Jabil (JBL) to Release Earnings on Tuesday

Jabil (NYSE:JBLGet Rating) will post its quarterly earnings results before the market opens on Tuesday, September 27th. Analysts expect Jabil to post earnings of $1.92 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Jabil Stock Performance

Shares of NYSE JBL opened at $59.59 on Tuesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.04 and a quick ratio of 0.54. The stock’s fifty day moving average price is $59.02 and its two-hundred day moving average price is $58.17. Jabil has a one year low of $48.80 and a one year high of $72.11. The firm has a market cap of $8.20 billion, a price-to-earnings ratio of 10.24, a P/E/G ratio of 0.70 and a beta of 1.40.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Monday, August 15th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Friday, August 12th. Jabil’s dividend payout ratio is 5.50%.

Analyst Ratings Changes

A number of research analysts have commented on the company. The Goldman Sachs Group decreased their price objective on Jabil from $78.00 to $69.00 and set a “buy” rating on the stock in a report on Wednesday, June 1st. Credit Suisse Group assumed coverage on Jabil in a report on Tuesday, August 16th. They set an “outperform” rating and a $74.00 target price on the stock. Finally, Citigroup reduced their target price on Jabil from $90.00 to $80.00 in a report on Friday, June 17th. Four equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $74.67.

Insider Activity at Jabil

In related news, EVP Robert L. Katz sold 10,423 shares of the firm’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $59.29, for a total value of $617,979.67. Following the sale, the executive vice president now directly owns 133,257 shares of the company’s stock, valued at $7,900,807.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Robert L. Katz sold 9,477 shares of the firm’s stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $55.00, for a total value of $521,235.00. Following the sale, the executive vice president now directly owns 143,680 shares of the company’s stock, valued at $7,902,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robert L. Katz sold 10,423 shares of the firm’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $59.29, for a total value of $617,979.67. Following the completion of the sale, the executive vice president now directly owns 133,257 shares in the company, valued at $7,900,807.53. The disclosure for this sale can be found here. Insiders have sold 23,603 shares of company stock valued at $1,341,991 over the last ninety days. 2.59% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Jabil

Several large investors have recently bought and sold shares of JBL. Cetera Advisor Networks LLC raised its position in Jabil by 4.7% in the first quarter. Cetera Advisor Networks LLC now owns 3,989 shares of the technology company’s stock valued at $246,000 after purchasing an additional 180 shares during the last quarter. Private Advisor Group LLC bought a new position in Jabil in the first quarter valued at about $399,000. Great West Life Assurance Co. Can raised its position in Jabil by 10.5% in the first quarter. Great West Life Assurance Co. Can now owns 83,585 shares of the technology company’s stock valued at $5,312,000 after purchasing an additional 7,933 shares during the last quarter. Sei Investments Co. raised its position in Jabil by 58.6% in the first quarter. Sei Investments Co. now owns 382,918 shares of the technology company’s stock valued at $23,633,000 after purchasing an additional 141,511 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in Jabil by 656.6% in the first quarter. Canada Pension Plan Investment Board now owns 21,700 shares of the technology company’s stock valued at $1,340,000 after purchasing an additional 18,832 shares during the last quarter. 89.41% of the stock is currently owned by institutional investors.

Jabil Company Profile

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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).

See Also

Earnings History for Jabil (NYSE:JBL)

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