Jabil (NYSE:JBL) Issues Earnings Results

Jabil (NYSE:JBL) released its earnings results on Thursday. The technology company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.11, Briefing.com reports. The firm had revenue of $6.73 billion for the quarter, compared to analysts’ expectations of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $1.68 earnings per share.

Jabil Stock Performance

Jabil stock opened at $145.02 on Friday. The firm’s 50 day simple moving average is $155.96 and its 200 day simple moving average is $137.91. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $15.83 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19. Jabil has a 1-year low of $95.85 and a 1-year high of $174.80.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date was Tuesday, February 18th. Jabil’s dividend payout ratio (DPR) is presently 3.07%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on JBL. UBS Group boosted their target price on shares of Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday. JPMorgan Chase & Co. boosted their price target on shares of Jabil from $172.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday. Stifel Nicolaus reissued a “buy” rating and issued a $160.00 price target (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Barclays boosted their price target on shares of Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a research report on Friday. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Jabil presently has a consensus rating of “Moderate Buy” and an average target price of $167.50.

Insider Buying and Selling

In other news, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total value of $599,240.00. Following the transaction, the executive vice president now owns 138,472 shares of the company’s stock, valued at $20,744,490.32. This represents a 2.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher S. Holland sold 3,400 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $162.27, for a total transaction of $551,718.00. Following the completion of the transaction, the director now directly owns 12,900 shares in the company, valued at $2,093,283. The trade was a 20.86 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,400 shares of company stock valued at $12,804,458. Company 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).