Jabil (JBL) Posts Earnings Results, Beats Estimates By $0.01 EPS

Jabil (NYSE:JBL) announced its earnings results on Tuesday. The technology company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.01, Bloomberg Earnings reports. The company had revenue of $5.44 billion for the quarter, compared to analyst estimates of $4.90 billion. Jabil had a return on equity of 14.31% and a net margin of 0.60%. The firm’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 earnings per share.

Jabil stock traded up $0.08 during mid-day trading on Thursday, reaching $29.66. 2,463,287 shares of the company were exchanged, compared to its average volume of 1,955,036. Jabil has a 12 month low of $23.70 and a 12 month high of $31.77. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.04 and a quick ratio of 0.54. The firm has a market cap of $5.17 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 1.20 and a beta of 0.42.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Tuesday, May 15th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, May 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.08%. Jabil’s dividend payout ratio (DPR) is presently 17.30%.

A number of equities analysts have recently weighed in on JBL shares. Standpoint Research upgraded Jabil from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. Zacks Investment Research upgraded Jabil from a “sell” rating to a “hold” rating in a research note on Wednesday, May 16th. Finally, ValuEngine lowered Jabil from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $32.90.

In other Jabil news, SVP Sergio Cadavid sold 2,869 shares of the firm’s stock in a transaction on Friday, March 16th. The stock was sold at an average price of $30.00, for a total transaction of $86,070.00. Following the transaction, the senior vice president now owns 60,305 shares in the company, valued at approximately $1,809,150. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Thomas A. Sansone sold 15,000 shares of the firm’s stock in a transaction on Friday, March 16th. The stock was sold at an average price of $29.88, for a total value of $448,200.00. Following the transaction, the director now owns 184,188 shares in the company, valued at approximately $5,503,537.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,066 shares of company stock worth $2,213,441. Corporate insiders own 2.60% of the company’s stock.

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).

Earnings History for Jabil (NYSE:JBL)

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