Jabil (NYSE:JBL) Announces Quarterly Earnings Results

Jabil (NYSE:JBL - Get Free Report) released its quarterly earnings results on Thursday. The technology company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.11, Briefing.com reports. The company had revenue of $6.73 billion during the quarter, compared to analysts' expectations of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.68 earnings per share.

Jabil Price Performance

Shares of JBL traded up $4.67 during trading hours on Monday, hitting $149.89. 1,477,887 shares of the company were exchanged, compared to its average volume of 1,392,336. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. The company has a market capitalization of $16.36 billion, a PE ratio of 14.37, a PEG ratio of 1.65 and a beta of 1.19. The firm has a fifty day simple moving average of $155.89 and a 200-day simple moving average of $138.73. Jabil has a one year low of $95.85 and a one year high of $174.80.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.08 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.32 annualized dividend and a dividend yield of 0.21%. Jabil's dividend payout ratio is currently 3.07%.

Insider Transactions at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the business's stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $149.81, for a total transaction of $599,240.00. Following the sale, the executive vice president now owns 138,472 shares in the company, valued at approximately $20,744,490.32. The trade was a 2.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven A. Raymund sold 20,000 shares of the firm's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the completion of the transaction, the director now owns 119,108 shares of the company's stock, valued at approximately $18,021,040.40. The trade was a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 77,400 shares of company stock valued at $12,804,458 over the last three months. Company insiders own 1.73% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus reaffirmed a "buy" rating and issued a $160.00 price objective (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. StockNews.com raised shares of Jabil from a "hold" rating to a "buy" rating in a research note on Friday. Barclays boosted their target price on Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a report on Friday. JPMorgan Chase & Co. increased their price target on Jabil from $172.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday. Finally, The Goldman Sachs Group boosted their price objective on Jabil from $160.00 to $179.00 and gave the stock a "buy" rating in a research note on Monday, February 24th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Jabil currently has a consensus rating of "Moderate Buy" and an average price target of $167.50.

About Jabil

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).