Jabil (JBL) Posts Earnings Results

Jabil (NYSE:JBL) announced its earnings results on Tuesday. The technology company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.01, RTT News reports. Jabil had a return on equity of 14.31% and a net margin of 0.60%. The company had revenue of $5.44 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same period in the prior year, the company posted $0.31 EPS. Jabil’s quarterly revenue was up 21.1% on a year-over-year basis.

Jabil traded up $0.08, hitting $29.66, during trading hours on Thursday, according to Marketbeat. The company had a trading volume of 2,122,845 shares, compared to its average volume of 1,954,703. Jabil has a fifty-two week low of $23.70 and a fifty-two week high of $31.77. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.04 and a quick ratio of 0.54. The firm has a market capitalization of $5.17 billion, a PE ratio of 15.96, a P/E/G ratio of 1.20 and a beta of 0.42.

The business also recently announced a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Tuesday, May 15th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Monday, May 14th. Jabil’s dividend payout ratio is presently 17.30%.

Several equities research analysts recently issued reports on JBL shares. Standpoint Research raised Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. ValuEngine lowered Jabil from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, Zacks Investment Research raised Jabil from a “sell” rating to a “hold” rating in a research report on Wednesday, May 16th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $32.90.

In other Jabil news, EVP Erich Hoch sold 2,029 shares of the stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $29.80, for a total value of $60,464.20. Following the sale, the executive vice president now directly owns 204,325 shares of the company’s stock, valued at $6,088,885. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas A. Sansone sold 15,000 shares of the stock in a transaction on Friday, March 16th. The stock was sold at an average price of $29.88, for a total value of $448,200.00. Following the completion of the sale, the director now directly owns 184,188 shares in the company, valued at $5,503,537.44. The disclosure for this sale can be found here. Insiders sold 77,066 shares of company stock worth $2,213,441 over the last ninety days. 2.60% of the stock is owned by corporate insiders.

Jabil Company Profile

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).

Earnings History for Jabil (NYSE:JBL)

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