Jabil (JBL) Posts Quarterly Earnings Results

Jabil (NYSE:JBL) posted its earnings results on Tuesday. The technology company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.01, RTT News reports. The firm had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $4.90 billion. Jabil had a return on equity of 14.31% and a net margin of 0.60%. The business’s quarterly revenue was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.31 earnings per share.

Jabil traded up $0.08, reaching $29.66, during trading on Thursday, according to Marketbeat. The stock had a trading volume of 2,145,619 shares, compared to its average volume of 1,954,903. The stock has a market cap of $5.17 billion, a PE ratio of 15.96, a P/E/G ratio of 1.20 and a beta of 0.42. The company has a quick ratio of 0.54, a current ratio of 1.04 and a debt-to-equity ratio of 0.95. Jabil has a one year low of $23.70 and a one year high of $31.77.

The company also recently announced a quarterly dividend, which was paid on Friday, June 1st. Investors of record on Tuesday, May 15th were paid a $0.08 dividend. 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 is presently 17.30%.

In related news, Director Thomas A. Sansone sold 15,000 shares of the 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 of the company’s stock, valued at $5,503,537.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Sergio Cadavid sold 2,869 shares of the stock in a transaction on Friday, March 16th. The shares were sold at an average price of $30.00, for a total value of $86,070.00. Following the completion of the transaction, the senior vice president now directly owns 60,305 shares in the company, valued at approximately $1,809,150. The disclosure for this sale can be found here. In the last three months, insiders sold 77,066 shares of company stock worth $2,213,441. 2.60% of the stock is owned by insiders.

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

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).

Earnings History for Jabil (NYSE:JBL)

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