$0.94 EPS Expected for Jabil Inc (NYSE:JBL) This Quarter

Analysts expect that Jabil Inc (NYSE:JBL) will announce $0.94 earnings per share (EPS) for the current quarter, Zacks Investment Research 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 reported earnings per share of $0.90 in the same quarter last year, which suggests a positive year-over-year growth rate of 4.4%. The company is scheduled to report its next earnings report on Tuesday, December 17th.

On average, analysts expect that Jabil will report full year earnings of $3.43 per share for the current financial year, with EPS estimates ranging from $3.41 to $3.46. For the next financial year, analysts anticipate that the company will post earnings of $3.97 per share, with EPS estimates ranging from $3.92 to $4.02. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Jabil.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Tuesday, September 24th. The technology company reported $0.88 earnings per share 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 earnings per share. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis.

A number of research firms have recently issued reports on JBL. Argus boosted their target price on Jabil from $36.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. boosted their target price on Jabil from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday. Bank of America boosted their target price on Jabil from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Friday, October 4th. Zacks Investment Research lowered Jabil from a “hold” rating to a “sell” rating and set a $29.00 target price on the stock. in a report on Wednesday, June 19th. Finally, Citigroup raised Jabil from a “sell” rating to a “buy” rating and boosted their target price for the company from $27.00 to $36.00 in a report on Thursday, August 29th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Jabil currently has an average rating of “Hold” and an average price target of $33.67.

NYSE JBL traded up $0.32 on Friday, reaching $36.36. The stock had a trading volume of 646,056 shares, compared to its average volume of 1,340,711. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.62 and a current ratio of 0.98. Jabil has a 12-month low of $21.49 and a 12-month high of $36.68. The business’s 50-day moving average price is $32.42 and its 200 day moving average price is $29.85. The stock has a market cap of $5.45 billion, a P/E ratio of 20.09, a price-to-earnings-growth ratio of 1.20 and a beta of 0.97.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.88%. Jabil’s payout ratio is currently 17.68%.

In related news, 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 transaction of $210,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael J. Loparco sold 7,000 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $33.02, for a total value of $231,140.00. The disclosure for this sale can be found here. Insiders have sold 153,823 shares of company stock worth $5,197,645 in the last ninety days. 2.90% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. Greenwich Wealth Management LLC grew its holdings in Jabil by 1.3% during the second quarter. Greenwich Wealth Management LLC now owns 28,742 shares of the technology company’s stock worth $908,000 after acquiring an additional 356 shares during the period. GSA Capital Partners LLP boosted its position in Jabil by 0.6% during the second quarter. GSA Capital Partners LLP now owns 64,258 shares of the technology company’s stock worth $2,031,000 after purchasing an additional 388 shares in the last quarter. Advisory Services Network LLC boosted its position in Jabil by 57.1% during the second quarter. Advisory Services Network LLC now owns 1,238 shares of the technology company’s stock worth $39,000 after purchasing an additional 450 shares in the last quarter. Stephens Inc. AR boosted its position in Jabil by 7.6% during the second quarter. Stephens Inc. AR now owns 8,187 shares of the technology company’s stock worth $259,000 after purchasing an additional 580 shares in the last quarter. Finally, Putnam Investments LLC boosted its position in Jabil by 0.4% during the second quarter. Putnam Investments LLC now owns 144,700 shares of the technology company’s stock worth $4,573,000 after purchasing an additional 600 shares in the last quarter. 88.72% of the stock is currently owned by hedge funds and other institutional investors.

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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