Jabil (NYSE:JBL) Releases Q2 Earnings Guidance

Jabil (NYSE:JBLGet Free Report) updated its second quarter earnings guidance on Wednesday. The company provided EPS guidance of $1.60-2.00 for the period, compared to the consensus EPS estimate of $1.79. The company issued revenue guidance of $6.10-6.70 billion, compared to the consensus revenue estimate of $6.27 billion. Jabil also updated its FY25 guidance to $8.75 EPS.

Jabil Stock Performance

Shares of JBL stock opened at $133.98 on Wednesday. Jabil has a 12 month low of $95.85 and a 12 month high of $156.94. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66. The firm has a fifty day simple moving average of $129.98 and a two-hundred day simple moving average of $117.78. The firm has a market capitalization of $14.96 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 1.57 and a beta of 1.25.

Jabil (NYSE:JBLGet Free Report) last posted its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.12. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The business had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.61 billion. During the same quarter last year, the company posted $2.60 earnings per share. The firm’s quarterly revenue was down 16.6% compared to the same quarter last year. Analysts forecast that Jabil will post 7.89 EPS for the current fiscal year.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were given a dividend of $0.08 per share. The ex-dividend date was Friday, November 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. Jabil’s dividend payout ratio (DPR) is presently 2.90%.

Wall Street Analyst Weigh In

JBL has been the subject of a number of recent research reports. Barclays boosted their target price on Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. dropped their price target on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Bank of America upped their price objective on shares of Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Stifel Nicolaus raised their target price on Jabil from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Finally, StockNews.com raised Jabil from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $145.17.

Get Our Latest Stock Report on Jabil

Insiders Place Their Bets

In other news, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $124.70, for a total value of $2,494,000.00. Following the sale, the director now directly owns 139,108 shares of the company’s stock, valued at approximately $17,346,767.60. The trade was a 12.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Francis Mckay sold 11,755 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $121.71, for a total value of $1,430,701.05. Following the transaction, the senior vice president now directly owns 41,507 shares of the company’s stock, valued at approximately $5,051,816.97. The trade was a 22.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,689 shares of company stock worth $5,377,431. Company insiders own 1.73% of the company’s stock.

About Jabil

(Get Free Report)

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).

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Earnings History and Estimates for Jabil (NYSE:JBL)

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