Jabil (NYSE:JBL) Releases Earnings Results

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

Jabil Trading Up 7.3 %

Shares of JBL stock opened at $143.69 on Thursday. The business has a 50-day moving average of $130.37 and a 200 day moving average of $117.96. 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 has a 1-year low of $95.85 and a 1-year high of $156.94. The stock has a market capitalization of $16.05 billion, a PE ratio of 13.04, a P/E/G ratio of 1.57 and a beta of 1.25.

Jabil Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have issued reports on the company. StockNews.com upgraded Jabil from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 27th. The Goldman Sachs Group increased their target price on shares of Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. decreased their target price on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Stifel Nicolaus increased their price target on shares of Jabil from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Finally, Barclays lifted their price objective on shares of Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $142.50.

Insider Transactions at Jabil

In other news, SVP Francis Mckay sold 11,755 shares of Jabil stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $121.71, for a total value of $1,430,701.05. Following the sale, the senior vice president now directly owns 41,507 shares in the company, valued at approximately $5,051,816.97. This trade represents a 22.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Frederic E. Mccoy sold 4,000 shares of the company’s 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 completion of the transaction, the executive vice president now owns 108,753 shares of the company’s stock, valued at $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. Over the last 90 days, insiders have sold 43,689 shares of company stock worth $5,377,431. Insiders own 1.73% of the company’s stock.

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).