Jabil (NYSE:JBL) Releases Q2 Earnings Guidance

Jabil (NYSE:JBL) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.60-2.00 for the period, compared to the consensus estimate of $1.79. The company issued revenue guidance of $6.10-6.70 billion, compared to the consensus revenue estimate of $6.27 billion. Jabil also updated its FY 2025 guidance to 8.750-8.750 EPS.

Jabil Price Performance

Shares of NYSE JBL opened at $140.44 on Friday. The business’s 50 day moving average is $130.72 and its 200-day moving average is $118.12. The firm has a market cap of $15.69 billion, a P/E ratio of 12.74, a price-to-earnings-growth ratio of 1.57 and a beta of 1.25. Jabil has a 1-year low of $95.85 and a 1-year high of $156.94. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66.

Jabil (NYSE:JBL) last announced its earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.88 by $0.12. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The company had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $6.61 billion. During the same period last year, the firm earned $2.60 earnings per share. The business’s revenue for the quarter was down 16.6% on a year-over-year basis. Equities research analysts predict that Jabil will post 7.89 earnings per share for the current year.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend was Friday, November 15th. Jabil’s dividend payout ratio is presently 2.90%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. Bank of America boosted their price objective on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. The Goldman Sachs Group raised their price objective on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday. StockNews.com downgraded Jabil from a “strong-buy” rating to a “buy” rating in a report on Thursday. Finally, Barclays increased their price target on Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Jabil currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.50.

Insiders Place Their Bets

In related news, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the sale, the director now directly owns 139,108 shares in the company, valued at approximately $17,346,767.60. This trade represents a 12.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Matthew Crowley sold 1,380 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $125.83, for a total value of $173,645.40. Following the sale, the executive vice president now directly owns 18,568 shares of the company’s stock, valued at approximately $2,336,411.44. This represents a 6.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,689 shares of company stock valued at $5,377,431. Corporate insiders own 1.73% of the company’s stock.

Jabil Company Profile

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).