$1.62 EPS Expected for Jabil Inc. (NYSE:JBL) This Quarter

Equities analysts forecast that Jabil Inc. (NYSE:JBLGet Rating) will post $1.62 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Jabil’s earnings. The lowest EPS estimate is $1.60 and the highest is $1.67. Jabil reported earnings per share of $1.30 during the same quarter last year, which would indicate a positive year over year growth rate of 24.6%. The company is scheduled to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Jabil will report full-year earnings of $7.25 per share for the current fiscal year, with EPS estimates ranging from $7.12 to $7.35. For the next fiscal year, analysts forecast that the company will post earnings of $7.72 per share, with EPS estimates ranging from $7.37 to $8.07. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Jabil.

Jabil (NYSE:JBLGet Rating) last released its quarterly earnings results on Wednesday, March 16th. The technology company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.24. Jabil had a net margin of 2.63% and a return on equity of 36.62%. The business had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.44 billion. During the same period in the previous year, the company earned $0.99 earnings per share. The business’s revenue for the quarter was up 10.6% on a year-over-year basis.

Several equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Jabil from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Monday, March 21st. StockNews.com raised shares of Jabil from a “buy” rating to a “strong-buy” rating in a report on Friday, April 15th. Finally, Citigroup reaffirmed a “top pick” rating and issued a $90.00 price target on shares of Jabil in a report on Thursday, March 17th. Five research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company presently 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 business’s stock in a transaction on Monday, April 4th. The shares were sold at an average price of $62.20, for a total transaction of $746,400.00. Following the sale, the chief executive officer now directly owns 2,055,589 shares of the company’s stock, valued at $127,857,635.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.59% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. Renaissance Technologies LLC purchased a new stake in Jabil in the first quarter valued at $4,766,000. Verition Fund Management LLC boosted its holdings in Jabil by 184.6% in the first quarter. Verition Fund Management LLC now owns 142,283 shares of the technology company’s stock valued at $8,783,000 after purchasing an additional 92,283 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Jabil by 3.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 904,012 shares of the technology company’s stock valued at $55,805,000 after purchasing an additional 27,363 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in Jabil in the first quarter valued at $2,178,000. Finally, Signet Financial Management LLC boosted its holdings in Jabil by 3.4% in the first quarter. Signet Financial Management LLC now owns 25,668 shares of the technology company’s stock valued at $1,584,000 after purchasing an additional 844 shares during the last quarter. 79.69% of the stock is currently owned by institutional investors.

NYSE JBL opened at $58.17 on Friday. The firm’s fifty day simple moving average is $58.73 and its two-hundred day simple moving average is $61.70. The company has a current ratio of 1.01, a quick ratio of 0.55 and a debt-to-equity ratio of 1.02. Jabil has a 12-month low of $52.33 and a 12-month high of $72.11. The firm has a market capitalization of $8.21 billion, a P/E ratio of 10.73, a P/E/G ratio of 0.73 and a beta of 1.38.

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 (DPR) is presently 5.90%.

About Jabil (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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