Jabil Inc (NYSE:JBL) Expected to Post Quarterly Sales of $6.25 Billion

Equities research analysts predict that Jabil Inc (NYSE:JBL) will report $6.25 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Jabil’s earnings. The lowest sales estimate is $6.23 billion and the highest is $6.27 billion. Jabil reported sales of $6.57 billion in the same quarter last year, which indicates a negative year over year growth rate of 4.9%. The company is expected to issue its next quarterly earnings report on Tuesday, September 22nd.

According to Zacks, analysts expect that Jabil will report full year sales of $26.22 billion for the current fiscal year, with estimates ranging from $26.20 billion to $26.23 billion. For the next financial year, analysts expect that the firm will report sales of $26.47 billion, with estimates ranging from $25.99 billion to $26.79 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Jabil.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Friday, June 19th. The technology company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.19. The business had revenue of $6.34 billion during the quarter, compared to analysts’ expectations of $5.61 billion. Jabil had a return on equity of 4.35% and a net margin of 0.15%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.57 earnings per share.

Several research analysts have commented on JBL shares. Citigroup boosted their price objective on shares of Jabil from $30.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Zacks Investment Research downgraded shares of Jabil from a “hold” rating to a “sell” rating and set a $34.00 price objective for the company. in a research report on Thursday, June 4th. Cfra lowered their price objective on shares of Jabil from $47.00 to $29.00 and set a “hold” rating for the company in a research report on Friday, March 13th. Royal Bank of Canada boosted their price objective on shares of Jabil from $30.00 to $35.00 and gave the company a “sector perform” rating in a research report on Monday, June 22nd. Finally, ValuEngine upgraded shares of Jabil from a “sell” rating to a “hold” rating in a research report on Wednesday, March 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $36.75.

Large investors have recently made changes to their positions in the company. Synovus Financial Corp acquired a new position in shares of Jabil during the first quarter worth $29,000. Chevy Chase Trust Holdings Inc. bought a new stake in shares of Jabil in the fourth quarter worth $51,000. Banque Cantonale Vaudoise bought a new stake in shares of Jabil in the fourth quarter worth $79,000. Signaturefd LLC grew its stake in shares of Jabil by 103.1% in the first quarter. Signaturefd LLC now owns 4,009 shares of the technology company’s stock worth $99,000 after purchasing an additional 2,035 shares during the last quarter. Finally, Orion Portfolio Solutions LLC bought a new stake in shares of Jabil in the fourth quarter worth $112,000. Institutional investors own 89.87% of the company’s stock.

JBL traded up $1.69 during trading on Monday, hitting $32.27. 1,420,375 shares of the stock traded hands, compared to its average volume of 1,579,114. Jabil has a twelve month low of $17.63 and a twelve month high of $44.20. The company has a market cap of $4.66 billion, a price-to-earnings ratio of 127.42, a PEG ratio of 9.44 and a beta of 1.26. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.94 and a quick ratio of 0.57. The business has a 50 day moving average price of $30.87 and a 200 day moving average price of $33.12.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Friday, May 15th were issued a dividend of $0.08 per share. The ex-dividend date was Thursday, May 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.99%. Jabil’s dividend payout ratio (DPR) is presently 17.68%.

Jabil Company Profile

Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides 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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