Jabil (NYSE:JBL) Releases Q3 Earnings Guidance

Jabil (NYSE:JBL) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.08-2.48 for the period, compared to the consensus estimate of $2.22. The company issued revenue guidance of $6.7-7.3 billion, compared to the consensus revenue estimate of $6.74 billion. Jabil also updated its FY 2025 guidance to 8.950-8.950 EPS.

Analyst Upgrades and Downgrades

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

Jabil Stock Up 3.0 %

Shares of JBL stock opened at $143.69 on Friday. The company has a 50 day simple moving average of $156.14 and a two-hundred day simple moving average of $137.66. The stock has a market cap of $15.69 billion, a P/E ratio of 13.78, a P/E/G ratio of 1.65 and a beta of 1.19. Jabil has a 12 month low of $95.85 and a 12 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 (NYSE:JBL) last released its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.11. The company had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. Jabil’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.68 earnings per share. On average, research analysts expect that Jabil will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.22%. Jabil’s dividend payout ratio (DPR) is presently 3.07%.

Insiders Place Their Bets

In other news, Director John C. Plant sold 50,000 shares of the stock in a transaction on Friday, January 24th. The shares were sold at an average price of $172.55, for a total value of $8,627,500.00. Following the completion of the sale, the director now directly owns 5,900 shares of the company’s stock, valued at $1,018,045. This represents a 89.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christopher S. Holland sold 3,400 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $162.27, for a total transaction of $551,718.00. Following the completion of the sale, the director now directly owns 12,900 shares of the company’s stock, valued at approximately $2,093,283. This trade represents a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,400 shares of company stock worth $12,804,458. 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).