Zacks: Brokerages Anticipate Jabil Inc (JBL) Will Announce Earnings of $0.45 Per Share

Equities analysts expect Jabil Inc (NYSE:JBL) to report earnings per share (EPS) of $0.45 for the current quarter, according to Zacks. Four analysts have provided estimates for Jabil’s earnings, with estimates ranging from $0.44 to $0.45. Jabil posted earnings of $0.31 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 45.2%. The business is expected to report its next earnings report after the market closes on Thursday, June 14th.

According to Zacks, analysts expect that Jabil will report full-year earnings of $2.60 per share for the current financial year, with EPS estimates ranging from $2.57 to $2.63. For the next fiscal year, analysts expect that the business will report earnings of $2.96 per share, with EPS estimates ranging from $2.91 to $3.00. Zacks’ EPS calculations are an average based on a survey of research firms that follow Jabil.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Thursday, March 15th. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.04. The company had revenue of $5.30 billion for the quarter, compared to analyst estimates of $4.91 billion. Jabil had a net margin of 0.60% and a return on equity of 14.31%. Jabil’s revenue was up 19.2% compared to the same quarter last year. During the same period last year, the company posted $0.48 earnings per share.

JBL has been the topic of several research reports. Standpoint Research raised shares of Jabil from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. ValuEngine lowered shares of Jabil from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, Zacks Investment Research raised shares of Jabil from a “sell” rating to a “hold” rating in a report on Wednesday, May 16th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. Jabil has a consensus rating of “Hold” and an average price target of $32.90.

In other news, EVP Erich Hoch sold 2,029 shares of the business’s stock in a transaction on Thursday, March 22nd. The shares were sold at an average price of $29.80, for a total transaction of $60,464.20. Following the sale, the executive vice president now directly owns 204,325 shares of the company’s stock, valued at $6,088,885. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas A. Sansone sold 15,000 shares of the business’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $29.88, for a total transaction of $448,200.00. Following the sale, the director now directly owns 184,188 shares in the company, valued at $5,503,537.44. The disclosure for this sale can be found here. Insiders have sold 77,066 shares of company stock worth $2,213,441 over the last three months. Corporate insiders own 2.60% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. LPL Financial LLC grew its position in shares of Jabil by 29.1% in the fourth quarter. LPL Financial LLC now owns 9,093 shares of the technology company’s stock valued at $239,000 after purchasing an additional 2,050 shares in the last quarter. New York State Common Retirement Fund lifted its position in Jabil by 0.4% in the 1st quarter. New York State Common Retirement Fund now owns 535,343 shares of the technology company’s stock valued at $15,380,000 after acquiring an additional 2,325 shares in the last quarter. Profund Advisors LLC lifted its holdings in shares of Jabil by 11.9% during the 4th quarter. Profund Advisors LLC now owns 21,838 shares of the technology company’s stock valued at $573,000 after buying an additional 2,329 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Jabil by 47.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,907 shares of the technology company’s stock valued at $234,000 after buying an additional 2,853 shares during the period. Finally, LS Investment Advisors LLC lifted its holdings in shares of Jabil by 26.9% during the 4th quarter. LS Investment Advisors LLC now owns 17,629 shares of the technology company’s stock valued at $463,000 after buying an additional 3,734 shares during the period. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Jabil traded down $0.07, hitting $29.51, during trading on Monday, MarketBeat Ratings reports. 21,026 shares of the company’s stock traded hands, compared to its average volume of 1,942,087. The firm has a market cap of $5.17 billion, a price-to-earnings ratio of 15.90, a PEG 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 1 year low of $23.70 and a 1 year high of $31.77.

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

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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