Equities analysts forecast that Jabil Inc (NYSE:JBL) will report earnings per share of $0.78 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Jabil’s earnings. Jabil reported earnings per share of $0.69 during the same quarter last year, which would suggest a positive year over year growth rate of 13%. The company is expected to issue its next quarterly earnings report after the market closes on Thursday, December 14th.

According to Zacks, analysts expect that Jabil will report full year earnings of $2.57 per share for the current fiscal year, with EPS estimates ranging from $2.55 to $2.58. For the next year, analysts expect that the firm will report earnings of $2.93 per share, with EPS estimates ranging from $2.87 to $3.01. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Jabil.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Wednesday, September 27th. The technology company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $4.86 billion. Jabil had a net margin of 0.68% and a return on equity of 14.47%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 earnings per share.

A number of equities research analysts have recently commented on JBL shares. J P Morgan Chase & Co reiterated a “buy” rating and set a $40.00 price target on shares of Jabil in a report on Thursday, September 28th. ValuEngine downgraded shares of Jabil from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub downgraded shares of Jabil from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Zacks Investment Research upgraded shares of Jabil from a “hold” rating to a “strong-buy” rating and set a $34.00 target price for the company in a report on Monday, October 2nd. Finally, Bank of America downgraded shares of Jabil from a “buy” rating to a “neutral” rating in a report on Monday, September 25th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $30.50.

Shares of Jabil (NYSE JBL) traded up $0.16 during midday trading on Tuesday, hitting $28.74. 3,244,100 shares of the stock were exchanged, compared to its average volume of 1,887,316. The stock has a market capitalization of $5,048.46, a P/E ratio of 15.37, a PEG ratio of 1.07 and a beta of 0.55. Jabil has a 1-year low of $20.44 and a 1-year high of $31.70. The company has a current ratio of 0.96, a quick ratio of 0.54 and a debt-to-equity ratio of 0.69.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were given a dividend of $0.08 per share. The ex-dividend date was Tuesday, November 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.11%. Jabil’s dividend payout ratio (DPR) is 46.38%.

In other news, President William E. Peters sold 3,580 shares of the business’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $28.74, for a total transaction of $102,889.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Mark T. Mondello sold 30,000 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $29.02, for a total transaction of $870,600.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 147,680 shares of company stock worth $4,204,246. 2.90% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. AXA increased its stake in shares of Jabil by 22.9% in the third quarter. AXA now owns 467,600 shares of the technology company’s stock worth $13,350,000 after buying an additional 87,000 shares during the last quarter. California Public Employees Retirement System increased its stake in shares of Jabil by 0.8% in the third quarter. California Public Employees Retirement System now owns 677,833 shares of the technology company’s stock worth $19,352,000 after buying an additional 5,418 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Jabil in the third quarter worth $2,561,000. Highbridge Capital Management LLC bought a new stake in shares of Jabil in the third quarter worth $3,426,000. Finally, Janus Henderson Group PLC increased its stake in shares of Jabil by 250.3% in the third quarter. Janus Henderson Group PLC now owns 90,286 shares of the technology company’s stock worth $2,578,000 after buying an additional 64,511 shares during the last quarter. 95.10% of the stock is currently owned by institutional investors and hedge funds.

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Jabil Company Profile

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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Earnings History and Estimates for Jabil (NYSE:JBL)

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