Jabil (NYSE:JBL) Issues Q2 Earnings Guidance

Jabil (NYSE:JBL) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $1.60-2.00 for the period, compared to the consensus earnings per share estimate of $1.79. The company issued revenue guidance of $6.10-6.70 billion, compared to the consensus revenue estimate of $6.27 billion. Jabil also updated its FY 2025 guidance to 8.750-8.750 EPS.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on JBL. Barclays raised their price objective on Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Stifel Nicolaus boosted their price objective on shares of Jabil from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Bank of America increased their target price on shares of Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a report on Friday, September 27th. JPMorgan Chase & Co. decreased their target price on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. Finally, StockNews.com upgraded shares of Jabil from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Jabil has a consensus rating of “Moderate Buy” and an average price target of $142.50.

Jabil Stock Performance

Shares of NYSE:JBL opened at $143.69 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66. The company has a 50-day moving average price of $130.37 and a 200-day moving average price of $117.96. The company has a market cap of $16.05 billion, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 1.57 and a beta of 1.25. Jabil has a 12 month low of $95.85 and a 12 month high of $156.94.

Jabil (NYSE:JBL) last posted its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.12. The firm had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $6.61 billion. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The business’s revenue was down 16.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.60 earnings per share. As a group, equities analysts anticipate that Jabil will post 7.89 EPS for the current year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th were issued a $0.08 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.32 annualized dividend and a yield of 0.22%. Jabil’s dividend payout ratio (DPR) is presently 2.90%.

Insiders Place Their Bets

In other news, EVP Matthew Crowley sold 1,380 shares of Jabil stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $125.83, for a total value of $173,645.40. Following the completion of the transaction, the executive vice president now owns 18,568 shares of the company’s stock, valued at $2,336,411.44. The trade was a 6.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven A. Raymund sold 20,000 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $124.70, for a total value of $2,494,000.00. Following the sale, the director now directly owns 139,108 shares of the company’s stock, valued at $17,346,767.60. This represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,689 shares of company stock worth $5,377,431. Company insiders own 1.73% 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).