Jabil (JBL) Issues Quarterly Earnings Results
Jabil (NYSE:JBL) announced its quarterly earnings results on Thursday. The technology company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.01, Bloomberg Earnings reports. The company had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.50 billion. Jabil had a return on equity of 14.47% and a net margin of 0.68%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $0.69 EPS. Jabil updated its Q2 guidance to $0.50-0.74 EPS.
Jabil (NYSE:JBL) opened at $27.45 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.96 and a debt-to-equity ratio of 0.69. Jabil has a 12 month low of $21.51 and a 12 month high of $31.70. The firm has a market cap of $5,020.20, a P/E ratio of 15.28, a price-to-earnings-growth ratio of 1.07 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 paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Tuesday, November 14th. Jabil’s dividend payout ratio (DPR) is 46.38%.
A number of equities research analysts have recently commented on JBL shares. ValuEngine upgraded Jabil from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 7th. Citigroup restated a “sell” rating and set a $28.00 target price on shares of Jabil in a research report on Thursday, September 28th. Needham & Company LLC restated a “buy” rating and set a $37.00 target price on shares of Jabil in a research report on Friday, September 1st. Zacks Investment Research upgraded Jabil from a “hold” rating to a “strong-buy” rating and set a $34.00 target price on the stock in a research report on Monday, October 2nd. Finally, Stifel Nicolaus restated a “hold” rating and set a $30.00 target price on shares of Jabil in a research report on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $30.50.
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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