Jabil Inc. (JBL) To Go Ex-Dividend on February 18th

Jabil Inc. (NYSE:JBL) announced a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Stockholders of record on Tuesday, February 18th will be given a dividend of 0.08 per share by the technology company on Tuesday, March 4th. This represents a $0.32 annualized dividend and a dividend yield of 0.18%. The ex-dividend date of this dividend is Tuesday, February 18th.

Jabil has a dividend payout ratio of 3.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Jabil to earn $9.71 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 3.3%.

Jabil Stock Up 1.2 %

Shares of Jabil stock opened at $173.26 on Friday. Jabil has a 12-month low of $95.85 and a 12-month high of $174.80. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The stock has a 50 day moving average price of $144.48 and a two-hundred day moving average price of $125.22. The stock has a market capitalization of $18.92 billion, a P/E ratio of 16.61, a PEG ratio of 1.68 and a beta of 1.23.

Jabil (NYSE:JBL) last posted its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. The business had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. Jabil’s revenue was down 16.6% compared to the same quarter last year. During the same period last year, the business posted $2.60 EPS. Equities analysts expect that Jabil will post 8.03 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on JBL. The Goldman Sachs Group increased their target price on Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. UBS Group raised their price objective on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Bank of America upped their target price on shares of Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Stifel Nicolaus restated a “buy” rating and issued a $160.00 price target (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Finally, StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Jabil has an average rating of “Moderate Buy” and an average target price of $153.17.

Insider Buying and Selling

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction on Friday, January 10th. The stock was sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the completion of the transaction, the director now directly owns 119,108 shares of the company’s stock, valued at approximately $18,021,040.40. This trade represents a 14.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Francis Mckay sold 11,755 shares of the company’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the completion of the sale, the senior vice president now directly owns 41,507 shares in the company, valued at approximately $5,051,816.97. The trade was a 22.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,038 shares of company stock valued at $5,579,666 over the last quarter. Corporate insiders own 1.73% of the company’s stock.

About Jabil

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).