Media stories about Jabil (NYSE:JBL) have been trending somewhat positive on Friday, Accern reports. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Jabil earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 47.4576733687213 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Park Electrochemical (PKE) & Jabil (JBL) Financial Review (americanbankingnews.com)
- Jabil (JBL) Board of Directors Announces Stock Buyback Plan (americanbankingnews.com)
- Financial Comparison: Jabil (JBL) & Park Electrochemical (PKE) (americanbankingnews.com)
- Jabil Under Pressure After J.P. Morgan Lowers Price Target (nasdaq.com)
- Jabil stock reverses course, opens sharply lower after J.P. Morgan reduces target price (marketwatch.com)
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research cut Jabil from a “hold” rating to a “sell” rating in a report on Tuesday, March 20th. ValuEngine cut Jabil from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, Standpoint Research upgraded Jabil from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $33.00.
Shares of JBL stock opened at $27.13 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.02 and a quick ratio of 0.51. The company has a market capitalization of $4.75 billion, a P/E ratio of 14.66, a P/E/G ratio of 1.11 and a beta of 0.42. Jabil has a 1 year low of $23.70 and a 1 year high of $31.77.
Jabil (NYSE:JBL) last issued its quarterly earnings results on Thursday, June 14th. The technology company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. The business had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Jabil had a return on equity of 15.68% and a net margin of 0.89%. The firm’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 earnings per share. analysts predict that Jabil will post 2.04 earnings per share for the current year.
Jabil announced that its Board of Directors has initiated a stock repurchase plan on Thursday, June 14th that authorizes the company to repurchase $350.00 million in shares. This repurchase authorization authorizes the technology company to purchase up to 7.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
The business also recently declared a quarterly dividend, which was paid on Friday, June 1st. Investors of record on Tuesday, May 15th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Monday, May 14th. Jabil’s dividend payout ratio (DPR) is currently 17.30%.
In related news, President William E. Peters sold 13,915 shares of the business’s stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $26.50, for a total value of $368,747.50. Following the completion of the sale, the president now directly owns 566,754 shares in the company, valued at $15,018,981. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders sold 41,745 shares of company stock valued at $1,157,867. 2.60% of the stock is currently owned by corporate insiders.
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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