Jabil (JBL) to Release Earnings on Tuesday

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

Jabil Price Performance

Jabil stock opened at $59.59 on Tuesday. The firm has a market capitalization of $8.20 billion, a P/E ratio of 10.24, a PEG ratio of 0.70 and a beta of 1.40. Jabil has a 1 year low of $48.80 and a 1 year high of $72.11. The business has a 50-day moving average of $59.02 and a 200-day moving average of $58.17. The company has a current ratio of 1.04, a quick ratio of 0.54 and a debt-to-equity ratio of 1.22.

Jabil Announces Dividend

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

Insider Buying and Selling at Jabil

In other Jabil news, EVP Robert L. Katz sold 10,423 shares of the business’s stock in a transaction that occurred on 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 owns 133,257 shares in the company, valued at approximately $7,900,807.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Jabil news, SVP Gerald Creadon sold 3,703 shares of the business’s stock in a transaction that occurred on Friday, June 24th. The stock was sold at an average price of $54.76, for a total value of $202,776.28. Following the sale, the senior vice president now owns 46,166 shares in the company, valued at approximately $2,528,050.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robert L. Katz sold 10,423 shares of the business’s stock in a transaction that occurred on 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 owns 133,257 shares in the company, valued at approximately $7,900,807.53. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,603 shares of company stock worth $1,341,991. Corporate insiders own 2.59% of the company’s stock.

Institutional Investors Weigh In On Jabil

Institutional investors have recently bought and sold shares of the company. Captrust Financial Advisors raised its stake in shares of Jabil by 12.8% during the 2nd quarter. Captrust Financial Advisors now owns 16,683 shares of the technology company’s stock worth $854,000 after purchasing an additional 1,895 shares in the last quarter. Centiva Capital LP raised its stake in shares of Jabil by 3.2% during the 2nd quarter. Centiva Capital LP now owns 15,601 shares of the technology company’s stock worth $799,000 after purchasing an additional 477 shares in the last quarter. United Services Automobile Association bought a new stake in shares of Jabil during the 2nd quarter worth approximately $785,000. Price T Rowe Associates Inc. MD raised its stake in shares of Jabil by 0.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 50,349 shares of the technology company’s stock worth $2,578,000 after purchasing an additional 195 shares in the last quarter. Finally, Creative Planning raised its stake in shares of Jabil by 6.6% during the 2nd quarter. Creative Planning now owns 26,624 shares of the technology company’s stock worth $1,363,000 after purchasing an additional 1,648 shares in the last quarter. Institutional investors own 89.41% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on JBL. Credit Suisse Group began coverage on Jabil in a research report on Tuesday, August 16th. They issued an “outperform” rating and a $74.00 price objective for the company. Citigroup decreased their price objective on Jabil from $90.00 to $80.00 in a research report on Friday, June 17th. Finally, The Goldman Sachs Group decreased their price objective on Jabil from $78.00 to $69.00 and set a “buy” rating for the company in a research report on Wednesday, June 1st. Four investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $74.67.

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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