Jabil (NYSE:JBL) updated its third quarter earnings guidance on Thursday. The company provided EPS guidance of $0.47-0.67 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.57. The company issued revenue guidance of $5.7-6.3 billion, compared to the consensus revenue estimate of $5.95 billion.Jabil also updated its Q3 2019 guidance to $0.47-0.67 EPS.
Several research firms have weighed in on JBL. TheStreet raised shares of Jabil from a c+ rating to a b rating in a research note on Monday, February 25th. ValuEngine raised shares of Jabil from a sell rating to a hold rating in a research note on Wednesday, November 28th. Citigroup lowered their price target on shares of Jabil to $24.00 and set a sell rating for the company in a research note on Tuesday, November 27th. They noted that the move was a valuation call. JPMorgan Chase & Co. lowered their price target on shares of Jabil from $37.00 to $34.00 and set a buy rating for the company in a research note on Wednesday, November 14th. Finally, Zacks Investment Research raised shares of Jabil from a hold rating to a strong-buy rating and set a $28.00 price target for the company in a research note on Tuesday, January 15th. One analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $28.20.
Jabil stock traded down $0.25 during mid-day trading on Thursday, hitting $27.41. The company’s stock had a trading volume of 1,600,152 shares, compared to its average volume of 1,493,758. The company has a quick ratio of 0.62, a current ratio of 1.02 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $4.23 billion, a PE ratio of 12.63, a P/E/G ratio of 0.93 and a beta of 0.61. Jabil has a 12 month low of $21.49 and a 12 month high of $31.77.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 15th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Thursday, February 14th. Jabil’s dividend payout ratio is presently 14.75%.
In other news, CEO Michael J. Loparco sold 5,000 shares of the company’s stock in a transaction dated Friday, January 25th. The shares were sold at an average price of $25.67, for a total transaction of $128,350.00. Following the completion of the transaction, the chief executive officer now directly owns 296,943 shares of the company’s stock, valued at $7,622,526.81. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas A. Sansone sold 15,000 shares of the company’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $28.50, for a total transaction of $427,500.00. Following the transaction, the director now directly owns 192,988 shares of the company’s stock, valued at $5,500,158. The disclosure for this sale can be found here. Insiders sold 41,022 shares of company stock valued at $1,125,766 over the last three months. 2.90% of the stock is currently owned by insiders.
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Jabil Company Profile
Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides 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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