Brokerages expect that Jabil Inc (NYSE:JBL) will announce earnings of $0.94 per share for the current quarter, Zacks reports. Three analysts have made estimates for Jabil’s earnings, with the lowest EPS estimate coming in at $0.93 and the highest estimate coming in at $0.95. Jabil posted earnings of $0.90 per share in the same quarter last year, which suggests a positive year over year growth rate of 4.4%. The business is scheduled to report its next quarterly earnings results on Tuesday, December 17th.
According to Zacks, analysts expect that Jabil will report full-year earnings of $3.43 per share for the current fiscal year, with EPS estimates ranging from $3.41 to $3.46. For the next fiscal year, analysts forecast that the business will report earnings of $3.97 per share, with EPS estimates ranging from $3.92 to $4.02. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Jabil.
Jabil (NYSE:JBL) last posted its quarterly earnings data on Tuesday, September 24th. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.02. Jabil had a return on equity of 15.90% and a net margin of 1.14%. The company had revenue of $6.57 billion during the quarter, compared to analysts’ expectations of $6.63 billion. During the same quarter in the previous year, the business earned $0.70 EPS. Jabil’s revenue was up 13.9% compared to the same quarter last year.
A number of equities analysts recently issued reports on JBL shares. ValuEngine cut Jabil from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Citigroup upgraded Jabil from a “sell” rating to a “buy” rating and boosted their price objective for the company from $27.00 to $36.00 in a report on Thursday, August 29th. Argus boosted their price objective on Jabil from $36.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Stifel Nicolaus boosted their price objective on Jabil from $30.00 to $34.00 and gave the company a “hold” rating in a report on Wednesday, September 25th. Finally, Bank of America boosted their price objective on Jabil from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $33.22.
JBL traded up $0.59 during trading hours on Friday, reaching $35.44. 1,246,740 shares of the company’s stock traded hands, compared to its average volume of 2,120,099. The firm has a 50-day moving average price of $31.54 and a 200 day moving average price of $29.63. Jabil has a 52-week low of $21.49 and a 52-week high of $36.14. The company has a quick ratio of 0.62, a current ratio of 0.98 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $5.38 billion, a PE ratio of 19.58, a PEG ratio of 1.18 and a beta of 0.97.
In other Jabil news, EVP Courtney J. Ryan sold 10,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $32.00, for a total value of $320,000.00. Following the completion of the sale, the executive vice president now directly owns 307,413 shares in the company, valued at approximately $9,837,216. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Bruce Allan Johnson sold 6,000 shares of the company’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $35.00, for a total value of $210,000.00. The disclosure for this sale can be found here. Insiders sold a total of 144,100 shares of company stock valued at $4,845,478 over the last quarter. Company insiders own 2.90% of the company’s stock.
Several hedge funds have recently modified their holdings of JBL. Arcadia Investment Management Corp MI purchased a new stake in shares of Jabil in the 2nd quarter worth $28,000. Private Capital Group LLC lifted its holdings in shares of Jabil by 1,804.5% in the 2nd quarter. Private Capital Group LLC now owns 1,276 shares of the technology company’s stock worth $35,000 after buying an additional 1,209 shares during the period. Advisory Services Network LLC lifted its holdings in shares of Jabil by 57.1% in the 2nd quarter. Advisory Services Network LLC now owns 1,238 shares of the technology company’s stock worth $39,000 after buying an additional 450 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in shares of Jabil in the 2nd quarter worth $42,000. Finally, Doyle Wealth Management bought a new position in shares of Jabil in the 2nd quarter worth $93,000. Institutional investors and hedge funds own 88.70% of the company’s stock.
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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