Analysts Expect Jabil Inc (NYSE:JBL) to Announce $0.94 EPS

Wall Street analysts expect Jabil Inc (NYSE:JBL) to announce earnings per share (EPS) of $0.94 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Jabil’s earnings, with the lowest EPS estimate coming in at $0.93 and the highest estimate coming in at $0.95. Jabil posted earnings of $0.90 per share during the same quarter last year, which would suggest a positive year over year growth rate of 4.4%. The firm is expected to report its next earnings results on Tuesday, December 17th.

According to Zacks, analysts expect that Jabil will report full year earnings of $3.43 per share for the current fiscal year, with EPS estimates ranging from $3.41 to $3.43. For the next fiscal year, analysts expect that the business will report earnings of $3.96 per share, with EPS estimates ranging from $3.92 to $4.02. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Jabil.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Tuesday, September 24th. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.02. Jabil had a net margin of 1.14% and a return on equity of 15.90%. The business had revenue of $6.57 billion during the quarter, compared to the consensus estimate of $6.63 billion. During the same quarter last year, the firm posted $0.70 EPS. Jabil’s revenue was up 13.9% compared to the same quarter last year.

JBL has been the subject of several research reports. Standpoint Research downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. ValuEngine downgraded shares of Jabil from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Citigroup lifted their price objective on shares of Jabil from $36.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Bank of America lifted their price objective on shares of Jabil from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Friday, October 4th. Finally, Argus lifted their price objective on shares of Jabil from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $37.13.

NYSE JBL traded up $0.89 during mid-day trading on Wednesday, hitting $39.05. The company’s stock had a trading volume of 1,296,188 shares, compared to its average volume of 1,317,308. The company’s 50 day simple moving average is $37.97 and its 200 day simple moving average is $31.83. Jabil has a twelve month low of $21.49 and a twelve month high of $39.72. The company has a current ratio of 0.98, a quick ratio of 0.62 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 1.30 and a beta of 0.99.

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Thursday, November 14th. Jabil’s dividend payout ratio is 17.68%.

In other news, SVP Bruce Allan Johnson sold 6,000 shares of Jabil stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $35.00, for a total transaction of $210,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Courtney J. Ryan sold 5,000 shares of Jabil stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $38.77, for a total value of $193,850.00. Following the sale, the executive vice president now owns 288,656 shares in the company, valued at $11,191,193.12. The disclosure for this sale can be found here. Insiders have sold a total of 368,132 shares of company stock worth $13,455,049 over the last ninety days. Insiders own 2.90% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JBL. Arcadia Investment Management Corp MI bought a new stake in shares of Jabil during the 2nd quarter worth $28,000. Private Capital Group LLC raised its stake in shares of Jabil by 1,804.5% during the 2nd quarter. Private Capital Group LLC now owns 1,276 shares of the technology company’s stock worth $35,000 after purchasing an additional 1,209 shares during the period. Advisory Services Network LLC raised its stake in shares of Jabil by 57.1% during the 2nd quarter. Advisory Services Network LLC now owns 1,238 shares of the technology company’s stock worth $39,000 after purchasing an additional 450 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in shares of Jabil during the 2nd quarter worth $42,000. Finally, Psagot Investment House Ltd. bought a new stake in shares of Jabil during the 3rd quarter worth $53,000. Institutional investors own 89.40% of the company’s stock.

About Jabil

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).

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