$4.91 Billion in Sales Expected for Jabil Inc (JBL) This Quarter

Equities analysts expect Jabil Inc (NYSE:JBL) to report $4.91 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Jabil’s earnings. The lowest sales estimate is $4.90 billion and the highest is $4.92 billion. Jabil posted sales of $4.45 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 10.3%. The company is expected to issue its next quarterly earnings report on Wednesday, March 21st.

On average, analysts expect that Jabil will report full-year sales of $4.91 billion for the current year, with estimates ranging from $20.16 billion to $20.79 billion. For the next fiscal year, analysts anticipate that the company will report sales of $21.05 billion per share, with estimates ranging from $20.68 billion to $21.46 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Jabil.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Thursday, December 14th. The technology company reported $0.80 EPS for the quarter, topping the Zacks’ 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 company had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter last year, the company earned $0.69 EPS. The company’s quarterly revenue was up 9.4% on a year-over-year basis.

A number of analysts have commented on JBL shares. UBS Group reiterated a “buy” rating and issued a $35.00 price objective on shares of Jabil in a research report on Tuesday, October 17th. ValuEngine downgraded Jabil from a “strong-buy” rating to a “buy” rating in a research report on Monday, December 4th. Argus upgraded Jabil from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company 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, Zacks Investment Research downgraded Jabil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 28th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $32.27.

In other Jabil news, SVP Sergio Cadavid sold 12,000 shares of Jabil stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $28.50, for a total value of $342,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark T. Mondello sold 30,000 shares of Jabil stock in a transaction on Friday, December 1st. The shares were sold at an average price of $28.48, for a total value of $854,400.00. Following the completion of the transaction, the chief executive officer now owns 1,836,889 shares of the company’s stock, valued at approximately $52,314,598.72. The disclosure for this sale can be found here. Insiders have sold a total of 69,830 shares of company stock valued at $1,942,383 in the last 90 days. 2.60% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. raised its position in Jabil by 17.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 9,607 shares of the technology company’s stock valued at $281,000 after purchasing an additional 1,413 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in Jabil by 8.9% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 717,446 shares of the technology company’s stock valued at $20,483,000 after purchasing an additional 58,900 shares during the last quarter. Polianta Ltd bought a new position in Jabil in the 4th quarter valued at $1,034,000. Crossmark Global Holdings Inc. bought a new position in Jabil in the 3rd quarter valued at $835,000. Finally, Jane Street Group LLC bought a new position in Jabil in the 3rd quarter valued at $815,000. Hedge funds and other institutional investors own 97.92% of the company’s stock.

Shares of Jabil (NYSE JBL) opened at $25.83 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.95 and a debt-to-equity ratio of 0.72. Jabil has a 52-week low of $23.70 and a 52-week high of $31.70. The company has a market capitalization of $4,530.00, a P/E ratio of 44.53, a price-to-earnings-growth ratio of 1.03 and a beta of 0.53.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.32 annualized dividend and a dividend yield of 1.24%. Jabil’s dividend payout ratio (DPR) is presently 55.17%.

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About Jabil

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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