Jabil (JBL) to Release Earnings on Thursday

Jabil (NYSE:JBL) is expected to announce its earnings results before the market opens on Thursday, March 20th. Analysts expect the company to announce earnings of $1.83 per share and revenue of $6.40 billion for the quarter. Persons that wish to listen to the company’s earnings 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. The company had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business’s quarterly revenue was down 16.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.60 earnings per share. 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 JBL stock opened at $138.29 on Tuesday. The firm has a fifty day simple moving average of $156.99 and a 200-day simple moving average of $137.42. The company has a market capitalization of $15.10 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19. Jabil has a twelve month low of $95.85 and a twelve month high of $174.80. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81.

Jabil Announces Dividend

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

Insider Transactions at Jabil

In other news, EVP Frederic E. Mccoy sold 4,000 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $149.81, for a total value of $599,240.00. Following the transaction, the executive vice president now directly owns 138,472 shares in the company, valued at approximately $20,744,490.32. This trade represents a 2.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $151.30, for a total transaction 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 $18,021,040.40. This trade represents a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,400 shares of company stock worth $12,804,458. 1.73% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

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).