Jabil Inc. Declares Quarterly Dividend of $0.08 (NYSE:JBL)

Jabil Inc. (NYSE:JBL - Get Free Report) declared a quarterly dividend on Thursday, October 17th, Wall Street Journal reports. Investors of record on Friday, November 15th will be given a dividend of 0.08 per share by the technology company on Tuesday, December 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend is Friday, November 15th.

Jabil has a payout ratio of 3.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Jabil to earn $8.99 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 3.6%.

Jabil Stock Up 0.3 %

Jabil stock traded up $0.37 during mid-day trading on Friday, hitting $126.29. The company had a trading volume of 1,108,659 shares, compared to its average volume of 1,475,977. The stock's 50 day moving average price is $112.30 and its two-hundred day moving average price is $115.55. The company has a market capitalization of $14.33 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 1.46 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. Jabil has a 12 month low of $95.85 and a 12 month high of $156.94.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings data on Thursday, September 26th. The technology company reported $2.30 EPS for the quarter, beating analysts' consensus estimates of $2.22 by $0.08. The company had revenue of $6.96 billion during the quarter, compared to analysts' expectations of $6.59 billion. Jabil had a return on equity of 42.64% and a net margin of 4.81%. Jabil'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 business earned $2.34 earnings per share. As a group, sell-side analysts anticipate that Jabil will post 7.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Bank of America upped their target price on shares of Jabil from $135.00 to $150.00 and gave the company a "buy" rating in a report on Friday, September 27th. JPMorgan Chase & Co. decreased 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. Barclays lifted their target price on Jabil from $135.00 to $157.00 and gave the company an "overweight" rating in a research report on Friday, September 27th. UBS Group reduced their price target on Jabil from $130.00 to $120.00 and set a "neutral" rating for the company in a research report on Friday, June 21st. Finally, Stifel Nicolaus raised their price objective on Jabil from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $143.50.

Insiders Place Their Bets

In other news, EVP Frederic E. Mccoy sold 4,000 shares of the business's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $118.70, for a total value of $474,800.00. Following the transaction, the executive vice president now directly owns 108,753 shares in the company, valued at $12,908,981.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Matthew Crowley sold 1,380 shares of the firm's stock in a transaction on Friday, October 18th. The shares were sold at an average price of $125.83, for a total transaction of $173,645.40. Following the completion of the transaction, the executive vice president now directly owns 18,568 shares of the company's stock, valued at approximately $2,336,411.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Frederic E. Mccoy sold 4,000 shares of Jabil stock in a transaction on 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 sale, the executive vice president now owns 108,753 shares in the company, valued at approximately $12,908,981.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.62% of the stock is currently owned by company insiders.

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).