Analysts expect Jabil Inc (NYSE:JBL) to post earnings per share (EPS) of $0.66 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Jabil’s earnings, with the lowest EPS estimate coming in at $0.59 and the highest estimate coming in at $0.69. Jabil reported earnings per share of $0.64 during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.1%. The firm is scheduled to report its next earnings report on Wednesday, September 26th.
On average, analysts expect that Jabil will report full year earnings of $2.49 per share for the current year, with EPS estimates ranging from $2.04 to $2.61. For the next financial year, analysts expect that the firm will post earnings of $2.92 per share, with EPS estimates ranging from $2.64 to $3.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that cover Jabil.
Jabil (NYSE:JBL) last issued its earnings results on Thursday, June 14th. The technology company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.45 by $0.01. The company had revenue of $5.44 billion for the quarter, compared to analyst estimates of $4.90 billion. Jabil had a net margin of 0.89% and a return on equity of 15.68%. The business’s revenue was up 21.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 EPS.
Separately, Zacks Investment Research raised Jabil from a “sell” rating to a “hold” rating in a research note on Wednesday, May 16th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. Jabil presently has a consensus rating of “Hold” and an average target price of $33.00.
In other news, President William E. Peters sold 13,915 shares of Jabil stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $29.48, for a total transaction of $410,214.20. Following the completion of the transaction, the president now owns 511,562 shares of the company’s stock, valued at approximately $15,080,847.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 41,745 shares of company stock valued at $1,184,584 in the last ninety days. Corporate insiders own 2.60% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. MUFG Americas Holdings Corp acquired a new position in Jabil in the 2nd quarter valued at about $130,000. Cerebellum GP LLC acquired a new position in Jabil in the 2nd quarter valued at about $136,000. LMR Partners LLP acquired a new position in Jabil in the 2nd quarter valued at about $209,000. DekaBank Deutsche Girozentrale raised its stake in Jabil by 269.5% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 7,705 shares of the technology company’s stock valued at $220,000 after purchasing an additional 5,620 shares during the last quarter. Finally, Jump Trading LLC acquired a new position in Jabil in the 1st quarter valued at about $225,000. 89.81% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:JBL traded down $0.03 during midday trading on Wednesday, hitting $29.63. 954,600 shares of the stock were exchanged, compared to its average volume of 1,826,612. The company has a market capitalization of $4.98 billion, a PE ratio of 16.02, a price-to-earnings-growth ratio of 1.21 and a beta of 0.36. The company has a quick ratio of 0.51, a current ratio of 1.02 and a debt-to-equity ratio of 1.00. Jabil has a twelve month low of $23.70 and a twelve month high of $31.77.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 4th. Stockholders of record on Wednesday, August 15th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Tuesday, August 14th. Jabil’s dividend payout ratio (DPR) is presently 17.30%.
Jabil declared that its board has initiated a stock repurchase program on Thursday, June 14th that permits the company to buyback $350.00 million in shares. This buyback authorization permits the technology company to reacquire up to 7.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
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).
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