Brokerages predict that Jabil Inc (NYSE:JBL) will announce earnings per share of $1.26 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Jabil’s earnings, with the highest EPS estimate coming in at $1.28 and the lowest estimate coming in at $1.23. Jabil posted earnings per share of $1.05 during the same quarter last year, which suggests a positive year over year growth rate of 20%. The business is scheduled to report its next earnings results on Tuesday, December 15th.
According to Zacks, analysts expect that Jabil will report full-year earnings of $4.04 per share for the current fiscal year, with EPS estimates ranging from $4.00 to $4.10. For the next year, analysts forecast that the business will report earnings of $4.42 per share, with EPS estimates ranging from $4.30 to $4.53. Zacks’ EPS averages are a mean average based on a survey of research analysts that follow Jabil.
Jabil (NYSE:JBL) last posted its quarterly earnings data on Thursday, September 24th. The technology company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.32. The company had revenue of $7.30 billion during the quarter, compared to analysts’ expectations of $6.28 billion. Jabil had a return on equity of 5.25% and a net margin of 0.20%. Jabil’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 earnings per share.
Several analysts recently issued reports on JBL shares. Royal Bank of Canada boosted their target price on shares of Jabil from $35.00 to $38.00 and gave the company a “sector perform” rating in a research report on Friday, September 25th. TheStreet raised shares of Jabil from a “c” rating to a “b-” rating in a research report on Thursday, September 24th. Citigroup raised their target price on Jabil from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, September 18th. Goldman Sachs Group raised Jabil from a “neutral” rating to a “buy” rating and boosted their price target for the company from $36.00 to $40.00 in a report on Wednesday, July 15th. Finally, Zacks Investment Research downgraded Jabil from a “buy” rating to a “sell” rating in a research note on Wednesday, October 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. Jabil has a consensus rating of “Hold” and an average price target of $39.11.
Shares of NYSE:JBL traded up $0.08 during trading on Friday, hitting $36.31. The company’s stock had a trading volume of 910,526 shares, compared to its average volume of 1,414,260. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.01 and a quick ratio of 0.66. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 106.80, a P/E/G ratio of 0.94 and a beta of 1.25. The company has a 50-day moving average of $33.84 and a 200-day moving average of $31.33. Jabil has a 12 month low of $17.63 and a 12 month high of $44.20.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Monday, November 16th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, November 13th. This represents a $0.32 dividend on an annualized basis and a yield of 0.88%. Jabil’s dividend payout ratio is presently 91.43%.
In related news, Director Timothy L. Main sold 15,000 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $35.00, for a total transaction of $525,000.00. Following the completion of the sale, the director now owns 292,583 shares in the company, valued at $10,240,405. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.81% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in JBL. Campbell & CO Investment Adviser LLC bought a new stake in shares of Jabil in the 3rd quarter valued at approximately $280,000. Bowling Portfolio Management LLC acquired a new position in shares of Jabil in the third quarter valued at approximately $861,000. Cascade Investment Advisors Inc. acquired a new stake in Jabil during the 3rd quarter worth approximately $916,000. Envestnet Asset Management Inc. lifted its holdings in Jabil by 15.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 27,126 shares of the technology company’s stock worth $929,000 after purchasing an additional 3,685 shares during the last quarter. Finally, Sara Bay Financial grew its holdings in Jabil by 832.5% in the 3rd quarter. Sara Bay Financial now owns 19,395 shares of the technology company’s stock valued at $664,000 after buying an additional 17,315 shares in the last quarter. 89.50% of the stock is currently owned by hedge funds and other institutional investors.
Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides 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).
Featured Story: Why do analysts give a neutral rating?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Jabil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jabil and related companies with MarketBeat.com's FREE daily email newsletter.