Jabil (JBL) Set to Announce Earnings on Wednesday

Jabil (NYSE:JBL) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, December 13th. Analysts expect Jabil to post earnings of $0.83 per share for the quarter. Jabil has set its Q1 guidance at $0.65-0.91 EPS and its FY18 guidance at $2.60 EPS.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Wednesday, September 27th. The technology company reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.03. The company had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.86 billion. Jabil had a net margin of 0.68% and a return on equity of 14.47%. Jabil’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter last year, the business earned $0.28 EPS. On average, analysts expect Jabil to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Jabil (NYSE:JBL) opened at $28.40 on Tuesday. The firm has a market cap of $4,924.81, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 1.05 and a beta of 0.55. Jabil has a 1-year low of $21.31 and a 1-year high of $31.70. The company has a quick ratio of 0.54, a current ratio of 0.96 and a debt-to-equity ratio of 0.69.

The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were issued a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.13%. Jabil’s dividend payout ratio (DPR) is presently 46.38%.

In other news, CEO Mark T. Mondello sold 30,000 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $28.48, for a total value of $854,400.00. Following the transaction, the chief executive officer now owns 1,836,889 shares of the company’s stock, valued at approximately $52,314,598.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO William D. Muir, Jr. sold 26,420 shares of the firm’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $28.00, for a total transaction of $739,760.00. Following the completion of the transaction, the chief operating officer now directly owns 341,840 shares in the company, valued at approximately $9,571,520. The disclosure for this sale can be found here. In the last three months, insiders sold 147,680 shares of company stock worth $4,204,246. Insiders own 2.90% of the company’s stock.

A number of equities analysts have weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $37.00 price target on shares of Jabil in a report on Friday, September 1st. ValuEngine upgraded shares of Jabil from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 7th. Goldman Sachs Group lowered shares of Jabil from a “neutral” rating to a “sell” rating and decreased their price target for the company from $28.00 to $26.00 in a report on Tuesday, October 10th. Bank of America lowered shares of Jabil from a “buy” rating to a “neutral” rating in a report on Monday, September 25th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of Jabil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 28th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $30.50.

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Jabil Company Profile

Jabil Inc, formerly Jabil Circuit, Inc, provides electronic manufacturing services and solutions throughout the world. The Company operates in two segments, which include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The Company’s EMS segment is focused on leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics, sharing of its large scale manufacturing infrastructure and the ability to serve a range of markets.

Earnings History for Jabil (NYSE:JBL)

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