Brokerages forecast that Jabil Inc (NYSE:JBL) will announce $5.50 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Jabil’s earnings. The highest sales estimate is $5.51 billion and the lowest is $5.49 billion. Jabil reported sales of $5.10 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 7.8%. The business is scheduled to issue its next earnings report after the market closes on Thursday, December 14th.

On average, analysts expect that Jabil will report full-year sales of $5.50 billion for the current fiscal year, with estimates ranging from $19.78 billion to $20.50 billion. For the next financial year, analysts expect that the company will report sales of $20.71 billion per share, with estimates ranging from $20.30 billion to $21.09 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Jabil.

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

JBL has been the topic of several recent analyst reports. Goldman Sachs Group downgraded shares of Jabil from a “neutral” rating to a “sell” rating and reduced their target price for the company from $28.00 to $26.00 in a research note on Tuesday, October 10th. ValuEngine raised shares of Jabil from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 7th. UBS restated a “buy” rating and issued a $35.00 price target on shares of Jabil in a report on Tuesday, October 17th. Bank of America cut 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. Finally, Needham & Company LLC restated a “buy” rating and issued a $37.00 price target on shares of Jabil in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $30.50.

Shares of Jabil (NYSE:JBL) traded up $0.27 during trading hours on Thursday, hitting $27.83. 977,983 shares of the company were exchanged, compared to its average volume of 1,895,081. The company has a current ratio of 0.96, a quick ratio of 0.54 and a debt-to-equity ratio of 0.69. Jabil has a 12-month low of $20.44 and a 12-month high of $31.70. The company has a market capitalization of $4,970.00, a price-to-earnings ratio of 15.16, a price-to-earnings-growth ratio of 1.06 and a beta of 0.55.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.15%. The ex-dividend date was Tuesday, November 14th. Jabil’s payout ratio is 46.38%.

In other news, CEO Mark T. Mondello sold 30,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $29.02, for a total value of $870,600.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO William D. Muir, Jr. sold 26,420 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $28.00, for a total transaction of $739,760.00. Following the completion of the sale, the chief operating officer now owns 341,840 shares in the company, valued at $9,571,520. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 147,680 shares of company stock worth $4,204,246. 2.90% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. AXA boosted its holdings in shares of Jabil by 22.9% in the 3rd quarter. AXA now owns 467,600 shares of the technology company’s stock valued at $13,350,000 after buying an additional 87,000 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of Jabil by 0.8% in the 3rd quarter. California Public Employees Retirement System now owns 677,833 shares of the technology company’s stock valued at $19,352,000 after buying an additional 5,418 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Jabil in the 3rd quarter valued at about $2,561,000. Highbridge Capital Management LLC bought a new stake in shares of Jabil in the 3rd quarter valued at about $3,426,000. Finally, Janus Henderson Group PLC boosted its holdings in shares of Jabil by 250.3% in the 3rd quarter. Janus Henderson Group PLC now owns 90,286 shares of the technology company’s stock valued at $2,578,000 after buying an additional 64,511 shares in the last quarter. Institutional investors and hedge funds own 95.10% of the company’s stock.

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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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