Jabil Inc. (NYSE:JBL) CEO Michael J. Loparco sold 1,000 shares of Jabil stock in a transaction dated Monday, October 11th. The shares were sold at an average price of $64.00, for a total transaction of $64,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NYSE JBL opened at $61.26 on Thursday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.04 and a quick ratio of 0.64. The company’s 50 day simple moving average is $60.90 and its 200 day simple moving average is $57.41. Jabil Inc. has a 12 month low of $31.41 and a 12 month high of $64.32. The company has a market capitalization of $8.93 billion, a P/E ratio of 15.87, a PEG ratio of 1.04 and a beta of 1.36.
Jabil (NYSE:JBL) last released its earnings results on Tuesday, September 28th. The technology company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.06. Jabil had a net margin of 2.02% and a return on equity of 29.25%. The business had revenue of $7.40 billion for the quarter, compared to the consensus estimate of $7.67 billion. During the same period in the previous year, the firm earned $0.44 EPS. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, analysts anticipate that Jabil Inc. will post 4.57 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 2nd. Investors of record on Friday, August 13th were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, August 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.52%. Jabil’s payout ratio is currently 91.43%.
Hedge funds have recently added to or reduced their stakes in the company. Denali Advisors LLC acquired a new stake in shares of Jabil during the third quarter valued at approximately $41,000. Dark Forest Capital Management LP acquired a new stake in shares of Jabil during the second quarter valued at approximately $50,000. Eaton Vance Management acquired a new stake in shares of Jabil during the first quarter valued at approximately $94,000. Deseret Mutual Benefit Administrators acquired a new stake in shares of Jabil during the second quarter valued at approximately $115,000. Finally, IFP Advisors Inc raised its holdings in shares of Jabil by 90.6% during the second quarter. IFP Advisors Inc now owns 2,646 shares of the technology company’s stock valued at $155,000 after acquiring an additional 1,258 shares during the period. Institutional investors and hedge funds own 88.93% of the company’s stock.
A number of research analysts have issued reports on JBL shares. Citigroup boosted their target price on shares of Jabil from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, September 30th. Zacks Investment Research raised shares of Jabil from a “hold” rating to a “strong-buy” rating and set a $65.00 target price for the company in a research note on Tuesday, June 22nd. Stifel Nicolaus raised shares of Jabil from a “hold” rating to a “buy” rating and boosted their target price for the company from $63.00 to $68.00 in a research note on Thursday, September 30th. Raymond James boosted their target price on shares of Jabil from $66.00 to $70.00 and gave the company a “strong-buy” rating in a research note on Thursday, September 30th. Finally, boosted their target price on shares of Jabil from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, June 18th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Jabil presently has an average rating of “Buy” and an average price target of $64.22.
Jabil Company Profile
Jabil, Inc engages in the provision of electronic manufacturing services and solutions. It offers electronics design, production, product management, and repair services to companies in the automotive and transportation, capital equipment, consumer lifestyles and wearable technologies, computing and storage, defense and aerospace, digital home, healthcare, industrial and energy, mobility, networking and telecommunications, packaging, point of sale, and printing industries.
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