Jabil Inc. (JBL) To Go Ex-Dividend on November 15th

Jabil Inc. (NYSE:JBL) declared a quarterly dividend on Thursday, October 17th, Wall Street Journal reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.08 per share by the technology company on Tuesday, December 3rd. This represents a $0.32 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend is Friday, November 15th.

Jabil has a payout ratio of 3.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Jabil to earn $8.99 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 3.6%.

Jabil Price Performance

Shares of NYSE JBL opened at $126.29 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09. The company has a market cap of $14.33 billion, a PE ratio of 11.49, a P/E/G ratio of 1.46 and a beta of 1.25. The business has a 50-day simple moving average of $112.30 and a two-hundred day simple moving average of $115.55. Jabil has a fifty-two week low of $95.85 and a fifty-two week high of $156.94.

Jabil (NYSE:JBL) last issued its earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.08. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The firm had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.59 billion. During the same quarter last year, the company posted $2.34 earnings per share. The firm’s revenue was down 17.7% compared to the same quarter last year. As a group, equities analysts expect that Jabil will post 7.84 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Matthew Crowley sold 1,380 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $125.83, for a total value of $173,645.40. Following the sale, the executive vice president now directly owns 18,568 shares of the company’s stock, valued at approximately $2,336,411.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Jabil news, EVP Matthew Crowley sold 1,380 shares of the stock in a transaction on Friday, October 18th. The shares were sold at an average price of $125.83, for a total transaction of $173,645.40. Following the sale, the executive vice president now directly owns 18,568 shares of the company’s stock, valued at approximately $2,336,411.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $118.70, for a total transaction of $474,800.00. Following the sale, the executive vice president now directly owns 108,753 shares in the company, valued at $12,908,981.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.62% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

JBL has been the topic of several research analyst reports. Barclays lifted their target price on shares of Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research 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 report on Tuesday, September 3rd. UBS Group reduced their price target on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Friday, June 21st. Stifel Nicolaus boosted their price target on shares of Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Bank of America upped their target price on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Jabil presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.50.

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).