Jabil (NYSE:JBL) Releases Q2 Earnings Guidance

Jabil (NYSE:JBL - Get Free Report) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.60-2.00 for the period, compared to the consensus estimate of $1.79. The company issued revenue guidance of $6.10-6.70 billion, compared to the consensus revenue estimate of $6.27 billion. Jabil also updated its FY 2025 guidance to 8.750-8.750 EPS.

Jabil Trading Up 7.3 %

JBL stock traded up $9.73 during trading on Wednesday, hitting $143.69. The company had a trading volume of 4,758,799 shares, compared to its average volume of 1,429,522. The stock has a market cap of $16.05 billion, a PE ratio of 13.04, a PEG ratio of 1.57 and a beta of 1.25. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66. The business has a 50-day moving average of $130.37 and a 200-day moving average of $117.96. Jabil has a one year low of $95.85 and a one year high of $156.94.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, beating analysts' consensus estimates of $1.88 by $0.12. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The business had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.61 billion. During the same period in the prior year, the firm posted $2.60 EPS. Jabil's quarterly revenue was down 16.6% compared to the same quarter last year. Research analysts predict that Jabil will post 7.89 earnings per share for the current fiscal year.

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend was Friday, November 15th. Jabil's payout ratio is 2.90%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on JBL. Stifel Nicolaus raised their target price on shares of Jabil from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. reduced 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. The Goldman Sachs Group upped their price objective on Jabil from $136.00 to $145.00 and gave the company a "buy" rating in a research report on Wednesday. StockNews.com raised shares of Jabil from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, November 27th. Finally, Bank of America raised their price target on shares of Jabil from $135.00 to $150.00 and gave the company a "buy" rating in a report on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $142.50.

Insider Buying and Selling at Jabil

In related news, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $118.70, for a total transaction of $474,800.00. Following the completion of the transaction, the executive vice president now directly owns 108,753 shares of the company's stock, valued at $12,908,981.10. This represents a 3.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Francis Mckay sold 11,755 shares of Jabil stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $121.71, for a total value of $1,430,701.05. Following the completion of the sale, the senior vice president now directly owns 41,507 shares in the company, valued at $5,051,816.97. This represents a 22.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,689 shares of company stock worth $5,377,431 over the last 90 days. Corporate insiders own 1.73% of the company's stock.

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).