Jabil (NYSE:JBL) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.47-0.67 for the period, compared to the Thomson Reuters consensus estimate of $0.57. The company issued revenue guidance of $5.7-6.3 billion, compared to the consensus revenue estimate of $5.95 billion.Jabil also updated its Q3 2019 guidance to $0.47-0.67 EPS.
Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada raised their price target on shares of Jabil to $30.00 and gave the stock an average rating in a research note on Wednesday, December 19th. They noted that the move was a valuation call. ValuEngine upgraded shares of Jabil from a sell rating to a hold rating in a research note on Wednesday, November 28th. JPMorgan Chase & Co. decreased their price target on shares of Jabil from $37.00 to $34.00 and set a buy rating for the company in a research note on Wednesday, November 14th. Citigroup decreased their price target on shares of Jabil to $24.00 and set a sell rating for the company in a research note on Tuesday, November 27th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of Jabil from a hold rating to a strong-buy rating and set a $28.00 price target for the company in a research note on Tuesday, January 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Jabil presently has an average rating of Hold and a consensus price target of $28.20.
Jabil stock 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. Jabil has a 12-month low of $21.49 and a 12-month high of $31.77. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of 12.63, a P/E/G ratio of 0.93 and a beta of 0.61. The company has a current ratio of 1.02, a quick ratio of 0.62 and a debt-to-equity ratio of 1.31.
Jabil (NYSE:JBL) last released its quarterly earnings data on Tuesday, December 18th. The technology company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.21. Jabil had a net margin of 0.63% and a return on equity of 19.52%. The business had revenue of $6.51 billion during the quarter, compared to analyst estimates of $6.05 billion. During the same period in the previous year, the business earned $0.80 EPS. On average, equities research analysts forecast that Jabil will post 2.45 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 15th were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.17%. Jabil’s dividend payout ratio is 14.75%.
In related news, CEO Michael J. Loparco sold 5,000 shares of Jabil stock in a transaction that occurred on Friday, January 25th. The shares were sold at an average price of $25.67, for a total value of $128,350.00. Following the completion of the transaction, the chief executive officer now directly owns 296,943 shares in the company, valued at approximately $7,622,526.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas A. Sansone sold 15,000 shares of Jabil stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $28.50, for a total transaction of $427,500.00. Following the completion of the transaction, the director now owns 192,988 shares of the company’s stock, valued at $5,500,158. The disclosure for this sale can be found here. Insiders sold a total of 41,022 shares of company stock valued at $1,125,766 over the last quarter. 2.90% of the stock is owned by company insiders.
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Jabil Company Profile
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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