Jabil (NYSE:JBL) Posts Quarterly Earnings Results

Jabil (NYSE:JBL) issued its quarterly earnings data on Wednesday. The technology company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12, Briefing.com reports. The firm had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.61 billion. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The business’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.60 earnings per share.

Jabil Stock Performance

Shares of Jabil stock opened at $143.69 on Thursday. The firm’s fifty day simple moving average is $130.37 and its 200-day simple moving average is $117.96. Jabil has a 12 month low of $95.85 and a 12 month high of $156.94. The stock has a market capitalization of $16.05 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 1.57 and a beta of 1.25. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.72.

Jabil Dividend Announcement

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

Insiders Place Their Bets

In related news, 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 transaction of $2,494,000.00. Following the sale, the director now owns 139,108 shares of the company’s stock, valued at approximately $17,346,767.60. The trade was a 12.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $118.70, for a total transaction of $474,800.00. Following the completion of the transaction, the executive vice president now directly owns 108,753 shares of the company’s stock, valued at approximately $12,908,981.10. This trade represents a 3.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,689 shares of company stock valued at $5,377,431. Insiders own 1.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on JBL shares. 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 research note on Friday, September 27th. JPMorgan Chase & Co. decreased their price objective on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. StockNews.com raised Jabil from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 27th. The Goldman Sachs Group upped their price target on shares of Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Stifel Nicolaus raised their price objective on shares of Jabil from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Jabil presently has an average rating of “Moderate Buy” and an average price target of $142.50.

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).