Jabil (NYSE:JBL) Issues Earnings Results, Beats Expectations By $0.11 EPS

Jabil (NYSE:JBL - Get Free Report) posted its quarterly earnings data on Thursday. The technology company reported $1.94 earnings per share 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%. Jabil's revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.68 earnings per share.

Jabil Stock Performance

Shares of JBL stock traded up $4.67 during trading on Monday, reaching $149.89. 1,477,835 shares of the company's stock were exchanged, compared to its average volume of 1,392,336. The firm's fifty day moving average price is $155.96 and its 200-day moving average price is $138.39. Jabil has a twelve month low of $95.85 and a twelve month high of $174.80. The stock 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 company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

Jabil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.21%. Jabil's payout ratio is 3.07%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Barclays boosted their price objective on shares of Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research report on Friday. Stifel Nicolaus reissued a "buy" rating and set a $160.00 price target (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. UBS Group raised their price objective on Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a report on Friday. StockNews.com upgraded Jabil from a "hold" rating to a "buy" rating in a report on Friday. Finally, JPMorgan Chase & Co. raised their price target on Jabil from $172.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Jabil presently has a consensus rating of "Moderate Buy" and a consensus price target of $167.50.

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Insiders Place Their Bets

In other news, EVP Frederic E. Mccoy sold 4,000 shares of the business's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total transaction of $599,240.00. Following the completion of the sale, the executive vice president now owns 138,472 shares in the company, valued at $20,744,490.32. The trade was a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John C. Plant sold 50,000 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $172.55, for a total value of $8,627,500.00. Following the transaction, the director now owns 5,900 shares in the company, valued at approximately $1,018,045. This trade represents a 89.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,400 shares of company stock valued at $12,804,458 over the last ninety days. 1.73% of the stock is currently owned by company insiders.

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).