Jabil (NYSE:JBL) Issues Q4 Earnings Guidance

Jabil (NYSE:JBLGet Free Report) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.03-2.43 for the period, compared to the consensus estimate of $2.22. The company issued revenue guidance of $6.30-6.90 billion, compared to the consensus revenue estimate of $6.79 billion.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Argus cut shares of Jabil from a buy rating to a hold rating in a research note on Tuesday, March 19th. Barclays reduced their price target on shares of Jabil from $149.00 to $135.00 and set an overweight rating for the company in a research report on Friday. The Goldman Sachs Group upped their price target on Jabil from $141.00 to $161.00 and gave the stock a buy rating in a report on Monday, March 4th. StockNews.com raised Jabil from a hold rating to a buy rating in a report on Tuesday, April 23rd. Finally, UBS Group lowered their target price on Jabil from $130.00 to $120.00 and set a neutral rating on the stock in a report on Friday. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Jabil presently has an average rating of Moderate Buy and an average price target of $142.63.

Read Our Latest Analysis on JBL

Jabil Stock Up 1.3 %

JBL opened at $113.19 on Friday. The firm has a market cap of $13.65 billion, a P/E ratio of 10.30, a PEG ratio of 1.40 and a beta of 1.35. The business’s fifty day simple moving average is $119.16 and its 200 day simple moving average is $128.05. Jabil has a 52 week low of $100.18 and a 52 week high of $156.94. The company has a quick ratio of 0.72, a current ratio of 1.13 and a debt-to-equity ratio of 1.26.

Jabil (NYSE:JBLGet Free Report) last released its quarterly earnings results on Thursday, June 20th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.04. The company had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.53 billion. Jabil had a net margin of 4.63% and a return on equity of 40.30%. The firm’s revenue for the quarter was down 20.2% compared to the same quarter last year. During the same period last year, the company earned $1.85 EPS. As a group, equities research analysts anticipate that Jabil will post 7.74 EPS for the current fiscal year.

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend was Tuesday, May 14th. Jabil’s dividend payout ratio (DPR) is 2.91%.

Insider Buying and Selling

In related news, SVP May Yee Yap sold 7,877 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $139.65, for a total value of $1,100,023.05. Following the sale, the senior vice president now directly owns 29,006 shares of the company’s stock, valued at $4,050,687.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Jabil news, CEO Kenneth S. Wilson sold 15,000 shares of Jabil stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the transaction, the chief executive officer now directly owns 339,725 shares of the company’s stock, valued at $45,591,095. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP May Yee Yap sold 7,877 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the completion of the sale, the senior vice president now directly owns 29,006 shares of the company’s stock, valued at approximately $4,050,687.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,877 shares of company stock worth $3,519,883. 2.62% of the stock is owned by company insiders.

About Jabil

(Get Free Report)

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).

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Earnings History and Estimates for Jabil (NYSE:JBL)

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