Jabil (NYSE:JBL) Releases Earnings Results, Beats Expectations By $0.08 EPS

Jabil (NYSE:JBL) announced its earnings results on Thursday. The technology company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.22 by $0.08, Briefing.com reports. The company had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.59 billion. Jabil had a return on equity of 40.30% and a net margin of 4.63%. The firm’s revenue for the quarter was down 17.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.34 EPS.

Jabil Stock Down 3.4 %

NYSE:JBL traded down $4.31 during trading hours on Friday, reaching $122.34. The company’s stock had a trading volume of 2,053,555 shares, compared to its average volume of 1,494,039. The stock has a 50 day moving average price of $107.42 and a two-hundred day moving average price of $116.72. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.74 and a current ratio of 1.13. The company has a market capitalization of $13.88 billion, a P/E ratio of 11.13, a price-to-earnings-growth ratio of 2.23 and a beta of 1.25. Jabil has a 12 month low of $95.85 and a 12 month high of $156.94.

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.26%. Jabil’s dividend payout ratio is presently 2.91%.

Analysts Set New Price Targets

JBL has been the topic of a number of analyst reports. Stifel Nicolaus boosted their price objective on Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday. Barclays upped their price objective on shares of Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research note on Friday. UBS Group dropped their target price on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating on the stock in a report on Friday, June 21st. JPMorgan Chase & Co. dropped their target price on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Finally, Bank of America increased their price target on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $145.75.

Insider Transactions at Jabil

In other news, SVP May Yee Yap sold 4,274 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $117.04, for a total transaction of $500,228.96. Following the sale, the senior vice president now owns 24,829 shares in the company, valued at $2,905,986.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Jabil news, EVP Frederic E. Mccoy sold 1,250 shares of Jabil stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $116.42, for a total transaction of $145,525.00. Following the completion of the sale, the executive vice president now directly owns 112,753 shares in the company, valued at approximately $13,126,704.26. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP May Yee Yap sold 4,274 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $117.04, for a total transaction of $500,228.96. Following the completion of the sale, the senior vice president now owns 24,829 shares in the company, valued at approximately $2,905,986.16. The disclosure for this sale can be found here. Corporate insiders own 2.62% of the company’s stock.

Jabil Company Profile

Jabil Inc provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; 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).