Jabil (JBL) Releases Q4 Earnings Guidance

Jabil (NYSE:JBL) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.56-$0.80 for the period, compared to the Thomson Reuters consensus estimate of $0.68. The company issued revenue guidance of $5.2-$5.6 billion, compared to the consensus revenue estimate of $5.19 billion.

Several equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Jabil from a sell rating to a hold rating in a research note on Wednesday, May 16th. ValuEngine cut shares of Jabil from a buy rating to a hold rating in a research note on Wednesday, May 2nd. Finally, Standpoint Research upgraded shares of Jabil from a hold rating to a buy rating in a research note on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $32.90.

Jabil traded up $0.08, reaching $29.66, during trading hours on Thursday, Marketbeat reports. 2,122,845 shares of the company were exchanged, compared to its average volume of 1,954,703. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.54 and a current ratio of 1.04. The stock has a market capitalization of $5.17 billion, a PE ratio of 15.96, a P/E/G ratio of 1.20 and a beta of 0.42. Jabil has a twelve month low of $23.70 and a twelve month high of $31.77.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Tuesday, June 12th. The technology company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.01. The company had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Jabil had a net margin of 0.60% and a return on equity of 14.31%. The firm’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 earnings per share. research analysts forecast that Jabil will post 2.05 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Tuesday, May 15th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Monday, May 14th. Jabil’s dividend payout ratio is presently 17.30%.

In other Jabil news, SVP Sergio Cadavid sold 2,869 shares of the company’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $30.00, for a total transaction of $86,070.00. Following the completion of the transaction, the senior vice president now directly owns 60,305 shares in the company, valued at $1,809,150. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President William E. Peters sold 13,915 shares of the company’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $28.07, for a total transaction of $390,594.05. The disclosure for this sale can be found here. Insiders have sold 77,066 shares of company stock valued at $2,213,441 over the last 90 days. 2.60% of the stock is currently owned by company insiders.

About Jabil

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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