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 EPS for the quarter, topping the consensus estimate of $2.22 by $0.08, Briefing.com reports. Jabil had a return on equity of 40.30% and a net margin of 4.63%. The business had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.59 billion. During the same period in the previous year, the business earned $2.34 EPS. Jabil’s revenue was down 17.7% compared to the same quarter last year.

Jabil Stock Performance

Shares of Jabil stock opened at $122.31 on Friday. The firm has a fifty day moving average of $107.42 and a two-hundred day moving average of $116.72. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.74 and a current ratio of 1.13. The stock has a market capitalization of $13.88 billion, a price-to-earnings ratio of 11.13, a PEG 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.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.08 per share. 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 is presently 2.91%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

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

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).