Jabil (NYSE:JBL) Releases Earnings Results, Beats Estimates By $0.08 EPS

Jabil (NYSE:JBL) announced its earnings results on Thursday. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.08, Briefing.com reports. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.59 billion. Jabil had a return on equity of 40.30% and a net margin of 4.63%. Jabil’s revenue for the quarter was down 17.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.34 EPS.

Jabil Trading Down 3.4 %

Shares of Jabil stock opened at $122.31 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.13 and a quick ratio of 0.74. The business has a fifty day simple moving average of $107.42 and a two-hundred day simple moving average of $116.72. Jabil has a 1 year low of $95.85 and a 1 year high of $156.94. The company has a market capitalization of $13.88 billion, a price-to-earnings ratio of 11.13, a P/E/G ratio of 2.23 and a beta of 1.25.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend was Thursday, August 15th. Jabil’s dividend payout ratio (DPR) is presently 2.91%.

Analyst Ratings Changes

Several brokerages recently commented on JBL. Stifel Nicolaus increased their target price on shares of Jabil from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday. UBS Group decreased their price objective on Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, June 21st. Barclays upped their target price on Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a report on Friday. JPMorgan Chase & Co. decreased their price target on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. Finally, Bank of America boosted their price target on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $145.75.

Insider Buying and Selling at Jabil

In other Jabil news, SVP May Yee Yap sold 4,274 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $117.04, for a total transaction of $500,228.96. Following the completion of the sale, the senior vice president now directly owns 24,829 shares in the company, valued at $2,905,986.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Jabil news, SVP May Yee Yap sold 4,274 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $117.04, for a total transaction of $500,228.96. Following the transaction, the senior vice president now owns 24,829 shares in the company, valued at approximately $2,905,986.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Frederic E. Mccoy sold 1,250 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $116.42, for a total transaction of $145,525.00. Following the completion of the sale, the executive vice president now directly owns 112,753 shares of the company’s stock, valued at approximately $13,126,704.26. The disclosure for this sale can be found here. Corporate insiders own 2.62% of the company’s stock.

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).