Jabil Inc (NYSE:JBL) has earned a consensus recommendation of “Hold” from the fifteen ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $32.63.
Several brokerages have issued reports on JBL. Zacks Investment Research upgraded Jabil from a “sell” rating to a “hold” rating in a research note on Monday. Goldman Sachs Group dropped their price target on Jabil to $24.00 and set a “sell” rating on the stock in a research report on Friday, January 26th. Argus upgraded Jabil from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Monday, December 18th. Raymond James Financial reiterated a “hold” rating on shares of Jabil in a research report on Thursday, December 14th. Finally, ValuEngine cut Jabil from a “strong-buy” rating to a “buy” rating in a research report on Monday, December 4th.
In related news, CEO Mark T. Mondello sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $28.48, for a total value of $854,400.00. Following the sale, the chief executive officer now directly owns 1,836,889 shares in the company, valued at approximately $52,314,598.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President William E. Peters sold 13,915 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $27.61, for a total value of $384,193.15. The disclosure for this sale can be found here. Insiders have sold a total of 69,830 shares of company stock worth $1,942,383 over the last quarter. Insiders own 2.60% of the company’s stock.
Shares of Jabil (NYSE:JBL) traded up $0.44 during midday trading on Friday, reaching $26.13. The company’s stock had a trading volume of 1,052,818 shares, compared to its average volume of 2,370,631. Jabil has a 12-month low of $23.70 and a 12-month high of $31.70. The firm has a market capitalization of $4,526.34, a PE ratio of 45.84, a P/E/G ratio of 1.04 and a beta of 0.53. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.95 and a quick ratio of 0.50.
Jabil (NYSE:JBL) last announced its quarterly earnings data on Thursday, December 14th. The technology company reported $0.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.01. Jabil had a return on equity of 12.95% and a net margin of 0.54%. The firm had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.50 billion. During the same quarter in the prior year, the firm posted $0.69 earnings per share. Jabil’s revenue for the quarter was up 9.4% compared to the same quarter last year. research analysts anticipate that Jabil will post 2.06 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Wednesday, February 14th. Jabil’s payout ratio is 56.14%.
Jabil Inc, formerly Jabil Circuit, Inc, provides electronic manufacturing services and solutions throughout the world. The Company operates in two segments, which include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The Company’s EMS segment is focused on leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics, sharing of its large scale manufacturing infrastructure and the ability to serve a range of markets.
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