Jabil (JBL) Announces Quarterly Earnings Results, Beats Expectations By $0.21 EPS

Jabil (NYSE:JBL) released its quarterly earnings data on Tuesday. The technology company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.21, Bloomberg Earnings reports. The business had revenue of $6.51 billion for the quarter, compared to analyst estimates of $6.05 billion. Jabil had a return on equity of 18.97% and a net margin of 0.63%. During the same period last year, the firm posted $0.80 earnings per share. Jabil updated its Q2 2019 guidance to $0.51-0.71 EPS.

Shares of JBL stock opened at $23.75 on Thursday. Jabil has a 12 month low of $21.49 and a 12 month high of $31.77. The stock has a market cap of $3.51 billion, a PE ratio of 10.94, a PEG ratio of 0.78 and a beta of 0.56. The company has a current ratio of 1.04, a quick ratio of 0.57 and a debt-to-equity ratio of 1.27.

The company also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Thursday, November 15th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Wednesday, November 14th. Jabil’s payout ratio is 14.75%.



JBL has been the topic of several research analyst reports. Royal Bank of Canada raised their price objective on Jabil to $30.00 and gave the company an “average” rating in a research note on Wednesday. They noted that the move was a valuation call. JPMorgan Chase & Co. reduced their price objective on Jabil from $37.00 to $34.00 and set a “buy” rating on the stock in a research note on Wednesday, November 14th. TheStreet lowered Jabil from a “b-” rating to a “c+” rating in a research note on Tuesday, October 9th. ValuEngine raised Jabil from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. Finally, Wolfe Research initiated coverage on Jabil in a research note on Tuesday, December 11th. They issued a “market perform” rating on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $28.25.

In other news, President William E. Peters sold 13,915 shares of Jabil stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $26.00, for a total transaction of $361,790.00. Following the sale, the president now directly owns 368,388 shares of the company’s stock, valued at $9,578,088. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Alessandro Parimbelli sold 20,500 shares of Jabil stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of $26.40, for a total value of $541,200.00. Following the sale, the chief executive officer now directly owns 339,811 shares in the company, valued at $8,971,010.40. The disclosure for this sale can be found here. Insiders have sold 78,330 shares of company stock worth $2,178,856 over the last three months. Insiders own 2.90% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. IMS Capital Management acquired a new stake in shares of Jabil during the third quarter valued at about $31,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in shares of Jabil by 0.7% during the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 330,153 shares of the technology company’s stock valued at $9,132,000 after purchasing an additional 2,200 shares in the last quarter. United Services Automobile Association boosted its stake in shares of Jabil by 1.2% during the second quarter. United Services Automobile Association now owns 258,319 shares of the technology company’s stock valued at $7,145,000 after purchasing an additional 3,172 shares in the last quarter. Vident Investment Advisory LLC boosted its stake in shares of Jabil by 2.3% during the second quarter. Vident Investment Advisory LLC now owns 141,946 shares of the technology company’s stock valued at $3,926,000 after purchasing an additional 3,204 shares in the last quarter. Finally, TD Asset Management Inc. raised its position in shares of Jabil by 20.0% during the second quarter. TD Asset Management Inc. now owns 21,600 shares of the technology company’s stock worth $597,000 after acquiring an additional 3,600 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

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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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Earnings History for Jabil (NYSE:JBL)

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