Jabil (JBL) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Jabil (NYSE:JBL) posted its earnings results on Tuesday. The technology company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.01, RTT News reports. The company had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $4.90 billion. Jabil had a return on equity of 14.31% and a net margin of 0.60%. Jabil’s quarterly revenue was up 21.1% on a year-over-year basis. During the same period last year, the firm earned $0.31 earnings per share.

Shares of Jabil traded up $0.08, hitting $29.66, during trading hours on Thursday, Marketbeat Ratings reports. 2,145,619 shares of the company’s stock traded hands, compared to its average volume of 1,954,903. Jabil has a 12-month low of $23.70 and a 12-month high of $31.77. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 1.20 and a beta of 0.42. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.54 and a current ratio of 1.04.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Tuesday, May 15th were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, May 14th. This represents a $0.32 annualized dividend and a yield of 1.08%. Jabil’s dividend payout ratio (DPR) is presently 17.30%.

In other news, EVP Erich Hoch sold 2,029 shares of Jabil stock in a transaction that occurred on Thursday, March 22nd. The shares were sold at an average price of $29.80, for a total transaction of $60,464.20. Following the completion of the transaction, the executive vice president now directly owns 204,325 shares in the company, valued at $6,088,885. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Sergio Cadavid sold 2,869 shares of Jabil stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $30.00, for a total transaction of $86,070.00. Following the transaction, the senior vice president now owns 60,305 shares of the company’s stock, valued at $1,809,150. The disclosure for this sale can be found here. Insiders have sold 77,066 shares of company stock valued at $2,213,441 over the last quarter. Company insiders own 2.60% of the company’s stock.

JBL has been the subject of several research analyst reports. Standpoint Research upgraded shares of Jabil from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. ValuEngine lowered shares of Jabil from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, Zacks Investment Research upgraded shares of Jabil from a “sell” rating to a “hold” rating in a report on Wednesday, May 16th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $32.90.

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).

Earnings History for Jabil (NYSE:JBL)

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