$0.94 Earnings Per Share Expected for Jabil Inc (NYSE:JBL) This Quarter

Equities analysts expect that Jabil Inc (NYSE:JBL) will post earnings per share (EPS) of $0.94 for the current quarter, according to Zacks Investment Research. 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 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 issue its next earnings results on Tuesday, December 17th.

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

Jabil (NYSE:JBL) last announced its quarterly earnings results 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 business had revenue of $6.57 billion for the quarter, compared to the consensus estimate of $6.63 billion. During the same period last year, the business posted $0.70 EPS. The business’s revenue was up 13.9% compared to the same quarter last year.

A number of research analysts have recently issued reports on JBL shares. Bank of America lifted their price target on Jabil from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Friday, October 4th. ValuEngine downgraded Jabil from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. lifted their price target on Jabil from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Stifel Nicolaus lifted their price target on Jabil from $30.00 to $34.00 and gave the company a “hold” rating in a report on Wednesday, September 25th. Finally, Argus lifted their price target on Jabil from $36.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $34.56.

Shares of NYSE:JBL traded up $0.05 on Monday, reaching $39.17. The company had a trading volume of 11,872 shares, compared to its average volume of 1,382,769. Jabil has a 52-week low of $21.49 and a 52-week high of $39.24. The firm’s 50 day simple moving average is $35.52 and its 200-day simple moving average is $30.68. The firm has a market capitalization of $5.87 billion, a PE ratio of 21.62, a PEG ratio of 1.29 and a beta of 0.97. The company has a current ratio of 0.98, a quick ratio of 0.62 and a debt-to-equity ratio of 1.12.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.32 annualized dividend and a yield of 0.82%. Jabil’s dividend payout ratio (DPR) is 17.68%.

In other Jabil news, CEO Steven D. Borges sold 10,000 shares of Jabil stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $38.01, for a total transaction of $380,100.00. Following the completion of the sale, the chief executive officer now owns 197,837 shares of the company’s stock, valued at approximately $7,519,784.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Alessandro Parimbelli sold 9,723 shares of Jabil stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $36.22, for a total value of $352,167.06. Following the sale, the chief executive officer now directly owns 293,073 shares of the company’s stock, valued at approximately $10,615,104.06. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 220,898 shares of company stock valued at $7,684,410. 2.90% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Catalyst Capital Advisors LLC acquired a new position in shares of Jabil in the 3rd quarter valued at about $787,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of Jabil by 12.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 86,173 shares of the technology company’s stock valued at $3,083,000 after buying an additional 9,592 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Jabil by 78.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,007 shares of the technology company’s stock valued at $108,000 after buying an additional 1,326 shares during the period. First Trust Advisors LP lifted its holdings in shares of Jabil by 75.8% in the 3rd quarter. First Trust Advisors LP now owns 1,274,169 shares of the technology company’s stock valued at $45,577,000 after buying an additional 549,272 shares during the period. Finally, Mackay Shields LLC lifted its holdings in shares of Jabil by 32.9% in the 3rd quarter. Mackay Shields LLC now owns 669,039 shares of the technology company’s stock valued at $23,931,000 after buying an additional 165,719 shares during the period. 88.76% of the stock is owned by 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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