Jabil (JBL) to Release Earnings on Friday

Jabil (NYSE:JBL) is projected to issue its quarterly earnings data before the market opens on Friday, March 21st. Analysts expect the company to announce earnings of $1.81 per share and revenue of $6.40 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 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 firm had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.61 billion. During the same period in the prior year, the business earned $2.60 EPS. The firm’s revenue 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 Price Performance

Shares of NYSE JBL opened at $139.29 on Thursday. The stock has a fifty day moving average price of $156.35 and a 200 day moving average price of $137.62. Jabil has a 1-year low of $95.85 and a 1-year high of $174.80. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. The company has a market cap of $15.21 billion, a PE ratio of 13.35, a P/E/G ratio of 1.65 and a beta of 1.19.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.32 annualized dividend and a yield of 0.23%. Jabil’s dividend payout ratio is currently 3.07%.

Insider Buying and Selling at Jabil

In other Jabil news, Director John C. Plant sold 50,000 shares of the company’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 completion of the sale, the director now directly owns 5,900 shares of the company’s stock, valued at approximately $1,018,045. This represents a 89.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Frederic E. Mccoy sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total transaction of $599,240.00. Following the completion of the sale, the executive vice president now owns 138,472 shares in the company, valued at $20,744,490.32. The trade was a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,400 shares of company stock worth $12,804,458 over the last ninety days. Company insiders own 1.73% of the company’s stock.

Wall Street Analyst Weigh In

JBL has been the topic of a number of research reports. Stifel Nicolaus restated a “buy” rating and issued a $160.00 price target (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. The Goldman Sachs Group upped their price objective 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. UBS Group upped their price objective on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. StockNews.com cut shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Barclays upped their price target on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $158.83.

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).