Equities research analysts predict that Jabil Inc (NYSE:JBL) will announce earnings per share (EPS) of $0.45 for the current fiscal quarter, Zacks reports. Four analysts have issued 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 indicates a positive year-over-year growth rate of 45.2%. The firm is expected to report its next earnings report after the market closes on Thursday, June 14th.
On average, analysts expect that Jabil will report full year earnings of $2.60 per share for the current year, with EPS estimates ranging from $2.57 to $2.63. For the next year, analysts anticipate that the company will report earnings of $2.96 per share, with EPS estimates ranging from $2.91 to $3.00. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Jabil.
Jabil (NYSE:JBL) last announced its quarterly earnings data on Thursday, March 15th. The technology company reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.04. Jabil had a net margin of 0.60% and a return on equity of 14.31%. The business had revenue of $5.30 billion during the quarter, compared to the consensus estimate of $4.91 billion. During the same quarter last year, the firm earned $0.48 earnings per share. The firm’s quarterly revenue was up 19.2% compared to the same quarter last year.
Shares of Jabil traded down $0.07, hitting $29.51, on Monday, Marketbeat.com reports. 21,026 shares of the company traded hands, compared to its average volume of 1,942,087. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.54 and a current ratio of 1.04. Jabil has a 52 week low of $23.70 and a 52 week high of $31.77. The company has a market capitalization of $5.17 billion, a PE ratio of 15.90, a P/E/G ratio of 1.20 and a beta of 0.42.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 1st. Investors of record on Tuesday, May 15th were given a dividend of $0.08 per share. The ex-dividend date 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 other Jabil news, President William E. Peters sold 13,915 shares of the company’s stock in a transaction dated Friday, June 1st. The shares were sold at an average price of $28.64, for a total value of $398,525.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Sergio Cadavid sold 2,869 shares of the company’s stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $30.00, for a total transaction of $86,070.00. Following the completion of the transaction, the senior vice president now owns 60,305 shares of the company’s stock, valued at approximately $1,809,150. The disclosure for this sale can be found here. Insiders have sold 77,066 shares of company stock valued at $2,213,441 over the last 90 days. 2.60% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its position in shares of Jabil by 1.1% in the first quarter. BlackRock Inc. now owns 15,851,481 shares of the technology company’s stock worth $455,414,000 after acquiring an additional 177,692 shares during the period. LSV Asset Management raised its position in shares of Jabil by 5.9% in the first quarter. LSV Asset Management now owns 5,005,332 shares of the technology company’s stock worth $143,803,000 after acquiring an additional 280,123 shares during the period. Fairpointe Capital LLC increased its stake in shares of Jabil by 12.6% during the fourth quarter. Fairpointe Capital LLC now owns 4,149,256 shares of the technology company’s stock worth $108,918,000 after purchasing an additional 465,246 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Jabil by 31.8% during the fourth quarter. Bank of New York Mellon Corp now owns 3,167,430 shares of the technology company’s stock worth $83,147,000 after purchasing an additional 763,647 shares in the last quarter. Finally, Frontier Capital Management Co. LLC increased its stake in shares of Jabil by 2.8% during the first quarter. Frontier Capital Management Co. LLC now owns 2,374,546 shares of the technology company’s stock worth $68,221,000 after purchasing an additional 64,755 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.
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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