Jabil (NYSE:JBL) will announce its earnings results after the market closes on Tuesday, March 13th. Analysts expect the company to announce earnings of $0.61 per share for the quarter. Jabil has set its Q2 guidance at $0.50-0.74 EPS.
Jabil (NYSE:JBL) last announced its quarterly earnings results on Thursday, December 14th. The technology company reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.01. Jabil had a return on equity of 12.95% and a net margin of 0.54%. The firm had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.50 billion. During the same period last year, the firm posted $0.69 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts expect Jabil to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Jabil (JBL) opened at $28.19 on Monday. Jabil has a 1 year low of $23.70 and a 1 year high of $31.70. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.50 and a current ratio of 0.95. The stock has a market capitalization of $4,940.00, a PE ratio of 48.60, a PEG ratio of 1.14 and a beta of 0.44.
A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Jabil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 28th. ValuEngine cut Jabil from a “strong-buy” rating to a “buy” rating in a report on Monday, December 4th. Argus upgraded Jabil from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Monday, December 18th. Standpoint Research upgraded Jabil from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. Finally, Raymond James Financial reiterated a “hold” rating on shares of Jabil in a report on Thursday, December 14th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $32.90.
In related news, SVP Sergio Cadavid sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $28.50, for a total transaction of $342,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President William E. Peters sold 13,915 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $26.00, for a total value of $361,790.00. Following the transaction, the president now directly owns 608,499 shares of the company’s stock, valued at approximately $15,820,974. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 53,745 shares of company stock valued at $1,462,436. 2.60% of the stock is owned by corporate insiders.
Jabil Inc, formerly Jabil Circuit, Inc, provides electronic manufacturing services and solutions throughout the world. The Company operates in two segments, which include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The Company’s EMS segment is focused on leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics, sharing of its large scale manufacturing infrastructure and the ability to serve a range of markets.
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