Jabil (NYSE:JBL) Issues Quarterly Earnings Results

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

Jabil Stock Performance

Shares of NYSE JBL opened at $122.31 on Friday. The stock has a market capitalization of $13.88 billion, a P/E ratio of 11.13, a P/E/G ratio of 2.23 and a beta of 1.25. Jabil has a 52-week low of $95.85 and a 52-week high of $156.94. The company has a quick ratio of 0.74, a current ratio of 1.13 and a debt-to-equity ratio of 1.26. The firm’s 50-day moving average price is $107.42 and its two-hundred day moving average price is $116.72.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.32 annualized dividend and a yield of 0.26%. Jabil’s payout ratio is 2.91%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on JBL. Barclays lifted their price objective on shares of Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research note on Friday. UBS Group lowered their target price on Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a research note on Friday, June 21st. JPMorgan Chase & Co. cut their price target on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Stifel Nicolaus raised their price objective on Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday. Finally, Bank of America lifted their price objective on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Jabil currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.75.

Insider Activity at Jabil

In related news, SVP May Yee Yap sold 4,274 shares of Jabil stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $117.04, for a total value of $500,228.96. Following the sale, the senior vice president now directly owns 24,829 shares in the company, valued at approximately $2,905,986.16. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, SVP May Yee Yap sold 4,274 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $117.04, for a total value of $500,228.96. Following the completion of the sale, the senior vice president now owns 24,829 shares of the company’s stock, valued at $2,905,986.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Frederic E. Mccoy sold 1,250 shares of the firm’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 transaction, the executive vice president now directly owns 112,753 shares in the company, valued at approximately $13,126,704.26. The disclosure for this sale can be found here. Insiders own 2.62% of the company’s stock.

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).