Jabil (JBL) Issues Q3 2019 Earnings Guidance

Jabil (NYSE:JBL) updated its third quarter 2019 earnings guidance on Thursday. The company provided EPS guidance of $0.47-0.67 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.61. The company issued revenue guidance of $5.7-6.3 billion, compared to the consensus revenue estimate of $6.1 billion.

Several research firms recently commented on JBL. TheStreet upgraded Jabil from a c+ rating to a b rating in a research note on Monday, February 25th. ValuEngine upgraded Jabil from a sell rating to a hold rating in a research note on Wednesday, November 28th. Citigroup cut their price target on Jabil to $24.00 and set a sell rating on the stock in a research note on Tuesday, November 27th. They noted that the move was a valuation call. JPMorgan Chase & Co. cut their price target on Jabil from $37.00 to $34.00 and set a buy rating on the stock in a research note on Wednesday, November 14th. Finally, Zacks Investment Research upgraded Jabil from a hold rating to a strong-buy rating and set a $28.00 price target on the stock in a research note on Tuesday, January 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $28.20.

Shares of JBL traded down $0.25 during mid-day trading on Thursday, reaching $27.41. The company’s stock had a trading volume of 1,600,152 shares, compared to its average volume of 1,493,758. The firm has a market capitalization of $4.23 billion, a P/E ratio of 12.63, a PEG ratio of 0.93 and a beta of 0.61. Jabil has a 1 year low of $21.49 and a 1 year high of $31.77. The company has a quick ratio of 0.62, a current ratio of 1.02 and a debt-to-equity ratio of 1.31.

Jabil (NYSE:JBL) last posted its earnings results on Tuesday, December 18th. The technology company reported $0.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.21. Jabil had a net margin of 0.63% and a return on equity of 19.52%. The firm had revenue of $6.51 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same period in the prior year, the business posted $0.80 earnings per share. On average, analysts expect that Jabil will post 2.45 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 15th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Thursday, February 14th. Jabil’s dividend payout ratio is 14.75%.

In other Jabil news, CEO Kenneth S. Wilson sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $24.30, for a total transaction of $145,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Steven D. Borges sold 7,500 shares of the firm’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $29.00, for a total transaction of $217,500.00. Following the transaction, the chief executive officer now owns 275,115 shares of the company’s stock, valued at approximately $7,978,335. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,022 shares of company stock valued at $1,125,766. Corporate insiders own 2.90% of the company’s stock.

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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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