$8.21 Billion in Sales Expected for Jabil Inc. (NYSE:JBL) This Quarter

Equities research analysts forecast that Jabil Inc. (NYSE:JBLGet Rating) will announce $8.21 billion in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Jabil’s earnings. The lowest sales estimate is $8.20 billion and the highest is $8.21 billion. Jabil reported sales of $7.21 billion in the same quarter last year, which would suggest a positive year over year growth rate of 13.9%. The business is expected to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Jabil will report full-year sales of $32.61 billion for the current financial year, with estimates ranging from $32.59 billion to $32.63 billion. For the next financial year, analysts forecast that the company will report sales of $34.02 billion, with estimates ranging from $33.59 billion to $34.31 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Jabil.

Jabil (NYSE:JBLGet Rating) last announced its earnings results on Wednesday, March 16th. The technology company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.47 by $0.21. The business had revenue of $7.55 billion during the quarter, compared to the consensus estimate of $7.44 billion. Jabil had a return on equity of 36.62% and a net margin of 2.63%. Jabil’s revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.99 earnings per share.

Several research firms recently weighed in on JBL. Citigroup reissued a “top pick” rating and set a $90.00 price target on shares of Jabil in a research report on Thursday, March 17th. Zacks Investment Research raised Jabil from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Monday, March 21st. Finally, StockNews.com raised Jabil from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 15th. Five equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $77.14.

In other news, CEO Mark T. Mondello sold 12,000 shares of the stock in a transaction dated Monday, April 4th. The stock was sold at an average price of $62.20, for a total transaction of $746,400.00. Following the transaction, the chief executive officer now owns 2,055,589 shares of the company’s stock, valued at approximately $127,857,635.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.59% of the company’s stock.

A number of large investors have recently made changes to their positions in JBL. Norges Bank bought a new stake in Jabil during the 4th quarter valued at approximately $97,492,000. Simcoe Capital Management LLC bought a new stake in Jabil during the 4th quarter valued at approximately $51,965,000. BlackRock Inc. boosted its stake in Jabil by 3.2% during the 3rd quarter. BlackRock Inc. now owns 12,174,914 shares of the technology company’s stock valued at $710,649,000 after purchasing an additional 383,062 shares during the period. Allianz Asset Management GmbH lifted its position in shares of Jabil by 102.6% in the 3rd quarter. Allianz Asset Management GmbH now owns 556,075 shares of the technology company’s stock worth $32,459,000 after acquiring an additional 281,634 shares during the period. Finally, Millennium Management LLC lifted its position in shares of Jabil by 21.5% in the 3rd quarter. Millennium Management LLC now owns 1,457,849 shares of the technology company’s stock worth $85,095,000 after acquiring an additional 257,615 shares during the period. Hedge funds and other institutional investors own 88.15% of the company’s stock.

NYSE:JBL opened at $58.31 on Tuesday. The firm has a market capitalization of $8.23 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 0.77 and a beta of 1.42. Jabil has a 1-year low of $50.85 and a 1-year high of $72.11. The company has a current ratio of 1.01, a quick ratio of 0.55 and a debt-to-equity ratio of 1.02. The business’s fifty day moving average price is $58.74 and its 200 day moving average price is $62.13.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 2nd. Stockholders of record on Monday, May 16th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Friday, May 13th. Jabil’s dividend payout ratio is 5.90%.

Jabil Company Profile (Get Rating)

Jabil Inc provides manufacturing services and solutions worldwide. The company operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides electronic 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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