Jabil (NYSE:JBL - Get Free Report) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.08-2.48 for the period, compared to the consensus estimate of $2.22. The company issued revenue guidance of $6.7-7.3 billion, compared to the consensus revenue estimate of $6.74 billion. Jabil also updated its FY 2025 guidance to 8.950-8.950 EPS.
Analyst Ratings Changes
A number of research analysts have recently commented on JBL shares. JPMorgan Chase & Co. upped their price target on Jabil from $172.00 to $175.00 and gave the company an "overweight" rating in a research report on Friday. StockNews.com raised shares of Jabil from a "hold" rating to a "buy" rating in a research report on Friday. UBS Group raised their price objective on shares of Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a report on Friday. Stifel Nicolaus reiterated a "buy" rating and issued a $160.00 price objective (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Finally, Barclays increased their target price on Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research report on Friday. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $167.50.
Check Out Our Latest Stock Analysis on Jabil
Jabil Price Performance
NYSE:JBL traded up $4.67 during mid-day trading on Monday, hitting $149.89. 1,477,887 shares of the stock traded hands, compared to its average volume of 1,392,336. The business's 50-day moving average price is $155.89 and its 200 day moving average price is $138.73. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The company has a market cap of $16.36 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19. Jabil has a 12-month low of $95.85 and a 12-month high of $174.80.
Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.83 by $0.11. The firm had revenue of $6.73 billion during the quarter, compared to the consensus estimate of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business's quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the firm earned $1.68 EPS. On average, analysts expect that Jabil will post 8.05 EPS for the current fiscal year.
Jabil Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a $0.08 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a yield of 0.21%. Jabil's dividend payout ratio is currently 3.07%.
Insider Activity
In other news, Director Christopher S. Holland sold 3,400 shares of the firm's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $162.27, for a total transaction of $551,718.00. Following the sale, the director now owns 12,900 shares in the company, valued at approximately $2,093,283. This trade represents a 20.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Steven A. Raymund sold 20,000 shares of the company's stock in a transaction on 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 $18,021,040.40. This trade represents a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 77,400 shares of company stock worth $12,804,458. 1.73% of the stock is currently owned by insiders.
Jabil Company Profile
(
Get Free Report)
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).
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