Friday. Jabil has a fifty-two week low of $95.85 and a fifty-two week high of $174.80. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The company has a market cap of $14.24 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 1.65 and a beta of 1.19. The business’s 50 day moving average price is $157.79 and its 200-day moving average price is $136.65.

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.25%. The ex-dividend date was Tuesday, February 18th. Jabil’s dividend payout ratio (DPR) is presently 3.07%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on JBL. StockNews.com lowered shares of Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Barclays boosted their price objective on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. UBS Group raised their target price on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. The Goldman Sachs Group lifted their price target on shares of Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a research note on Monday, February 24th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $160.00 price objective (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.83.

Insider Buying and Selling

In other news, Director Steven A. Raymund sold 20,000 shares of the business’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $151.30, for a total value of $3,026,000.00. Following the completion of the transaction, the director now directly owns 119,108 shares of the company’s stock, valued at approximately $18,021,040.40. The trade was a 14.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John C. Plant sold 50,000 shares of the firm’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $172.55, for a total value of $8,627,500.00. Following the sale, the director now directly owns 5,900 shares in the company, valued at approximately $1,018,045. The trade was a 89.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,400 shares of company stock valued at $12,804,458 over the last 90 days. Corporate insiders own 1.73% of the company’s stock.

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).